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.
6-bedroom, 1-bathroom palace of 280 m², built in 1890, energy rating F. Located on rua da Bélgica, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This palace features expansive gardens ideal for development, alongside its proximity to local attractions and natural reserves that enhance potential for tourism investment.
The valuation. The asking price of €1,600,000 is above the fair value of €1,498,872 by €101,128 (6.7%). This property is fairly valued based on current market conditions.
Fair value modelled at €1,498,872 from 4 comparable sales in the area. Asking €1,600,000 sits €101,128 (6.7%) above — overpriced versus fair value.
Asking €1,600,000 versus the rua da Bélgica area baseline of €1,822,352 (€6,508/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 22/100 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 €1,822,352, adjusted for condition and micro-location, gives a modelled fair value of €1,498,872 (€5,353/m²), a €101,128 (6.7%) gap versus the €1,600,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Bélgica | Subject | €1,600,000 | €5,714 | — | 18 | 71 |
| rua do Aleixo | Active | €1,190,000 | €3,469 | 39.3% | — | 78 |
| Aldoar, Foz Do Douro e Nevogilde · 6c785b | Active | €2,200,000 | €7,237 | 26.6% | — | 76 |
| rua Soares de Passos | Active | €7,000,000 | €9,358 | 63.8% | 35 | 73 |
| Canidelo · 467e89 | Active | €460,000 | €2,754 | 51.8% | 40 | 79 |
| Median comp | €1,695,000 | €5,353 | 6.3% | 38 | 77 |
Long-term rental The 6-bed palace in Canidelo, priced at €1,600,000, is close to Porto, benefiting from good employment opportunities, making it a reasonable option for long-term rentals, despite the 2.1% gross yield. Given the property’s condition score of 22/100, a tenant may require considerable renovations, impacting overall investment returns. Family rental With a family-friendly neighborhood score of 71/100, this property can appeal to family renters seeking space and proximity to Porto's employment options. However, the fair value of €1,498,872 indicates it is not a solid investment as the market shows demand but is currently fairly priced relative to yield and condition. Buy-and-hold Investors looking at a buy-and-hold strategy may benefit from the property’s location in a safe area, but the 6.7% gap from its fair value pricing suggests that there are limited opportunities for significant capital appreciation at current pricing levels. The property’s relatively low condition score necessitates attention and could further dilute financial returns if not addressed over time.
Tenant turnover risk The tenant stability score of 70/100 indicates a potential risk of increased turnover, which could lead to higher vacancy rates and additional costs for re-leasing the property.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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