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 110 m² on the 2nd floor, energy rating D. Located on rua Volfrâmio, 103, Canelas parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: The apartment features new insulation work valued at approximately €10,000, enhancing energy efficiency and comfort, while the first-floor location provides easy accessibility with a sea view.
The valuation. The asking price of €320,000 is significantly below the fair value of €397,581, representing an opportunity of €77,581 (19.5%). This property is clearly subpriced in the current market.
Fair value modelled at €397,581 from 6 comparable sales in the area. Asking €320,000 sits €77,581 (19.5%) below — the upside to fair value.
Asking €320,000 versus the rua Volfrâmio, 103 area baseline of €337,157 (€3,065/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 €337,157, adjusted for condition and micro-location, gives a modelled fair value of €397,581 (€3,614/m²), a €77,581 (19.5%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Volfrâmio, 103 | Subject | €320,000 | €2,909 | — | 73 | 71 |
| rua Antero Quental | Active | €267,000 | €2,753 | 5.4% | 65 | 73 |
| rua Diogo de Silves, 18 | Active | €299,500 | €3,565 | 22.6% | 78 | 76 |
| rua Luís de Camões, 173 | Active | €655,000 | €6,616 | 127.4% | 75 | 72 |
| Vilar de Andorinho · a79d98 | Active | €235,000 | €3,672 | 26.2% | 73 | 75 |
| Median comp | €283,250 | €3,619 | 24.4% | 74 | 74 |
Long-term rental This 2-bed apartment in Canelas presents an appealing opportunity for long-term rental, as it is currently priced €77,581 below its fair value of €397,581, marking a significant potential appreciation. With a gross yield of 3.1% and a solid neighborhood rating of 71/100, this property can offer steady income and decent tenant quality. Buy-and-hold Acquiring this apartment as a buy-and-hold investment aligns well with its current market standing, being 19.5% below fair value, setting a promising foundation for future equity growth. Given the condition rating of 75/100, it is likely to attract stable tenants, maintaining occupancy and profitability over time. Family rental This apartment is well-suited for family rentals, as it features ample space and is subvalued by €77,581 compared to its fair market value, enhancing its appeal to prospective long-term tenants. With an overall neighborhood score of 71/100, families can benefit from a balanced urban-suburban lifestyle while enjoying a solid investment return.
Tenant Stability Risk With both economic and tenant stability scores at 70/100, there is a moderate risk of fluctuations in rental income due to potential tenant turnover or economic downturns affecting payment reliability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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