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 66 m² on the 4th floor, energy rating B. Located on rua da Fitela, 16, Canidelo parish, Vila Nova de Gaia municipality, Porto district. This apartment features a charming balcony with a direct sea view, enhancing both its aesthetic appeal and outdoor living potential.
The valuation. The asking price of €287,000 is below the fair value of €321,527, representing a discount of €34,527 (10.7%). This indicates the property is underpriced, presenting a potential opportunity for buyers.
Fair value modelled at €321,527 from 6 comparable sales in the area. Asking €287,000 sits €34,527 (10.7%) below — the upside to fair value.
Asking €287,000 versus the rua da Fitela, 16 area baseline of €321,610 (€4,873/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €321,610, adjusted for condition and micro-location, gives a modelled fair value of €321,527 (€4,872/m²), a €34,527 (10.7%) gap versus the €287,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Fitela, 16 | Subject | €287,000 | €4,348 | — | 75 | 72 |
| Canidelo · 6c779d | Active | €260,000 | €3,467 | 20.3% | 78 | 70 |
| Lordelo do Ouro e Massarelos · 956a9f | Active | €900,000 | €7,826 | 80.0% | 78 | 76 |
| Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e Vitória · 261ecf | Active | €239,000 | €6,289 | 44.6% | 75 | 82 |
| rua da Fitela | Active | €300,000 | €3,659 | 15.9% | 82 | 72 |
| Median comp | €280,000 | €4,974 | 14.4% | 78 | 74 |
Long-term rental The 1-bed apartment in Canidelo shows promise as a long-term rental investment, especially given its fair value of €321,527 compared to the listing price of €287,000, indicating it is underpriced by 10.7%. With a gross yield of 3.1% and moderate demand due to proximity to Porto, this property can generate stable income over time. Family rental Ideal for family rentals, this apartment benefits from its reasonable condition rating of 77/100 and a neighborhood score of 72/100, making it attractive for families looking for a suburban setting. The property's listing price reflects a 10.7% underpricing against its fair value, underscoring its potential for steady rental returns. Buy-and-hold Investing in this property as a buy-and-hold strategy is advantageous due to its subvaluation by 10.7%, compared to the market's fair value. The combination of a 3.1% yield and the stability associated with the neighborhood's amenities and proximity to Porto further enhances its long-term investment appeal.
Tenant turnover risk There is a risk of increased tenant turnover due to a tenant stability score of 70/100, which may lead to potential vacancies and reduced 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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