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 108 m², built in 1999, energy rating C. Located Canelas parish, Vila Nova de Gaia municipality, Porto district. This apartment features a sunroom that provides abundant natural light and a seamless connection between the living space and kitchen, enhancing both comfort and functionality.
The valuation. The asking price of €269,000 exceeds fair value by €56,123 (20.9%), indicating the property is overpriced. This discrepancy suggests careful consideration is needed before proceeding with any potential investment.
Fair value modelled at €212,877 from the area baseline, adjusted for condition and location. Asking €269,000 sits €56,123 (20.9%) above — overpriced versus fair value.
Asking €269,000 versus the Canelas, Vila Nova de Gaia, Porto area baseline of €283,824 (€2,628/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 65 · Materials 72 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 70 · Economic 75 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Canelas, Vila Nova de Gaia, Porto
Area baseline €283,824 + condition -€8,775 + location +€20,880 = modelled fair value of €212,877 (€1,971/m²), a €56,123 (20.9%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canelas · 6fbb75 | Subject | €269,000 | €2,491 | — | 65 | 76 |
| Mafamude e Vilar do Paraíso · 99f3ed | Active | €315,000 | €3,119 | 25.2% | 70 | 72 |
| Canelas · ba588b | Active | €269,000 | €2,135 | 14.3% | 72 | 73 |
| rua Nossa Senhora do Carmo | Active | €315,000 | €3,119 | 25.2% | 78 | 72 |
| rua Escola de Vila Chã, 243 | Active | €315,000 | €2,603 | 4.5% | 74 | 72 |
| Median comp | €315,000 | €2,861 | 14.9% | 73 | 72 |
Family rental The 2-bed apartment in Canelas is priced at €269,000, which is 20.9% higher than its fair value of €212,877. Given its yield of 3.4% gross, the property does not present an attractive investment opportunity for family rentals due to its overpriced status. Buy-and-hold Investing in the 2-bed apartment as a buy-and-hold strategy is not advisable since the property is listed at €269,000, significantly exceeding the fair value of €212,877. With a modest yield of 3.4% gross, this overpriced property may not yield the desired returns over the long term. Long-term rental The long-term rental potential for this 2-bed apartment in Canelas is hindered by its listing price of €269,000, which surpasses its fair value of €212,877 by 20.9%. As the property is overpriced and offers only a 3.4% gross yield, it may struggle to attract long-term tenants without offering incentives.
Economic Sensitivity Risk The economic stability score of 75/100 indicates a moderate risk of economic downturns impacting rental income, given that a score below 80 suggests potential vulnerability to market fluctuations.
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