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 155 m² on the 2nd floor, built in 1991, energy rating D. Located Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Feature: This apartment's living room features a cozy fireplace, enhancing the ambiance while providing functional warmth, complemented by expansive sea views from multiple balconies.
The valuation. The asking price of €484,900 is significantly higher than the fair value of €376,736, exceeding it by €108,164 (28.7%). This property is overpriced based on current market analysis.
Fair value modelled at €376,736 from 6 comparable sales in the area. Asking €484,900 sits €108,164 (28.7%) above — overpriced versus fair value.
Asking €484,900 versus the Canidelo, Vila Nova de Gaia, Porto area baseline of €356,576 (€2,300/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €356,576, adjusted for condition and micro-location, gives a modelled fair value of €376,736 (€2,431/m²), a €108,164 (28.7%) gap versus the €484,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canidelo · 3a71e6 | Subject | €484,900 | €3,128 | — | 73 | 67 |
| rua Padre Brito | Active | €450,000 | €1,837 | 41.3% | 72 | 70 |
| rua do Fojo, 83 | Active | €365,000 | €2,281 | 27.1% | 70 | 69 |
| rua José de Almada Negreiros, 177 | Active | €265,000 | €2,454 | 21.6% | 70 | 68 |
| rua José de Almada Negreiros, 109 | Active | €260,000 | €2,407 | 23.0% | 70 | 61 |
| Median comp | €315,000 | €2,344 | 25.1% | 70 | 69 |
Long-term rental The 3-bed apartment in Canidelo, Vila Nova de Gaia is currently overpriced at €484,900, significantly exceeding its fair value of €376,736 by 28.7%. This inflated pricing may deter potential long-term tenants seeking affordable housing options, thereby impacting rental demand. Family rental With a gross yield of 5.3%, the apartment is not positioned as a competitive option for families, given its overpricing relative to fair market value. The suburban location combined with a moderate neighbourhood score of 67/100 suggests that families may seek better value elsewhere. Buy-and-hold Investing in this property as a buy-and-hold strategy poses risks due to its 28.7% divergence from fair value, indicating a lack of capital appreciation potential. The suboptimal condition rating of 76/100 further highlights the challenges in maintaining value over the long term. Not ideal for short-term rental The property’s suburban location and high listing price make it unsuitable for short-term rental opportunities, which typically require competitive pricing. Consumers in this market segment often favor lower-cost alternatives, reducing potential occupancy rates. Not ideal for luxury market Given its pricing profile, the apartment does not fit well within the luxury market, as the fair value indicates a more moderate property appeal. The surrounding amenities and neighbourhood rating further reinforce its unsuitability for high-end buyers or renters. Not ideal for student housing The inflated asking price makes this property less attractive for student housing, where affordability is critical for demand. With its family-oriented features and suburban location, the apartment lacks the appeal necessary to draw in the student demographic.
Moderate Economic and Tenant Risk Given both the economic stability and tenant stability scores of 65/100, there is a moderate risk associated with possible fluctuations in rental income and tenant turnover rates that may impact overall profitability.
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