This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom apartment of 102 m², built in 1991. Located Rio Tinto parish, Gondomar municipality, Porto district. Noteworthy Feature: The apartment's former use as a store allows for a unique layout with higher-than-average ceiling heights, enhancing the spaciousness and aesthetic appeal of the living areas.
The valuation. The asking price of €299,000 is €31,538 (11.8%) above the fair value of €267,462, indicating that the property is overpriced. The current pricing does not reflect an attractive investment opportunity given the disparity.
Fair value modelled at €267,462 from 6 comparable sales in the area. Asking €299,000 sits €31,538 (11.8%) above — overpriced versus fair value.
Asking €299,000 versus the Rio Tinto, Gondomar, Porto area baseline of €264,783 (€2,596/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €264,783, adjusted for condition and micro-location, gives a modelled fair value of €267,462 (€2,622/m²), a €31,538 (11.8%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Rio Tinto · 76aff0 | Subject | €299,000 | €2,931 | — | 55 | 72 |
| Campanhã · f5ec0b | Active | €320,000 | €3,137 | 7.0% | 75 | 80 |
| Rio Tinto · 5b874e | Active | €245,000 | €2,722 | 7.1% | 65 | 75 |
| Baguim do Monte (Rio Tinto) · 096f56 | Active | €257,500 | €2,429 | 17.1% | 75 | 74 |
| Campanhã · 8933e2 | Active | €500,000 | €3,817 | 30.2% | 59 | 74 |
| Median comp | €288,750 | €2,930 | 0.1% | 70 | 75 |
Long-term rental Given the apartment's fair value at €267,462 and its listing price of €299,000, it is evident that the property is overpriced by 11.8%, diminishing the potential yield for long-term investors. This apartment's 3.8% gross yield may not justify the investment, as higher yields are available within the competitive housing market in Gondomar. Family rental While the suburban location of the apartment provides family-friendly amenities, the 11.8% gap from the fair value suggests that it does not represent a favorable investment for families seeking rental options. Additionally, the property’s current condition rating of 67/100 indicates that there may be necessary refurbishments, which could further impact rental income. Buy-and-hold The investment thesis for a buy-and-hold strategy is weakened by the property being overpriced at €299,000 instead of the fair value of €267,462, leading to reduced capital appreciation potential. Moreover, with a modest yield of 3.8% and a neighborhood rating of 72/100, this property may not deliver sufficient returns over time for long-term investors.
Moderate risk of tenant turnover Given both the economic and tenant stability scores at 70/100, there is a moderate risk of tenant turnover that could impact cash flow.
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