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 98 m² on the 1st floor, built in 1994, energy rating C. Located on praceta Guiné, 163, Rio Tinto parish, Gondomar municipality, Porto district. The apartment features a spacious, open-concept living area that seamlessly connects to a modern kitchen, enhancing the overall flow and functionality of the home.
The asking price of €279,000 is above our fair value estimate of €246,000, indicating a gap of €33,000 with an 11.7% downside compared to the asking price. The confidence in this fair value assessment is medium. Rental income. The property is well-suited for a rental income strategy, with an estimated gross yield of 5.5%, placing it in the top quarter of the national range before costs, vacancy, and management.
The fair value of this property is established using a combination of two models: the Transaction model, based on real transaction data from 215 recorded sales in Rio Tinto, and the Adjusted asking-price model, which adjusts current listings to reflect actual sale prices. This combination gives a weighted value of 55% to the Transaction model and 45% to the Adjusted asking-price model. No conservative adjustments were applied in this case, leading to a determined fair value of €246,000. When compared to the asking price of €279,000, the asking price is above the fair value, with a notable 11.7% downside. Overall, the confidence in this assessment is medium.
Gross yield 5.5% (before costs)
This 3-bed apartment in Rio Tinto, Gondomar, offers a gross rental yield of 5.5%, placing it within the top quarter of the national range, which is promising for potential investors seeking reliable rental income. However, the asking price of €279,000 is above the fair value of €246,000, indicating an 11.7% downside versus the asking price that could challenge future returns. The property is in average condition with a rating of 78/100, while the neighborhood scores only 50/100, highlighting certain investment risks and the need for careful consideration regarding tenant quality and market dynamics.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: The economic stability score is 50/100, indicating a potentially unstable market environment, while a tenant stability score of 50/100 suggests a risk of fluctuating rental income due to possible vacancies. Fair value uncertainty risk: The fair value of the property is €246,000 with medium confidence, which is affected by the municipality being on watch against INE and the lack of transaction micro-location data for this address, leading to uncertainties in valuation accuracy.
Grade BFindings: 0
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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