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.
1-bedroom, 1-bathroom apartment of 111 m², built in 2000, energy rating C. Located on rua Nova de Bustes, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Key Features: The apartment includes a pre-installation for central heating and an alarm system, enhancing comfort and security for residents in this exclusive private condominium. Location Highlights: Just 350m from the primary school and 700m from Mercadona. Renovation Note: The building renovation works have already been paid for, adding immediate value to the property.
The valuation. The asking price of €297,000 significantly exceeds the fair value of €220,776, indicating an overvaluation of €76,224 (25.7%). This discrepancy suggests that the property may not be a wise investment at its current listing price.
Fair value modelled at €220,776 from the area baseline, adjusted for condition and location. Asking €297,000 sits €76,224 (25.7%) above — overpriced versus fair value.
Asking €297,000 versus the rua Nova de Bustes area baseline of €370,740 (€3,340/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 75 · Materials 80 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 70 · Amenities 70 · Economic 80 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Nova de Bustes
Area baseline €370,740 + condition -€2,081 + location +€16,508 = modelled fair value of €220,776 (€1,989/m²), a €76,224 (25.7%) gap versus the €297,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nova de Bustes | Subject | €297,000 | €2,676 | — | 75 | 70 |
| rua da Boa Nova, 163 | Active | €575,000 | €4,915 | 83.7% | 72 | 76 |
| rua Orfeão do Porto | Active | €275,000 | €3,571 | 33.5% | 77 | 83 |
| Canidelo · 90d8ca | Active | €262,000 | €2,519 | 5.8% | 72 | 68 |
| rua Joaquim Pereira Brandão | Active | €280,000 | €2,979 | 11.3% | 72 | 74 |
| Median comp | €277,500 | €3,275 | 22.4% | 72 | 75 |
Long-term rental The property, priced at €297,000, exceeds its fair value by 25.7%, suggesting that the long-term rental strategy may not yield sufficient returns given its gross yield of only 3%. With the neighbourhood scoring a moderate 70/100, potential tenant interest could also be limited, affecting overall rental income stability. Family rental Given the property’s listing price of €297,000, which is significantly above its fair value of €220,776, it may pose a risk for family rentals due to lower yield potential of 3%. Additionally, the condition score of 74/100 indicates that ongoing maintenance may impact the attractiveness of the property for families. Buy-and-hold The €297,000 price tag presents a substantial overvaluation compared to its fair value, limiting the upside potential in a buy-and-hold strategy with a gross yield of just 3%. Furthermore, ongoing costs associated with its relatively average condition of 74/100 could further diminish the long-term investment viability.
Tenant volatility risk The tenant stability score of 60/100 indicates a potential risk of higher tenant turnover, which could affect rental income and overall property profitability.
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