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, 2-bathroom apartment of 112 m², built in 1993, energy rating D. Located Canelas parish, Vila Nova de Gaia municipality, Porto district. The apartment features a bright kitchen with a functional laundry area, and an unobstructed view from the 3rd floor enhances its appeal in a tranquil setting.
The valuation. The asking price of €289,000 is significantly above the fair value of €228,322, representing an overvaluation of €60,678 (21.0%). This suggests the property is overpriced relative to market conditions.
Fair value modelled at €228,322 from the area baseline, adjusted for condition and location. Asking €289,000 sits €60,678 (21.0%) above — overpriced versus fair value.
Asking €289,000 versus the Canelas, Vila Nova de Gaia, Porto area baseline of €294,336 (€2,628/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 80 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 70 · Amenities 65 · Economic 75 · Tenant Quality 74). Strong amenities and housing-market momentum support a premium to baseline.
Canelas, Vila Nova de Gaia, Porto
Area baseline €294,336 + condition +€2,625 + location +€17,489 = modelled fair value of €228,322 (€2,039/m²), a €60,678 (21.0%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canelas · 4a7fd7 | Subject | €289,000 | €2,580 | — | 74 | 71 |
| praceta Cooperativa o Telefone | Active | €245,000 | €2,188 | 15.2% | 76 | 73 |
| rua Corujeiras | Active | €310,000 | €2,627 | 1.8% | 74 | 74 |
| avenida da República | Active | €289,500 | €2,632 | 2.0% | 70 | 77 |
| rua José Monteiro de Castro Portugal | Active | €345,000 | €2,594 | 0.5% | 74 | — |
| Median comp | €299,750 | €2,611 | 1.2% | 74 | 74 |
Long-term rental The property is priced at €289,000, representing a 21.0% gap above its fair value of €228,322, making it an overpriced option for long-term rental investment. With a gross yield of 4% and a neighbourhood score of 71/100, the potential returns may not justify the high purchase price in the current market. Buy-and-hold Although the apartment has a decent condition rating of 77/100, its asking price of €289,000 reflects a significant mark-up over its fair value, classifying it as overpriced. The proximity to Porto's economic activities may enhance its appeal, but the 4% yield indicates that this may not be a sustainable long-term hold. Family rental While the property could attract families due to suburban safety characteristics, its current price of €289,000 is excessively high relative to the fair value of €228,322, rendering it overpriced. The average tenant quality in the area might not provide the rental stability needed to offset this elevated investment cost.
Economic downturn risk With an economic stability score of 75/100 and a tenant stability score of 74/100, there is a risk that fluctuations in the economy could lead to increased vacancies or reduced rental income.
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