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 160 m² on the 1st floor, built in 1996, energy rating E. Located on praceta Canelas de Baixo S / N, Canelas parish, Vila Nova de Gaia municipality, Porto district. This apartment features ample natural light and two balconies, enhancing its appeal in a peaceful neighborhood with nearby schools and transportation options.
The valuation. The asking price of €295,000 is €4,394 (1.5%) above the fair value of €290,606, indicating that the property is overpriced. On a per-square-meter basis, the listing comes in at €1,844, reflecting this disparity.
Fair value modelled at €290,606 from the area baseline, adjusted for condition and location. Asking €295,000 sits €4,394 (1.5%) above — overpriced versus fair value.
Asking €295,000 versus the praceta Canelas de Baixo S / N area baseline of €420,480 (€2,628/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 (Condition 60 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 68/100 (Housing Market 70 · Amenities 60 · Economic 75 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
praceta Canelas de Baixo S / N
Area baseline €420,480 + condition -€28,250 + location +€21,416 = modelled fair value of €290,606 (€1,816/m²), a €4,394 (1.5%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Canelas de Baixo S / N | Subject | €295,000 | €1,844 | — | 60 | 68 |
| rua São João, 1 | Active | €275,000 | €2,434 | 32.0% | 58 | 70 |
| rua do Pinhal | Active | €275,000 | €1,708 | 7.4% | 65 | 72 |
| avenida Vasco da Gama | Active | €355,000 | €1,651 | 10.4% | 75 | 66 |
| rua da Junqueira de Baixo | Active | €280,000 | €2,276 | 23.5% | 65 | 71 |
| Median comp | €277,500 | €1,992 | 8.0% | 65 | 71 |
Long-term rental While the property offers a reasonable gross yield of 3.9%, it is overpriced by 1.5% compared to its fair value, which could suppress long-term rental returns. Additionally, the average condition and neighborhood rating indicate potential challenges in attracting higher-quality tenants. Buy-and-hold This investment strategy may face headwinds due to the 1.5% gap above fair value, suggesting that capital appreciation may be limited. With a gross yield of only 3.9% and a less-than-ideal neighborhood rating, long-term wealth accumulation could be jeopardized. Family rental Although the property may appeal to families due to its size, its pricing above fair value makes it less attractive in a competitive rental market. The combined conditions of 64/100 and a neighborhood score of 68/100 further imply that potential tenant interest might not justify the current price point.
Tenant turnover risk With a tenant stability score of 65/100, there is a significant risk of higher turnover rates, potentially leading to increased vacancy periods and associated costs.
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