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, 2-bathroom apartment of 206 m², built in 2002, energy rating B. Located on rua da Bélgica, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment features a spacious living room with a fireplace that seamlessly connects to a generous terrace, providing stunning sea views and an ideal space for outdoor entertaining.
The valuation. The asking price of €380,000 is below the fair value of €422,048, indicating the property is underpriced by €42,048 (11.1%). This presents a compelling investment opportunity without overpricing concerns.
Fair value modelled at €422,048 from the area baseline, adjusted for condition and location. Asking €380,000 sits €42,048 (11.1%) below — the upside to fair value.
Asking €380,000 versus the rua da Bélgica area baseline of €688,040 (€3,340/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 70 · Amenities 70 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua da Bélgica
Area baseline €688,040 + condition +€3,863 + location +€35,232 = modelled fair value of €422,048 (€2,049/m²), a €42,048 (11.1%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Bélgica | Subject | €380,000 | €1,845 | — | 74 | 73 |
| rua Oliveiras, 44 | Active | €309,000 | €2,414 | 30.9% | 74 | 66 |
| Canidelo · ba3ed8 | Active | €334,000 | €2,456 | 33.1% | 65 | 72 |
| rua do Carvalho, 102H | Active | €585,000 | €4,179 | 126.5% | 73 | 79 |
| rua Barreiro | Active | €359,000 | €3,095 | 67.8% | 77 | 70 |
| Median comp | €346,500 | €2,776 | 50.5% | 74 | 71 |
Long-term rental The 2-bed apartment in Canidelo presents a substantial investment opportunity due to its 11.1% gap from fair value, priced at €380,000 compared to the fair value of €422,048. With the region's balanced residential and commercial features, this property is positioned well for long-term tenancy stability. Buy-and-hold Given the underpriced listing of €380,000 against its fair value, the property offers potential for appreciation over time, making it an attractive buy-and-hold strategy. The favorable living conditions in a safe neighborhood contribute to sustained property desirability and value growth. Family rental As a 2-bed apartment in a suburban area with good public services, this property is well-suited for family rentals, especially given its current underpricing relative to fair market value. The neighborhood’s safety and balanced amenities make it an appealing option for families seeking stability. Not ideal for This property is not suited for short-term vacation rentals given the suburban context and lack of gross rental yield. Additionally, its attributes do not align with luxury market expectations or the demands of student housing.
Economic downturn risk The property may be vulnerable to economic downturns as both the economic stability and tenant stability scores are at 75/100, indicating a moderate risk.
