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 135 m² on the 3rd floor, built in 2000, energy rating C. Located Canelas parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Feature: The apartment includes a balcony that spans the entire front, enhancing outdoor living space and providing seamless access from the living area., Additional Context: Ideally situated near public transport and local commerce, ensuring convenience for residents.
The valuation. The asking price of €325,000 sits below the fair value of €391,142 by €66,142 (16.9%). This property is thus considered underpriced, presenting a compelling entry point for investors seeking value in the current market.
Fair value modelled at €391,142 from 6 comparable sales in the area. Asking €325,000 sits €66,142 (16.9%) below — the upside to fair value.
Asking €325,000 versus the Canelas, Vila Nova de Gaia, Porto area baseline of €321,140 (€2,379/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €321,140, adjusted for condition and micro-location, gives a modelled fair value of €391,142 (€2,897/m²), a €66,142 (16.9%) gap versus the €325,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canelas · 4a4277 | Subject | €325,000 | €2,407 | — | 74 | 65 |
| rua Heróis do Ultramar | Active | €350,000 | €2,692 | 11.8% | 75 | 70 |
| rua Florbela Espanca | Active | €289,500 | €3,016 | 25.3% | 70 | 76 |
| rua António Rodrigues Rocha, 322 | Active | €285,000 | €3,065 | 27.3% | 76 | 80 |
| rua Bernardino Costa | Active | €239,000 | €2,779 | 15.4% | 75 | 71 |
| Median comp | €287,250 | €2,898 | 20.4% | 75 | 74 |
Long-term rental The 2-bed apartment in Canelas is currently underpriced by 16.9% compared to its fair value of €391,142, making it a compelling option for long-term renting. Given the stable employment opportunities in Porto, this property is likely to attract reliable tenants, supporting steady cash flow. Family rental This apartment's size and proximity to Porto make it an excellent candidate for family rentals, appealing to those seeking suburban living with easy access to the city. Its fair value reflects potential for family-oriented amenities in the neighborhood, enhancing its desirability for long-term family tenants. Buy-and-hold Acquiring this property for a buy-and-hold strategy is attractive due to its current valuation being below the market fair value, with noteworthy price appreciation expected over time. The strong suburban housing demand driven by Porto's job market further solidifies this investment's potential for long-term capital gains.
Tenant turnover risk The tenant stability score of 60/100 indicates a higher likelihood of tenant turnover, which could lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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