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, 1-bathroom apartment of 85 m², built in 1985, energy rating D. Located Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment includes a closed outdoor laundry area and access to a private garden space, enhancing outdoor functionality in a serene residential setting.
The valuation. The asking price of €259,000 is significantly above the fair value of €204,323, representing an overpricing of €54,677 (26.8%). This discrepancy suggests a cautious approach for potential investors seeking genuine value.
Fair value modelled at €204,323 from 6 comparable sales in the area. Asking €259,000 sits €54,677 (26.8%) above — overpriced versus fair value.
Asking €259,000 versus the Canidelo, Vila Nova de Gaia, Porto area baseline of €262,688 (€3,090/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 €262,688, adjusted for condition and micro-location, gives a modelled fair value of €204,323 (€2,404/m²), a €54,677 (26.8%) gap versus the €259,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canidelo · 38b73b | Subject | €259,000 | €3,047 | — | 60 | 71 |
| rua José Monteiro de Castro Portugal | Active | €265,000 | €1,803 | 40.8% | 70 | 73 |
| rua de Bustes, 842 | Active | €270,000 | €3,034 | 0.4% | — | 75 |
| Santa Marinha e São Pedro da Afurada · 1e60d2 | Active | €170,000 | €2,429 | 20.3% | — | 70 |
| Canidelo · 3d98e4 | Active | €215,000 | €2,829 | 7.2% | 72 | 74 |
| Median comp | €240,000 | €2,629 | 13.7% | 71 | 74 |
Long-term rental The property presents a gross yield of 5.5%, which is relatively attractive in the current market; however, this yield is overshadowed by a significant 26.8% gap above its fair value, indicating it may be financially imprudent to pursue as a long-term rental. Investors should consider the impact of the property’s condition rating of 63/100 and the potential for increased operational costs. Buy-and-hold While the location near Porto might initially suggest growth potential for a buy-and-hold strategy, the €259,000 listing price reflects a 26.8% premium over its fair value, limiting upside potential for capital appreciation. The current condition and neighbourhood ratings further complicate its viability as a long-term investment, diminishing the appeal of a buy-and-hold approach. Family rental Despite strong neighborhood characteristics, with a rating of 71/100 suggesting a decent living environment, the property is overpriced with a 26.8% gap versus its fair value at €204,323. This excessive pricing could deter potential tenant interest from families seeking affordable and reasonable rental options in Vila Nova de Gaia.
Tenant turnover risk High tenant turnover may occur due to the 70/100 Tenant Stability score, potentially leading to increased vacancy rates and higher leasing costs.
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