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.
3-bedroom, 3-bathroom apartment of 113 m², energy rating E. Located Canelas parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: The apartment includes two balconies that provide unobstructed views and enhance natural ventilation, plus a dedicated garage fostering convenience in urban living.
The valuation. The asking price of €290,000 is very close to the fair value of €293,621, indicating it sits just below fair value by €3,621 (1.2%). Verdict: fair.
Fair value modelled at €293,621 from 6 comparable sales in the area. Asking €290,000 sits €3,621 (1.2%) below — the upside to fair value.
Asking €290,000 versus the Canelas, Vila Nova de Gaia, Porto area baseline of €239,297 (€2,118/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 €239,297, adjusted for condition and micro-location, gives a modelled fair value of €293,621 (€2,598/m²), a €3,621 (1.2%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canelas · 627013 | Subject | €290,000 | €2,566 | — | 74 | 72 |
| rua António Ferreira Fiandor, 117 | Active | €398,000 | €2,803 | 9.2% | 70 | 74 |
| Vilar de Andorinho · f363dc | Active | €300,000 | €2,586 | 0.8% | 67 | 67 |
| Gulpilhares e Valadares · da4651 | Active | €320,000 | €3,168 | 23.5% | 72 | 76 |
| Vilar de Andorinho · 1f369b | Active | €275,000 | €2,391 | 6.8% | 70 | 73 |
| Median comp | €310,000 | €2,695 | 5.0% | 70 | 74 |
Long-term rental The 3-bed apartment in Canelas presents a fair investment opportunity, providing a gross yield of 4% in an area that shows stable demand for long-term tenants. With a fair value closely aligned to its listing price, this investment represents consistent revenue potential over the long haul. Family rental Targeting families, this property is located in a suburban setting with typical Portuguese amenities, making it attractive to tenant demographics seeking quality living environments. Its condition rating of 75/100 further enhances its appeal to families who prioritize comfort and livability. Buy-and-hold Holding this apartment could yield steady returns, with the fair market condition suggesting minimal immediate risk. The area's proximity to Porto helps solidify its desirability, making it a sound selection for steady capital appreciation over time.
Potential economic downturn The economic stability score of 75/100 indicates that there is a moderate risk of economic fluctuations that could impact property values and tenant occupancy rates negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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