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 143 m², built in 1992, energy rating D. Located on rua Nova do Cruzeiro, 101, Canelas parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment offers a spacious living room with large windows providing ample natural light and a scenic view of the surrounding urban area.
The valuation. The asking price of €337,000 is significantly above the fair value of €266,163, indicating an overvaluation of €70,837 (21.0%). Such a price discrepancy raises concerns for potential investors.
Fair value modelled at €266,163 from the area baseline, adjusted for condition and location. Asking €337,000 sits €70,837 (21.0%) above — overpriced versus fair value.
Asking €337,000 versus the rua Nova do Cruzeiro, 101 area baseline of €320,177 (€2,239/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 (Condition 69 · Materials 65 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 70 · Amenities 70 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Nova do Cruzeiro, 101
Area baseline €320,177 + condition -€24,131 + location +€24,457 = modelled fair value of €266,163 (€1,861/m²), a €70,837 (21.0%) gap versus the €337,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nova do Cruzeiro, 101 | Subject | €337,000 | €2,357 | — | 69 | 73 |
| rua Conselheiro Fonseca, 138 | Active | €350,000 | €2,692 | 14.2% | 63 | 70 |
| rua São João, 75 | Active | €290,000 | €2,566 | 8.9% | 65 | 72 |
| Canelas · 25f516 | Active | €295,000 | €2,565 | 8.9% | 70 | 74 |
| jardim Soares dos Reis | Active | €320,000 | €2,936 | 24.6% | 70 | 70 |
| Median comp | €307,500 | €2,629 | 11.6% | 68 | 71 |
Long-term rental The property is priced at €337,000, which represents a 21.0% gap above its fair value of €266,163, making it an unattractive option for long-term rental investments. The gross yield of 3.5% is relatively low and does not justify the elevated purchase price in the current market context. Family rental Given the high listing price of €337,000, significantly above the fair value of €266,163, this property may not appeal as a family rental investment. The 3.5% gross yield, combined with the neighbourhood's 73/100 rating, indicates limited rental income potential in relation to the cost. Buy-and-hold At a listing price of €337,000 and a fair value of €266,163, the buy-and-hold strategy seems unfavorable for this property due to the significant 21.0% overpricing. Additionally, with a gross yield of just 3.5%, the long-term appreciation prospects appear limited, making this a less than ideal holding investment.
Economic and Tenant Stability Risk: With both the economic stability and tenant stability scores at 75/100, there is a potential risk of fluctuations in rental income due to economic downturns or tenant turnover which could impact financial returns.
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