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 118 m², energy rating F. Located on rua de o Primeiro de Janeiro, Ramalde parish, Porto municipality, Porto district. Noteworthy Features: This apartment includes a generous storage room with significant floor wear, suggesting both a practical use of space and a focus on potential renovation opportunities. Notáveis Características: Este apartamento inclui uma ampla despensa com desgaste significativo no chão, sugerindo tanto uma utilização prática do espaço quanto um foco em oportunidades de renovação.
The valuation. The asking price of €410,000 sits €63,445 or 18.3% above the fair value of €346,555, indicating it is overpriced. This valuation suggests reconsideration for potential buyers looking for sound investments. Buy-to-flip angle. With renovations aimed at improving the quality finishes, a buy-to-flip strategy could increase resale value significantly, potentially attracting buyers in the competitive Porto market. Buy-to-let angle. The estimated gross yield of 3.9%, with monthly rental income around €1,332, supports a buy-to-let strategy for generating reliable passive income in an area with strong housing demand.
Fair value modelled at €346,555 from 6 comparable sales in the area. Asking €410,000 sits €63,445 (18.3%) above — overpriced versus fair value.
Asking €410,000 versus the rua de o Primeiro de Janeiro area baseline of €342,831 (€2,905/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €342,831, adjusted for condition and micro-location, gives a modelled fair value of €346,555 (€2,937/m²), a €63,445 (18.3%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de o Primeiro de Janeiro | Subject | €410,000 | €3,475 | — | 54 | 81 |
| rua da Cidade do Recife S / N | Active | €289,000 | €2,806 | 19.2% | 68 | 74 |
| rua Doutor Adriano de Paiva, 293 | Active | €290,000 | €2,959 | 14.8% | 70 | 74 |
| Aldoar, Foz Do Douro e Nevogilde · 86cd45 | Active | €239,000 | €2,915 | 16.1% | 70 | 74 |
| Ramalde · f5ea3a | Active | €238,000 | €2,975 | 14.4% | 65 | 71 |
| Median comp | €264,000 | €2,937 | 15.5% | 69 | 74 |
Long-term rental The current listing price of €410,000 represents an 18.3% premium over its fair value of €346,555, indicating that the property is overpriced for a long-term rental strategy. With a gross yield of just 3.9% and a property condition rating of 61/100, the investment's potential return under this strategy may not justify the high initial cost. Family rental At a listing price of €410,000, which exceeds the fair value by 18.3%, this two-bedroom apartment in Ramalde is likely overpriced for family rental purposes. While the neighborhood score of 81/100 suggests a desirable living area, the yield of 3.9% and moderate property condition may restrict rental income growth. Buy-and-hold Priced at €410,000, the apartment in Ramalde appears overpriced by 18.3% compared to its fair value of €346,555, which raises concerns for a buy-and-hold investment strategy. The estimated gross yield of 3.9% combined with the property’s condition score indicates limited upside potential and investor returns over time.
Economic downturn risk The high economic stability score of 85/100 suggests resilience, but the potential for future economic downturns still poses a risk, particularly given the still significant tenant stability score of 80/100 that may not guarantee consistent rental income during adverse conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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