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 116 m², built in 2000, energy rating F. Located Canelas parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment includes a fireplace in the living room and the unique option to create an open-plan living space with the kitchen, enhancing its overall appeal.
The valuation. The asking price of €265,000 is significantly above the fair value of €100,408, resulting in an overvaluation of €164,592 (62.1%). Given this price disparity, the property is considered overpriced.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canelas · 23f51a | Subject | €265,000 | €2,284 | — | — | 74 |
| Vilar de Andorinho · b45303 | Active | €262,000 | €2,495 | 9.2% | 60 | 70 |
| praceta São Tiago | Active | €259,000 | €3,047 | 33.4% | 70 | 78 |
| Mafamude e Vilar do Paraíso · 82c66f | Active | €257,500 | €2,711 | 18.6% | 65 | 75 |
| rua Aureliano Lima | Active | €295,000 | €2,634 | 15.3% | 60 | 71 |
| Median comp | €260,500 | €2,673 | 17.0% | 63 | 73 |
Long-term rental The 2-bed apartment in Canelas is overpriced at €265,000 with a significant gap of 62.1% compared to its fair value of €100,408. With a gross yield of only 3.5%, this strategy may not offer the best return on investment given the property's current valuation. Family rental Investing in this apartment as a family rental is not advisable, as it is overpriced at €265,000, which is 62.1% above the fair value of €100,408. The low yield of 3.5% further emphasizes that pursuing a family rental strategy may not yield favorable financial returns. Buy-and-hold This property in Canelas is overpriced, listed at €265,000, which is a substantial 62.1% above its fair value of €100,408. The 3.5% gross yield indicates that a buy-and-hold strategy could lead to suboptimal performance in the current market conditions.
Tenant turnover risk With a tenant stability score of 70/100, there is a significant risk of tenant turnover which could lead to increased vacancy rates and potential loss of rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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