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 92 m² on the 5th floor, built in 2000, energy rating D. Located on rua de Bustes, Canidelo parish, Vila Nova de Gaia municipality, Porto district. This apartment's strategic location near Canidelo beach and the Douro Estuary boardwalk enhances its appeal, complementing its modern amenities with vibrant outdoor lifestyle opportunities.
The valuation. The asking price of €270,800 is significantly above its fair value of €223,824, representing a premium of €46,976 (21.0%). This property is considered overpriced in the current market.
Fair value modelled at €223,824 from 6 comparable sales in the area. Asking €270,800 sits €46,976 (21.0%) above — overpriced versus fair value.
Asking €270,800 versus the rua de Bustes area baseline of €192,952 (€2,097/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 above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €192,952, adjusted for condition and micro-location, gives a modelled fair value of €223,824 (€2,433/m²), a €46,976 (21.0%) gap versus the €270,800 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Bustes | Subject | €270,800 | €2,943 | — | 75 | 76 |
| avenida dos Descobrimentos | Active | €295,000 | €2,458 | 16.5% | 75 | 81 |
| rua Doutor Narciso Rodrigues | Active | €317,500 | €2,581 | 12.3% | 78 | 73 |
| rua José de Almada Negreiros, 109 | Active | €260,000 | €2,407 | 18.2% | 70 | 61 |
| rua Diogo Macedo | Active | €295,000 | €2,305 | 21.7% | 68 | 81 |
| Median comp | €295,000 | €2,433 | 17.4% | 73 | 77 |
Long-term rental This property is overpriced compared to the fair value, indicating that long-term rental yields may not provide a sufficient return on investment. Additionally, with a gross yield of only 4.1%, the potential returns do not adequately compensate for the purchase price. Family rental Although the property scores reasonably well on housing and amenities, its overpriced listing at €270,800 creates a significant financial barrier for family rentals. The high price point diminishes the attractiveness for families seeking affordable and quality housing in the area. Value-add renovation The listing price significantly exceeds the fair market value, making it less appealing for a value-add renovation strategy. Any investment in renovations may not be justified by the current market conditions and inflated purchase price, limiting potential profitability. Not ideal for: Luxury market, Short-term rental, Student housing.
Potential Economic Volatility The scores of 75/100 for both economic and tenant stability indicate a medium level of risk, suggesting that fluctuations in the economy or tenant turnover could impact rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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