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 168 m² on the 2nd floor, built in 1996, energy rating C. Located on rua Pero Covilha, Mafamude e Vilar do Paraíso parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: The property boasts a spacious 40 m² individual garage accommodating two vehicles, enhancing convenience in a prestigious Vila Nova de Gaia location.
The valuation. The asking price of €366,000 is slightly below the fair value of €389,310, indicating a difference of €23,310 (6.0%). The property can be classified as fairly priced in the current market.
Fair value modelled at €389,310 from 6 comparable sales in the area. Asking €366,000 sits €23,310 (6.0%) below — the upside to fair value.
Asking €366,000 versus the rua Pero Covilha area baseline of €358,330 (€2,133/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €358,330, adjusted for condition and micro-location, gives a modelled fair value of €389,310 (€2,317/m²), a €23,310 (6.0%) gap versus the €366,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Pero Covilha | Subject | €366,000 | €2,179 | — | 68 | 76 |
| rua António Sampaio S / N | Active | €356,900 | €2,478 | 13.8% | 75 | 67 |
| avenida António Coelho Moreira | Active | €379,000 | €2,269 | 4.2% | 73 | 71 |
| praceta José Pinto Correia, 9 | Active | €260,000 | €1,857 | 14.8% | 70 | 68 |
| Vilar de Andorinho · 76ae90 | Active | €269,000 | €2,038 | 6.5% | 62 | 63 |
| Median comp | €312,950 | €2,154 | 1.2% | 72 | 68 |
Long-term rental Given its fair value and competitive yield of 4.7%, this property could generate stable rental income over an extended period. The suburban location of Vila Nova de Gaia provides access to essential urban amenities and employment opportunities, attracting long-term tenants. Family rental With a spacious layout of 168m² and a strong neighborhood rating of 76/100, this 3-bed apartment is well-suited for families seeking a convenient living environment. The property’s proximity to essential services and recreational facilities can further enhance its appeal to family renters. Buy-and-hold Investing in this property for the long-term could be a sound strategy, given its fair market position and decent quality rating of 70/100. The ongoing development and stability of the Greater Porto area suggest that the property could maintain its value over time, appealing to future buyers or tenants alike. Not ideal for short-term rental This property is less suitable for short-term rental due to its average condition and fair valuation, which may not yield the high returns typically sought in the short-term rental market. The suburban character of the location is more conducive to long-term living situations. Not ideal for student housing The property does not align well with the needs of student housing, given its higher price point and the likely absence of immediate access to major educational institutions. The residential nature of the neighborhood may deter students seeking transient living situations.
Economic Vulnerability The economic stability score of 80 suggests a strong economy, yet the tenant stability score of 75 indicates potential fluctuations in tenant retention, which could impact rental income.
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