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, 1-bathroom apartment of 72 m², built in 2000, energy rating C. Located on rua da Fitela, 8, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Feature: This apartment benefits from a recently acquired habitation license, enhancing its financing options for potential buyers, especially as it was formerly a commercial space.
The valuation. The asking price of €254,000 significantly exceeds the fair value of €158,572, creating a discrepancy of €95,428 (37.6%). Thus, the property is deemed overpriced.
Fair value modelled at €158,572 from the area baseline, adjusted for condition and location. Asking €254,000 sits €95,428 (37.6%) above — overpriced versus fair value.
Asking €254,000 versus the rua da Fitela, 8 area baseline of €237,384 (€3,297/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 80 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 80/100 (Housing Market 85 · Amenities 80 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua da Fitela, 8
Area baseline €237,384 + condition +€8,663 + location +€16,062 = modelled fair value of €158,572 (€2,202/m²), a €95,428 (37.6%) gap versus the €254,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Fitela, 8 | Subject | €254,000 | €3,528 | — | 80 | 80 |
| Lordelo do Ouro e Massarelos · cfe1ef | Active | €430,000 | €6,143 | 74.1% | 75 | 76 |
| rua das Flores | Active | €760,000 | €7,451 | 111.2% | 79 | 79 |
| Santa Marinha e São Pedro da Afurada · f366d0 | Active | €295,000 | €4,338 | 23.0% | 75 | 72 |
| rua Luís de Camões S / N | Active | €239,000 | €6,459 | 83.1% | 80 | 71 |
| Median comp | €362,500 | €6,301 | 78.6% | 77 | 74 |
Long-term rental In the context of a long-term rental strategy, this 2-bed apartment in Canidelo demonstrates an appealing gross yield of 4.3%, but it remains overpriced compared to its fair value, which indicates limited upside potential. The combination of the property being priced 37.6% above fair value and the neighborhood's overall rating of 80/100 suggests that rental returns may not justify the current investment cost. Buy-and-hold While the property has a solid condition rating of 83/100 and a favorable location in the suburbs of Porto, its significant price markup of 37.6% against the fair value hinders the viability of a buy-and-hold strategy. Investors might find that the long-term appreciation potential is diminished by the current valuation, making it less attractive for capital growth. Family rental The apartment's neat condition and accessibility to urban amenities could appeal to families seeking suburban living; however, with the property listed at €254,000—37.6% above its fair value—it is priced too high. This situation raises concerns regarding the competitiveness of offering it as a family rental in a market with better-valued options available. Not ideal for short-term vacation rental Due to its high asking price of €254,000, which is 37.6% over its fair value, this property is also unsuitable for a short-term vacation rental strategy as profitability would be difficult to achieve. The mismatch between the expected cash flow from short-term rentals and the property's sizable overvaluation could deter potential investors. Not ideal for the luxury market Positioned in a suburban location with a listing price significantly above its fair market value, this property does not align with the luxury market demands. The risk of poor returns in a high-priced investment further underscored its unsuitability for attracting affluent clientele.
Economic Sensitivity Risk A high Economic stability score of 80 suggests relative resilience, but a Tenant stability score of 75 indicates potential fluctuations in occupancy, which could lead to revenue variability of up to 5-15% during economic downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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