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.
2-bedroom, 2-bathroom apartment of 94 m² on the 3rd floor, built in 1998, energy rating C. Located on rua da Estrada Nova, Esmoriz parish, Ovar municipality, Aveiro district. Noteworthy Features: This apartment showcases a striking stone feature wall that enhances the living area, complemented by polished grey tile flooring throughout.
The valuation. The property is listed at €240,000, which is €106,326 (79.5%) above its fair value of €133,674. This indicates that it is overpriced compared to market standards.
Fair value modelled at €133,674 from 6 comparable sales in the area. Asking €240,000 sits €106,326 (79.5%) above — overpriced versus fair value.
Asking €240,000 versus the rua da Estrada Nova area baseline of €139,386 (€1,483/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €139,386, adjusted for condition and micro-location, gives a modelled fair value of €133,674 (€1,422/m²), a €106,326 (79.5%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Estrada Nova | Subject | €240,000 | €2,553 | — | 78 | 63 |
| Esmoriz · 924479 | Active | €440,000 | €1,294 | 49.3% | 72 | 56 |
| Silvalde · 423e3f | Active | €220,000 | €2,444 | 4.3% | 70 | 63 |
| rua da Terceira, 246 | Active | €310,000 | €1,550 | 39.3% | 42 | 65 |
| avenida de Draveil | Active | €1,800,000 | €581 | 77.3% | — | 69 |
| Median comp | €375,000 | €1,422 | 44.3% | 70 | 64 |
Long-term rental The 2-bed apartment in Esmoriz with a fair value of €133,674 is currently listed at €240,000, indicating an overpricing of 79.5%, which undermines the viability for long-term rental investments. With a gross yield of only 3.7%, potential returns are insufficient relative to the purchase price, making this an unfavorable option for long-term rental strategies. Family rental Considering the apartment's condition rating of 78/100 and the neighborhood rating of 63/100, the property does not present a compelling investment for family rentals due to its overpriced listing at €240,000. The large gap between the fair value and the listing price detracts from its attractiveness for families seeking sustainable housing options. Buy-and-hold With the property being significantly overpriced, acquiring the 2-bed apartment for a buy-and-hold strategy could result in stagnated growth and reduced liquidity in the future. Investors should be cautious given the 79.5% gap to fair value and relatively low yield of 3.7%, which limits potential appreciation over time.
Low Tenant Demand The tenant stability score of 60/100 indicates a potential risk of higher vacancy rates, which may lead to lower rental income.
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