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 house of 51 m², built in 1991, energy rating E. Located on caminho Rego da Fonte, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Proximity to Canidelo Beach: This property, located just 125 meters from the shoreline, offers significant potential for rental income, particularly as a vacation home in a desirable coastal area.
The valuation. The asking price of €289,000 is significantly above the fair value of €232,062, representing a €56,938 (24.5%) premium. This indicates the property is overpriced and may not attract serious buyers. Buy-to-flip angle. A resale strategy could target the local market by making minor renovations to enhance appeal, allowing for a potential profit margin. However, given the current valuation, substantial gains seem unlikely without significant investment. Buy-to-let angle. The estimated rental income of approximately €891/month offers a gross yield of 3.7%. This yield, while modest, can provide steady cash flow, particularly in a suburban area like Canidelo, known for good employment opportunities.
Fair value modelled at €232,062 from 6 comparable sales in the area. Asking €289,000 sits €56,938 (24.5%) above — overpriced versus fair value.
Asking €289,000 versus the caminho Rego da Fonte area baseline of €259,493 (€5,088/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 54/100 is below the parish average, reducing 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 €259,493, adjusted for condition and micro-location, gives a modelled fair value of €232,062 (€4,550/m²), a €56,938 (24.5%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| caminho Rego da Fonte | Subject | €289,000 | €5,667 | — | 60 | 71 |
| rua Nova da Junqueira | Active | €360,000 | €2,250 | 60.3% | — | 69 |
| rua Doutor Paulo Marcelino | Active | €240,000 | €4,364 | 23.0% | — | 81 |
| rua Mocidade da Arrábida | Active | €270,000 | €4,737 | 16.4% | 40 | 80 |
| rua António dos Santos, 25 | Active | €350,000 | €4,861 | 14.2% | 62 | 68 |
| Median comp | €310,000 | €4,551 | 19.7% | 51 | 75 |
Long-term rental The current listing price of €289,000 exceeds the fair value by 24.5%, rendering this property overpriced and less appealing for long-term rental investment. With a gross yield of only 3.7%, the potential returns are diminished compared to better-valued options in the area. Buy-and-hold Investing in this property as a buy-and-hold strategy is not recommended due to its overpriced valuation at €289,000, which is significantly above the fair value of €232,062. The less-than-ideal condition score of 54/100 further indicates potential maintenance challenges, reducing long-term profitability. Family rental While the property may attract families due to its suburban characteristics and safety, the high listing price of €289,000 compared to the fair value signals an overpriced investment that could deter potential renters. The 3.7% gross yield suggests inadequate income for the price being asked, making it less attractive as a family rental option.
Inconsistent Tenant Reliability The tenant stability score of 65/100 indicates a potential risk of higher turnover rates, which could lead to increased vacancies and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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