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, 1-bathroom apartment of 98 m² on the 1st floor, built in 1994, energy rating D. Located Ermesinde parish, Valongo municipality, Porto district. The kitchen features immediate wall damage and dated terracotta tiles, necessitating cosmetic updates for improved functionality and appearance.
The asking price is above the fair value; the gap between the two stands at €114,000, reflecting a 43.3% downside versus the asking price. The estimated gross yield is 6.3%.
The asking price is above the fair value. We determine the fair value primarily using the Transaction model, which utilizes 230 real transaction data points from sales in Ermesinde. This is combined with the Adjusted asking-price model, which adjusts current listings to align with actual sale prices, blending both models with a weight of 55% for the Transaction model and 45% for the Adjusted model. Conservative adjustments were made for the cost to cure the property, resulting in a fair value of €150,000, which is 12.0% below the central estimate. Therefore, the result shows the asking price is €114,000 higher than the fair value, reflecting a significant 43.3% downside in this instance, and the confidence level is high.
Gross yield 6.3% (before costs)
No specific strategy stands out for this property.
The asking price of €264,000 significantly exceeds the fair value of €150,000, indicating a 43.3% downside versus the asking price. The property's condition is rated 62/100, suggesting an average state, which may necessitate further investment to enhance its appeal. Additionally, the neighborhood's score of 50/100 reflects mixed desirability, possibly affecting future value appreciation.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk Both economic and tenant stability scores are at a low 50/100, indicating a significant risk of vacancy or downward pressure on rental income.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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