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, 1-bathroom apartment of 73 m² on the 15th floor, built in 1981, energy rating E. Located on avenida Repatriamento dos Poveiros, 779, Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai parish, Póvoa de Varzim municipality, Porto district. Noteworthy Feature: This apartment offers access to a private sports field within the condominium, enhancing recreational opportunities for residents. Condition Note: Despite its dated features, it boasts panoramic sea views from the 15th floor.
The valuation. The asking price of €349,000 sits significantly above the fair value of €237,805, indicating a hefty premium of €111,195 (46.8%). This property is clearly overpriced in the current market conditions.
Fair value modelled at €237,805 from 6 comparable sales in the area. Asking €349,000 sits €111,195 (46.8%) above — overpriced versus fair value.
Asking €349,000 versus the avenida Repatriamento dos Poveiros, 779 area baseline of €215,969 (€2,958/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €215,969, adjusted for condition and micro-location, gives a modelled fair value of €237,805 (€3,258/m²), a €111,195 (46.8%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Repatriamento dos Poveiros, 779 | Subject | €349,000 | €4,781 | — | 58 | 65 |
| avenida Vasco da Gama | Active | €239,000 | €2,951 | 38.3% | — | 62 |
| rua Alberto Pinheiro Torres, 269 | Active | €285,000 | €2,500 | 47.7% | 70 | 57 |
| Uniao das Freguesias da Póvoa de Varzim, Beiriz e Argivai · 6d5478 | Active | €325,000 | €3,652 | 23.6% | 65 | 65 |
| Aver-o-Mar, Amorim e Terroso · 76aed8 | Active | €250,000 | €3,165 | 33.8% | 55 | 64 |
| Median comp | €267,500 | €3,058 | 36.0% | 65 | 63 |
Family rental The 2-bed apartment in Uniao das Freguesias da Póvoa de Varzim is not a suitable investment for family rentals due to its 46.8% gap from fair value, indicating that it is overpriced. Additionally, with a yield of only 3.1% gross and a condition rating of 63/100, it may not attract families looking for quality housing. Long-term rental Opting for long-term rental in this neighborhood may be a risky strategy as the property's price is significantly above fair value by 46.8%. The low yield of 3.1% gross coupled with a below-average neighborhood rating suggests limited financial upside in the long-term rental market. Buy-and-hold The buy-and-hold strategy would not be advisable for this property as it is overpriced by 46.8% against its fair value. Given the modest yield of 3.1% gross and mediocre neighborhood conditions, the potential for appreciation may not justify the initial investment cost.
Investor concern There may be potential volatility in rental income due to an economic stability score of 65 out of 100, which indicates a moderate risk of fluctuations in the local economy affecting tenant retention and payment reliability.
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