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, 3-bathroom country_house of 490 m², energy rating B. Located on rua da Morigade, Lagares e Figueira parish, Penafiel municipality, Porto district. The property uniquely includes two operational water mills, enhancing its historical appeal and potential for eco-tourism enterprises, along with abundant landscaping and private access to a stream.
The asking price of €480,000 significantly exceeds our estimated fair value of €214,000, indicating a substantial overvaluation. Confidence in this fair value assessment is low, suggesting potential risks in the investment decision.
The asking price is above the fair value. We use a Transaction model, informed by 207 recorded sales in Penafiel, which accounts for 60% of the valuation. The Adjusted asking-price model, based on current listings, contributes 40%. Both models are blended to arrive at a final fair value of €214,000, after conservative adjustments for cost to cure. This fair value indicates a significant gap, as the asking price is €480,000, leading to a downside of 55.4%. Given the market context, confidence in this valuation is low.
No specific strategy stands out for this property.
The asking price of €480,000 for this 3-bed country house in Lagares e Figueira is significantly higher than its fair value of €214,000, indicating a 55.4% downside versus the asking price. The property is in good condition with a score of 78/100, but the neighborhood's score of 50/100 suggests potential limitations in the area. Investors should carefully consider the disparity between price and value before proceeding, as the overall confidence level is low.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: With both economic and tenant stability scores at 50/100, there is a significant risk of insufficient demand or tenant turnover leading to potential vacancies or rental income instability. Valuation certainty risk: The fair value of €214,000 is determined with low confidence due to a lack of transaction micro-location data and significant differences between the estimates, which could lead to potential misvaluation of the property.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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