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 128 m² on the 1st floor, built in 2003, energy rating B. Located on rua Nova dos Chãos Vermelhos, 34, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Property Features: The apartment boasts three balconies that provide exceptional outdoor spaces and stunning sea views, along with a heat recovery system for energy efficiency in all seasons.
The valuation. The asking price of €350,000 is significantly above the fair value of €311,676, indicating it is overpriced by €38,324 (12.3%). This suggests that potential buyers might need to negotiate aggressively to find a more reasonable price.
Fair value modelled at €311,676 from 6 comparable sales in the area. Asking €350,000 sits €38,324 (12.3%) above — overpriced versus fair value.
Asking €350,000 versus the rua Nova dos Chãos Vermelhos, 34 area baseline of €414,190 (€3,236/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 is below the parish average, reducing 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 €414,190, adjusted for condition and micro-location, gives a modelled fair value of €311,676 (€2,435/m²), a €38,324 (12.3%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nova dos Chãos Vermelhos, 34 | Subject | €350,000 | €2,734 | — | 65 | 63 |
| Canidelo · ba3ed8 | Active | €334,000 | €2,456 | 10.2% | 65 | 72 |
| rua Oliveiras, 44 | Active | €309,000 | €2,414 | 11.7% | 74 | 66 |
| rua Chavinha, 185 | Active | €299,900 | €2,272 | 16.9% | 70 | 76 |
| rua da Bélgica | Active | €380,000 | €1,845 | 32.5% | 74 | 73 |
| Median comp | €321,500 | €2,343 | 14.3% | 72 | 73 |
Family rental The property is overpriced at €350,000 compared to a fair value of €311,676, resulting in a gap of 12.3%. Given the moderate condition and neighborhood ratings, it may deter potential families seeking value, impacting rental demand negatively. Long-term rental With a gross yield of 5.8%, this investment appears unappealing considering the property is overpriced. The suburban feel and proximity to Porto may offer some long-term potential, but current pricing limits overall profitability. Buy-and-hold Although the mixed urban-suburban context might be favorable for future appreciation, the current price of €350,000 is above its fair value. Holding this asset could lead to long-term capital losses if the property doesn't appreciate in line with expectations due to its overpriced nature.
Economic Sensitivity The property has a relatively low economic stability score of 60/100, indicating vulnerability to market fluctuations that could impact value and occupancy rates.
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