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 74 m² on the 1st floor, built in 1997, energy rating D. Located on rua Canelas de Baixo, 113, Canelas parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment features dual aspect front views, enhancing natural light and providing airy living spaces, alongside a well-integrated laundry area within the kitchen layout.
The valuation. The asking price of €220,000 is significantly higher than the fair value of €140,709, representing a disparity of €79,291, or 36.0%. The property is therefore considered overpriced.
Fair value modelled at €140,709 from the area baseline, adjusted for condition and location. Asking €220,000 sits €79,291 (36.0%) above — overpriced versus fair value.
Asking €220,000 versus the rua Canelas de Baixo, 113 area baseline of €165,686 (€2,239/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 73 · Materials 65 · 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 Canelas de Baixo, 113
Area baseline €165,686 + condition -€7,862 + location +€11,005 = modelled fair value of €140,709 (€1,901/m²), a €79,291 (36.0%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Canelas de Baixo, 113 | Subject | €220,000 | €2,973 | — | 73 | 70 |
| Pedroso e Seixezelo · 0dcba2 | Active | €165,000 | €3,587 | 20.7% | 65 | 75 |
| rua Heróis do Ultramar, 682 | Active | €225,000 | €3,261 | 9.7% | 60 | 71 |
| Vilar de Andorinho · 82c6f5 | Active | €255,000 | €2,772 | 6.8% | 70 | 64 |
| Vilar de Andorinho · 99f3af | Active | €262,000 | €3,275 | 10.2% | — | 72 |
| Median comp | €240,000 | €3,268 | 9.9% | 65 | 72 |
Long-term rental The 1-bed apartment in Canelas is overpriced at €220,000, which is 36.0% above its fair value of €140,709. With a gross yield of only 3.6%, this investment lacks the financial potential to attract long-term renters in a competitive market. Family rental While this apartment is located in a suburban area with decent access to amenities, the price of €220,000 is excessive compared to its fair value of €140,709. The property’s 3.6% yield suggests that it may not meet the expectations of families looking for a cost-effective rental option. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable, given that it is overpriced at €220,000—36.0% higher than the fair value of €140,709. The modest gross yield of 3.6% indicates limited appreciation potential in the long term, undermining its attractiveness for buy-and-hold investors.
Tenant turnover risk: With a tenant stability score of 60/100, there is a heightened risk of vacancies which could impact cash flow and property value.
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