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, 1-bathroom apartment of 78 m², built in 1992, energy rating D. Located Canelas parish, Vila Nova de Gaia municipality, Porto district. This renovated apartment features a private balcony with direct access from the living room, and boasts built-in wardrobes for maximized storage in the bedrooms.
The valuation. The asking price of €269,500 is above the fair value of €248,211 by €21,289 (8.6%), indicating that this property is fairly priced. The healthy renovation suggests it maintains attractiveness amid the market’s competitive landscape.
Fair value modelled at €248,211 from 6 comparable sales in the area. Asking €269,500 sits €21,289 (8.6%) above — overpriced versus fair value.
Asking €269,500 versus the Canelas, Vila Nova de Gaia, Porto area baseline of €210,571 (€2,700/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €210,571, adjusted for condition and micro-location, gives a modelled fair value of €248,211 (€3,182/m²), a €21,289 (8.6%) gap versus the €269,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canelas · 9af6a2 | Subject | €269,500 | €3,455 | — | 88 | 71 |
| rua Calouste Gulbenkian | Active | €240,000 | €2,609 | 24.5% | 64 | 75 |
| rua Manuel Moreira da Costa Júnior, 553 | Active | €230,000 | €3,710 | 7.4% | 70 | 73 |
| Gulpilhares e Valadares · 6a9202 | Active | €222,000 | €4,440 | 28.5% | 70 | 73 |
| parque da Lavandeira | Active | €215,000 | €2,722 | 21.2% | 60 | 70 |
| Median comp | €226,000 | €3,216 | 6.9% | 67 | 73 |
Long-term rental The property in Canelas, with a fair value of €248,211 and a listing price of €269,500, presents a slight premium of 8.6% that could limit rental yield opportunities. Therefore, while it can serve as a stable long-term rental option, the current pricing constraints may affect overall profitability. Buy-and-hold Considering the fair valuation at €248,211, this property is listed at €269,500, indicating an 8.6% gap that makes it less ideal for a buy-and-hold strategy in the current market. Although its condition and neighbourhood ratings are decent, the potential for appreciation is curtailed by the property's valuation. Family rental The property is positioned fairly at €269,500, which is 8.6% above its fair market value of €248,211, suggesting a potential challenge in attracting family renters at this price point. It remains a suitable option due to the decent neighbourhood amenities, yet the pricing may deter some prospective family tenants.
Economic Downturn Risk A potential economic downturn could adversely affect tenant stability, as the property has a tenant stability score of only 60/100, indicating a weaker market for retaining reliable tenants during economic fluctuations.
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