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 116 m² on the 3rd floor, built in 2020, energy rating A. Located on avenida Afonso de Albuquerque, 240, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment includes a substantial 64 m² balcony designed for outdoor living, enhancing its appeal as a luxurious waterfront home in a vibrant district.
The valuation. The asking price of €760,000 exceeds the fair value of €599,543 by €160,457 (26.8%), indicating the property is overpriced. Buy-to-flip angle. With significant renovations or staging, the property could attract higher offers in a competitive market. Buy-to-let angle. Featuring a gross yield of 5%, the potential rental income is estimated at €3,167 per month, making it suitable for long-term family rentals in a suburban Porto location.
Fair value modelled at €599,543 from 6 comparable sales in the area. Asking €760,000 sits €160,457 (26.8%) above — overpriced versus fair value.
Asking €760,000 versus the avenida Afonso de Albuquerque, 240 area baseline of €513,340 (€4,425/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €513,340, adjusted for condition and micro-location, gives a modelled fair value of €599,543 (€5,168/m²), a €160,457 (26.8%) gap versus the €760,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Afonso de Albuquerque, 240 | Subject | €760,000 | €6,552 | — | 87 | 80 |
| rua de Bartolomeu Velho | Active | €895,000 | €5,491 | 16.2% | 79 | 70 |
| Canidelo · 8314c4 | Active | €575,000 | €4,713 | 28.1% | 80 | 65 |
| Canidelo · cc9b22 | Active | €930,000 | €7,209 | 10.0% | 85 | 67 |
| Santa Marinha e São Pedro da Afurada · bf27b5 | Active | €630,000 | €4,846 | 26.0% | 78 | 72 |
| Median comp | €762,500 | €5,169 | 21.1% | 80 | 69 |
Long-term rental The property at €760,000 is overpriced by 26.8% compared to its fair value of €599,543, resulting in diminished long-term rental viability. With a gross yield of only 5% and a relatively decent condition score of 85/100, its excessive price may limit tenant interest in this suburban Porto location. Family rental Given its valuation at €760,000, significantly above its fair value of €599,543, the property appears to be less attractive for family rental purposes. Although it has a good condition score of 85/100 and suitable neighborhood amenities, the 26.8% gap from fair value could deter potential families searching for value. Buy-and-hold The investment thesis for a buy-and-hold strategy is weakened as the property is overpriced at €760,000, well above its fair value of €599,543. The high price, coupled with only a 5% gross yield, suggests limited appreciation potential in the competitive Porto market.
Tenant turnover risk Higher tenant turnover could be a concern given the tenant stability score of 75/100, indicating potential challenges in maintaining consistent rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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