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 146 m², built in 2006, energy rating D. Located Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment boasts two spacious terraces, one with grass, ideal for outdoor relaxation and entertainment, while also offering remarkable solar exposure for abundant natural light.
The valuation. The asking price of €392,000 is significantly above the fair value of €330,427, overpricing the property by €61,573 (18.6%). This indicates a notable deviation from what the property is realistically worth. Buy-to-flip angle. A buy-to-flip strategy could be pursued by upgrading basic fixtures and improving overall aesthetics to enhance appeal. Quick renovations could potentially allow for a lucrative resale at a higher price point soon after purchase. Buy-to-let angle. With an estimated rental income of €1,960 per month, this property offers a gross yield of 6%. The family rental strategy could yield steady cash flow given the good proximity to amenities and schools, making it desirable for tenants.
Fair value modelled at €330,427 from 6 comparable sales in the area. Asking €392,000 sits €61,573 (18.6%) above — overpriced versus fair value.
Asking €392,000 versus the Canidelo, Vila Nova de Gaia, Porto area baseline of €441,893 (€3,027/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 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 €441,893, adjusted for condition and micro-location, gives a modelled fair value of €330,427 (€2,263/m²), a €61,573 (18.6%) gap versus the €392,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canidelo · 828fd1 | Subject | €392,000 | €2,685 | — | 60 | 71 |
| Mafamude e Vilar do Paraíso · 9386aa | Active | €390,000 | €2,393 | 10.9% | 75 | 72 |
| Santa Marinha e São Pedro da Afurada · ba59fa | Active | €335,000 | €2,134 | 20.5% | 65 | 71 |
| rua Gramoínhos S / N | Active | €350,000 | €2,108 | 21.5% | 70 | 74 |
| rua das Oliveiras | Active | €385,000 | €1,390 | 48.2% | — | 70 |
| Median comp | €367,500 | €2,121 | 21.0% | 70 | 72 |
Long-term rental Investing in this property for long-term rental is not advisable due to its 18.6% gap from fair value, indicating an overpriced status. With a gross yield of 6% and ratings of 64 and 71 for condition and neighborhood respectively, the potential returns may not justify the initial investment at this price. Family rental While the property may appeal to families because of its size and suburban amenities, the substantial overrated price renders it less attractive as a family rental investment. The quality of the neighborhood and local schools are positives, but the 18.6% difference from fair value suggests a lack of potential for capital appreciation. Buy-and-hold As a buy-and-hold investment, this property does not present a compelling opportunity given its current overpriced valuation compared to fair market value. While the ability to earn a gross yield of 6% is noteworthy, the significant gap from fair value implies that future returns may be limited, risking a stagnation in growth.
Economic and Tenant Instability The property faces a moderate risk due to its economic stability score of 70/100 and tenant stability score of 70/100, indicating potential fluctuations in income and occupancy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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