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, 0-bathroom apartment of 170 m². Located Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: The apartment is situated within a luxury gated community offering exclusive amenities such as a 52 m² terrace and three dedicated parking spaces for residents' convenience.
The valuation. The asking price of €1,100,000 is €371,429 (51.0%) above the fair value of €728,571, signaling a significant overvaluation compared to the market standards for a property in this suburban area of Greater Porto. Buy-to-flip angle. The buy-to-flip strategy is not feasible in this scenario, given the substantial overvaluation and the potential difficulty in achieving a profitable resale. A more competitive pricing strategy would be essential for any quick turnover. Buy-to-let angle. With a projected monthly rental income of €1,650, the gross yield stands at a mere 1.8%, making this investment less attractive for long-term rental, especially considering the property's high initial cost and poor condition.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canidelo · 33bc5c | Subject | €1,100,000 | €6,471 | — | — | 70 |
| Santa Marinha e São Pedro da Afurada · 49b664 | Active | €210,000 | €4,286 | 33.8% | 60 | 70 |
| avenida Aliados, 127 | Active | €210,000 | €4,286 | 33.8% | 60 | 72 |
| Mafamude e Vilar do Paraíso · 1f350c | Active | €285,000 | €4,071 | 37.1% | 65 | 71 |
| rua do Capitão Leitão | Active | €290,000 | €3,412 | 47.3% | 65 | 72 |
| Median comp | €247,500 | €4,179 | 35.4% | 63 | 72 |
Long-term rental The 3-bed apartment in Canidelo is overpriced at €1,100,000 compared to its fair value of €728,571, indicating a significant gap of 51.0%. Furthermore, with a yield of only 1.8% gross, this investment lacks the financial appeal typically desired for a long-term rental strategy. Buy-and-hold As the market presents the apartment at €1,100,000, which exceeds its fair value by 51.0%, holding this asset is unlikely to yield desirable returns in the current economic environment. The low condition score of 0/100 combined with limited appreciation potential diminishes the attractiveness of this buy-and-hold strategy. Family rental The high asking price of €1,100,000 versus the fair value of €728,571 suggests that the property is overpriced for a family rental market. This investment, with a gross yield of 1.8%, does not provide the necessary financial incentives that families typically seek in rental properties.
Economic Vulnerability: With an economic stability score of 75/100 and a tenant stability score of 65/100, there's a heightened risk of fluctuating demand, potentially leading to increased vacancy rates.
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