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 133 m² on the 1st floor, built in 2000, energy rating D. Located Canelas parish, Vila Nova de Gaia municipality, Porto district. This property includes two balconies that enhance outdoor living space, and a pantry that offers additional storage beyond the built-in wardrobes.
The valuation. The asking price of €289,900 is significantly below the fair value of €363,451, showing a discrepancy of €73,551 (20.2%). This property is currently subpriced and offers a strong investment opportunity.
Fair value modelled at €363,451 from 6 comparable sales in the area. Asking €289,900 sits €73,551 (20.2%) below — the upside to fair value.
Asking €289,900 versus the Canelas, Vila Nova de Gaia, Porto area baseline of €307,014 (€2,308/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €307,014, adjusted for condition and micro-location, gives a modelled fair value of €363,451 (€2,733/m²), a €73,551 (20.2%) gap versus the €289,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canelas · b32bd1 | Subject | €289,900 | €2,180 | — | 75 | 69 |
| Mafamude e Vilar do Paraíso · 8933cc | Active | €299,000 | €2,694 | 23.6% | 70 | 71 |
| Vilar de Andorinho · 82c6f5 | Active | €255,000 | €2,772 | 27.2% | 70 | 64 |
| rua Palmeira, 193 | Active | €265,000 | €2,650 | 21.6% | 74 | 67 |
| Gulpilhares e Valadares · da4651 | Active | €320,000 | €3,168 | 45.4% | 72 | 76 |
| Median comp | €282,000 | €2,733 | 25.4% | 71 | 69 |
Long-term rental The property at €289,900 presents a 20.2% gap compared to its fair value of €363,451, indicating a solid opportunity for rental income that exceeds the local market benchmarks. The gross yield of 3.7% suggests a reliable return on investment in a neighbourhood with decent tenant quality and accessibility to Greater Porto's amenities. Buy-and-hold Acquiring this 2-bed apartment as a buy-and-hold investment is compelling due to its subvalued status and projection for appreciation in a burgeoning area like Vila Nova de Gaia. The balance of a 3.7% gross yield coupled with a fair value significantly above the listing price supports long-term capital growth. Family rental Positioned within a safe suburban environment, this apartment could be an attractive option for family rentals, supported by the apartment's size and local amenities. Its pricing being 20.2% below fair value enhances its appeal to families looking for quality housing at a competitive rate.
Economic Vulnerability The property may face challenges due to the economic stability score of 70/100, indicating potential fluctuations in income stability for tenants. Instabilidade Económica A propriedade pode enfrentar desafios devido à classificação de estabilidade económica de 70/100, indicando potenciais flutuações na estabilidade do rendimento para os inquilinos.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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