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 95 m², built in 2007, energy rating B. Located on caminho do Espinheiro, 66, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This rare ground floor apartment boasts a spacious south-facing sunny terrace of approximately 45 m², providing an exceptional outdoor living space in a family-friendly neighborhood.
The valuation. The asking price of €365,000 is significantly above the fair value of €286,664, making it overpriced by €78,336 (27.3%). This discrepancy indicates a cautionary approach for potential investors.
Fair value modelled at €286,664 from 6 comparable sales in the area. Asking €365,000 sits €78,336 (27.3%) above — overpriced versus fair value.
Asking €365,000 versus the caminho do Espinheiro, 66 area baseline of €268,009 (€2,821/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €268,009, adjusted for condition and micro-location, gives a modelled fair value of €286,664 (€3,018/m²), a €78,336 (27.3%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| caminho do Espinheiro, 66 | Subject | €365,000 | €3,842 | — | 73 | 73 |
| rua Padre Manuel Romero Vila, 63 | Active | €299,900 | €2,940 | 23.5% | 73 | 73 |
| rua Telhado S / N | Active | €425,000 | €2,760 | 28.2% | 78 | 72 |
| rua Barreiro | Active | €359,000 | €3,095 | 19.4% | 77 | 70 |
| rua Grémio da Prosperidade | Active | €375,000 | €2,586 | 32.7% | 77 | 73 |
| Median comp | €367,000 | €2,850 | 25.8% | 77 | 73 |
Long-term rental The 2-bed apartment in Canidelo is currently overpriced by 27.3%, with a fair value of €286,664 compared to the listing price of €365,000. With a gross yield of only 3.2%, the investment does not provide a compelling case for long-term rental profitability. Family rental Given the apartment's condition rating of 78/100 and the neighborhood score of 73/100, this property does attract some family appeal; however, the 27.3% gap from fair value indicates that it is overpriced. Families might find better value opportunities elsewhere in the Vila Nova de Gaia region. Buy-and-hold With a fair value significantly lower than the asking price, the buy-and-hold strategy is hindered as the 2-bed apartment in Canidelo is priced at €365,000, which is 27.3% above its fair value. The projected yield of 3.2% does not justify this higher entry cost, suggesting that capital appreciation may struggle to keep pace with the initial investment outlay.
Economic Vulnerability The property could face challenges during economic downturns, as indicated by a moderate economic stability score of 75/100, which suggests potential fluctuations in income and demand. Instabilidade económica A propriedade pode enfrentar desafios durante recessões económicas, uma vez que a pontuação de estabilidade económica moderada de 75/100 sugere potenciais flutuações na receita e na procura.
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