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 82 m², built in 1999, energy rating E. Located Canelas parish, Vila Nova de Gaia municipality, Porto district. This apartment offers a cozy fireplace in the spacious living area, enhancing its charm, while the two balconies allow for abundant natural light and outdoor relaxation.
The valuation. The asking price of €265,000 is significantly above fair value, which stands at €224,552, resulting in an €40,448 (18.0%) overpricing. This discrepancy indicates that the property is overpriced. Buy-to-flip angle. A resale strategy for this apartment could target a quick flip, capitalizing on potential cosmetic upgrades to attract buyers willing to pay a premium. Given the location, a resale might aim for a price exceeding €300,000 post-renovation. Buy-to-let angle. Implementing a rental income strategy could yield approximately €861 per month, resulting in a gross yield of 3.9%. The suburban characteristics coupled with urban access make the apartment appealing to long-term tenants.
Fair value modelled at €224,552 from 6 comparable sales in the area. Asking €265,000 sits €40,448 (18.0%) above — overpriced versus fair value.
Asking €265,000 versus the Canelas, Vila Nova de Gaia, Porto area baseline of €203,184 (€2,478/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €203,184, adjusted for condition and micro-location, gives a modelled fair value of €224,552 (€2,738/m²), a €40,448 (18.0%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canelas · 89e765 | Subject | €265,000 | €3,232 | — | 70 | 70 |
| Canelas · ba5b72 | Active | €270,000 | €5,294 | 63.8% | 72 | 74 |
| Mafamude e Vilar do Paraíso · 6a927f | Active | €298,000 | €2,811 | 13.0% | 75 | 68 |
| Canelas · 23f261 | Active | €260,000 | €1,871 | 42.1% | 72 | 72 |
| Vilar de Andorinho · f363dc | Active | €300,000 | €2,586 | 20.0% | 67 | 67 |
| Median comp | €284,000 | €2,699 | 16.5% | 72 | 70 |
Long-term rental The property’s current valuation of €265,000 reflects an 18% premium over the fair value of €224,552, indicating it is overpriced. With a gross yield of 3.9%, investors might find more attractive rental opportunities elsewhere in the market. Family rental Valued at €265,000, this apartment exceeds its fair value by 18%, suggesting it is overpriced despite its potential appeal to families seeking suburban living. The neighborhood's low crime rate and decent amenities may attract tenant interest, but the price may deter long-term commitments. Buy-and-hold At a listing price of €265,000, the apartment is 18% above its fair value of €224,552, rendering it overpriced as a buy-and-hold investment. While the suburban location has potential for appreciation, the current price point limits the investment's attractiveness in the long term.
Economic Vulnerability The property's moderate economic stability score of 65/100 indicates potential exposure to economic downturns, which might affect tenant retention and 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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