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 70 m², built in 1979, energy rating D. Located on rua Leote do Rego, 186, Santa Marinha e São Pedro da Afurada parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: The apartment includes a private attic, enhancing storage options and potential for additional living space in a modern setting. Future Potential: Located near the upcoming VL8/Metro line, promising increased accessibility and property appreciation.
The valuation. The asking price of €280,000 sits significantly above its fair value of €106,769, indicating an overvaluation of €173,231, or 61.9% above market expectations. Buy-to-flip angle. A resale strategy focusing on renovating the property to enhance its appeal could yield profits, but the current high asking price may limit financial upside. Buy-to-let angle. With an estimated rental income of €840/month, the gross yield stands at 3.6%, suggesting modest returns that may not justify the investment in the current market climate.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Leote do Rego, 186 | Subject | €280,000 | €4,000 | — | — | 72 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 99f42a | Active | €295,000 | €7,763 | 94.1% | 65 | 78 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · b45339 | Active | €445,000 | €5,563 | 39.1% | — | 81 |
| avenida Aliados | Active | €210,000 | €4,286 | 7.1% | 65 | 71 |
| Santa Marinha e São Pedro da Afurada · 49b664 | Active | €210,000 | €4,286 | 7.1% | 60 | 70 |
| Median comp | €252,500 | €4,925 | 23.1% | 65 | 75 |
Long-term rental The 2-bed apartment in Santa Marinha e São Pedro da Afurada, priced at €280,000, presents a significant gap of 61.9% compared to its fair value of €106,769, indicating that the property is overpriced. With a gross yield of only 3.6%, the return on investment through long-term rental is insufficient, making this strategy less attractive. Family rental Given its location near Porto with moderate amenities and a 72/100 neighbourhood rating, the property may attract family renters; however, its asking price of €280,000 is considerably above the fair value of €106,769. Consequently, the potential for rental income is diminished by the 61.9% price disparity, marking this strategy as less favorable. Buy-and-hold Investing in this 2-bed apartment as a buy-and-hold strategy is not advisable due to its overpricing at €280,000 compared to a fair value of €106,769, leading to a misleading capital appreciation expectation. With a gross yield of just 3.6% and a property condition score of 0/100, this approach seems less promising and restricts potential long-term returns.
Economic Vulnerability The economic stability score of 80/100 indicates a potential risk if the local economy experiences a downturn, impacting tenant stability which is at 75/100 and could lead to decreased occupancy rates.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by FrontPoint.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
