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 apartment of 230 m², built in 2020, energy rating A. Located on avenida Afonso de Albuquerque, 240, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment boasts expansive balconies that seamlessly connect the living spaces with breathtaking panoramic views of the Douro River and Porto's historic center. Location Advantage: Nestled near Afurada Marina, it offers easy access to cosmopolitan amenities and natural beauty.
The valuation. The asking price of €850,000 is significantly above the fair value of €499,077, representing an overpricing of €350,923 (41.3%). This indicates that the property is not aligned with its true market worth.
Fair value modelled at €499,077 from the area baseline, adjusted for condition and location. Asking €850,000 sits €350,923 (41.3%) above — overpriced versus fair value.
Asking €850,000 versus the avenida Afonso de Albuquerque, 240 area baseline of €768,200 (€3,340/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 88/100 (Condition 90 · Materials 87 · Room dimensions 85). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 70 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
avenida Afonso de Albuquerque, 240
Area baseline €768,200 + condition +€28,750 + location +€42,757 = modelled fair value of €499,077 (€2,170/m²), a €350,923 (41.3%) gap versus the €850,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Afonso de Albuquerque, 240 | Subject | €850,000 | €3,696 | — | 90 | 75 |
| alameda Jardins da Arrábida | Active | €599,000 | €3,675 | 0.6% | 80 | 77 |
| rua do Ouro, 998 | Active | €850,000 | €4,620 | 25.0% | 75 | 80 |
| Santa Marinha e São Pedro da Afurada · ba3f66 | Active | €745,000 | €3,617 | 2.1% | 84 | 78 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · ac9922 | Active | €670,000 | €5,234 | 41.6% | 80 | 77 |
| Median comp | €707,500 | €4,148 | 12.2% | 80 | 78 |
Long-term rental While the property’s condition rating of 88/100 suggests it is well-maintained, being priced at €850,000 is a significant 41.3% above the fair value of €499,077. This disparity ultimately limits long-term rental potential, especially given the gross yield of only 4%. Family rental The favorable location near Porto offers strong employment opportunities, yet the 41.3% gap over fair value makes this property less appealing for family rentals. Families seeking quality housing may be deterred by the €850,000 price point, which does not align with the fair market conditions. Buy-and-hold Investing in this property as a buy-and-hold strategy is compromised by the 41.3% overvaluation at €850,000 compared to a fair value of €499,077. Although there is potential for appreciation due to the neighborhood’s low crime rates and overall appeal, the current pricing renders the strategy less effective given the gross yield of 4%.
Economic Sensitivity Economic downturns could adversely affect tenant stability given the area's economic stability score of 80/100, which while decent, indicates potential vulnerability to market fluctuations.
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