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 118 m² on the 1st floor, built in 2005, energy rating C. Located on rua das Companhas, Ovar, São João, Arada e São Vicente de Pereira Jusã parish, Ovar municipality, Aveiro district. The apartment features three private balconies, providing enhanced outdoor space and a sea view that enriches the living experience in Furadouro.
The asking price of €340,000 is significantly above the fair value of €245,000, indicating a gap of €95,000; however, confidence in this fair value estimation is low. No specific investment strategy has been identified for this property, and its condition is rated 75 out of 100, reflecting a mid-to-high range residential quality.
The property's fair value is determined using a Transaction model and an Adjusted asking-price model, blended equally at 50% each. The Transaction model is based on 100 recorded sale prices in the municipality of Ovar, while the Adjusted asking-price model uses data from current listings adjusted to sales levels. No conservative adjustments were needed for this property. The resulting fair value is €245,000, which indicates that the asking price is above the fair value, showing a gap of €95,000. Confidence in this estimate is low, as the two models differ significantly.
No specific strategy stands out for this property.
Negotiation room: Negotiation room: closed sales in this municipality typically settle about 9% below asking, suggesting an opening conversation near €308,903
Investors should consider that the asking price of €340,000 is significantly above the fair value of €245,000, reflecting a 27.9% downside versus the asking price. Additionally, while the condition of the property is acceptable at 75/100, the neighborhood scores only 50/100, suggesting potential challenges in attractiveness and demand. Given these factors, careful evaluation of the investment merits is necessary.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: The property has low economic and tenant stability scores of 50/100, which raises concerns about its ability to generate steady rental income and maintain occupancy levels. Fair value certainty risk: The fair value of €245,000 has low confidence due to a lack of micro-location transaction data for this address, and significant differences in estimates, indicating uncertainty in the property's actual market value.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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