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.
10-bedroom, 1-bathroom palace of 280 m², built in 1960, energy rating F. Located on rua da Bélgica, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This property has extensive land potential for development, allowing for additional housing units or tourist accommodations due to its prime location and size.
The valuation. The asking price of €1,600,000 sits significantly above the fair value of €1,074,986, representing an overpricing of €525,014 (48.8%). This property is not aligned with market expectations based on its current condition.
Fair value modelled at €1,074,986 from 4 comparable sales in the area. Asking €1,600,000 sits €525,014 (48.8%) above — overpriced versus fair value.
Asking €1,600,000 versus the rua da Bélgica area baseline of €1,363,521 (€4,870/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 25/100 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 €1,363,521, adjusted for condition and micro-location, gives a modelled fair value of €1,074,986 (€3,839/m²), a €525,014 (48.8%) 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 | — | 22 | 80 |
| Aldoar, Foz Do Douro e Nevogilde · 0dcf46 | Active | €2,400,000 | €5,882 | 2.9% | — | 71 |
| rua das Condominhas, 50 | Active | €370,000 | €1,796 | 68.6% | 20 | 79 |
| Aldoar, Foz Do Douro e Nevogilde · dee44b | Active | €2,100,000 | €5,949 | 4.1% | — | 74 |
| Canidelo · 024234 | Active | €650,000 | €765 | 86.6% | — | 65 |
| Median comp | €1,375,000 | €3,839 | 32.8% | 20 | 73 |
Family rental The 10-bed palace in Canidelo, priced at €1,600,000, is significantly above its fair value of €1,074,986, reflecting a 48.8% gap that makes it overpriced for family rental purposes. With a gross yield of 0% and a condition rating of only 25/100, this property is unlikely to attract families looking for suitable long-term housing options. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable, as its current listing price of €1,600,000 exceeds the fair value of €1,074,986 by 48.8%, indicating it is overpriced. The lack of yield and poor condition further suggest that this investment may not appreciate in value adequately over time. Long-term rental With a fair value of only €1,074,986, the 10-bed palace listed at €1,600,000 is overpriced by 48.8%, which diminishes its attractiveness for long-term rental strategies. Furthermore, a gross yield of 0% and a low condition rating do not support the viability of generating rental income in the long run.
Economic downturn risk A potential economic downturn could impact the economic stability score of 80, leading to a higher likelihood of tenant vacancies and reduced 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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