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 105 m² on the 2nd floor, built in 2001, energy rating C. Located on rua Nova do Sobreiro, 399, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy features: The apartment is just 500 meters from Canidelo Beach, offering a lifestyle enriched by coastal boardwalks and green spaces ideal for outdoor activities.
The valuation. The asking price of €300,000 exceeds the fair value of €256,597 by €43,403, representing a 16.9% premium. This suggests that the property is overpriced and does not present a compelling investment opportunity.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nova do Sobreiro, 399 | Subject | €300,000 | €2,857 | — | — | 72 |
| rua de Chouselas S / N | Active | €345,000 | €3,136 | 9.8% | 72 | 73 |
| rua Areias do Cabedelo | Active | €290,000 | €1,946 | 31.9% | 75 | 66 |
| Santa Marinha e São Pedro da Afurada · 6c77fa | Active | €356,900 | €2,478 | 13.3% | — | 82 |
| rua de Bustes | Active | €270,800 | €2,943 | 3.0% | 75 | 76 |
| Median comp | €317,500 | €2,711 | 5.1% | 75 | 75 |
Long-term rental The 2-bed apartment in Canidelo is not positioned as an ideal long-term rental investment due to its 16.9% gap versus fair value, indicating it is overpriced at €300,000. With a gross yield of 4.8% and a condition score of 0/100, potential rental income may not justify the high acquisition cost. Family rental While there is a demand for family rental properties in the Porto metropolitan area, this apartment's price point being 16.9% above fair value suggests that it is overpriced for families seeking value. The modest yield of 4.8% further complicates its attractiveness, paired with a poor property condition score. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is less appealing because it is priced at €300,000, which is 16.9% above its fair value, leading to significant overpricing risks. The low condition rating and modest yield of 4.8% indicate that long-term appreciation may be hindered by current market dynamics.
Economic and Tenant Stability Risk The property has a moderate economic stability score of 70/100 and a tenant stability score of 70/100, indicating potential vulnerabilities in rental income consistency and market dynamics that could affect investment returns.
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