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, built in 2000, energy rating C. Located on rua do Fojo, 83, Canidelo parish, Vila Nova de Gaia municipality, Porto district. This apartment features a living room with a fireplace and a 6m² balcony offering sea views, enhancing its appeal for relaxation and entertainment.
The valuation. The asking price of €365,000 is above the fair value of €318,795, indicating an overpriced status by €46,205 (12.7%). Investors should exercise caution before proceeding. Buy-to-flip angle. The strategy for resale involves enhancing the property’s presentation through minor renovations to attract potential buyers, aiming for a profit margin in the growing Canidelo market. Buy-to-let angle. With an estimated gross yield of 5%, this property can generate around €1,521 per month, making it a viable option for long-term rentals, particularly appealing to families in the area.
Fair value modelled at €318,795 from the area baseline, adjusted for condition and location. Asking €365,000 sits €46,205 (12.7%) above — overpriced versus fair value.
Asking €365,000 versus the rua do Fojo, 83 area baseline of €297,440 (€1,859/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 70 · Materials 78 · Room dimensions 80). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 69/100 (Housing Market 70 · Amenities 65 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua do Fojo, 83
Area baseline €297,440 + condition -€1,250 + location +€22,605 = modelled fair value of €318,795 (€1,992/m²), a €46,205 (12.7%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Fojo, 83 | Subject | €365,000 | €2,281 | — | 70 | 69 |
| avenida António Coelho Moreira | Active | €379,000 | €2,269 | 0.5% | 73 | 71 |
| rua Pêro Vaz de Caminha | Active | €365,000 | €2,212 | 3.0% | 71 | 75 |
| rua Professor Urbano de Moura S / N | Active | €395,000 | €2,257 | 1.1% | 80 | 73 |
| rua de Pinto Mourão | Active | €379,900 | €2,451 | 7.4% | 73 | 69 |
| Median comp | €379,450 | €2,263 | 0.8% | 73 | 72 |
Long-term rental The property is listed at €365,000, which is 12.7% above its fair value of €318,795, indicating that it is overpriced. Despite the decent gross yield of 5%, the pricing may not attract long-term tenants looking for value. Family rental Given its suburban location in Greater Porto and reasonably favorable neighborhood ratings, the property could appeal to families seeking stability. However, the listing price of €365,000, which exceeds the fair value, may deter potential family renters from considering it. Buy-and-hold While the proximity to employment and educational opportunities offers potential for appreciation, the current asking price of €365,000 is almost 13% higher than the fair value. This overpricing poses a risk for a buy-and-hold strategy, as the investment might yield lower returns than anticipated due to inflated costs.
Economic volatility risk The property may be exposed to economic fluctuations, given that both economic stability and tenant stability scores are at a moderate 70/100, potentially impacting long-term rental income.
