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 127 m² on the 1st floor, built in 2000, energy rating D. Located on rua da Bélgica, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment includes a fireplace in the living room, enhancing its coziness, and offers excellent storage with a pantry in the kitchen for added convenience.
The valuation. The asking price of €320,000 sits €65,047 (25.5%) above the fair value of €254,953. This property is clearly overpriced, which may deter potential buyers looking for value.
Fair value modelled at €254,953 from 6 comparable sales in the area. Asking €320,000 sits €65,047 (25.5%) above — overpriced versus fair value.
Asking €320,000 versus the rua da Bélgica area baseline of €288,857 (€2,274/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €288,857, adjusted for condition and micro-location, gives a modelled fair value of €254,953 (€2,008/m²), a €65,047 (25.5%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Bélgica | Subject | €320,000 | €2,520 | — | 55 | 75 |
| rua de Raimundo de Carvalho, 159 | Active | €420,000 | €1,680 | 33.3% | 55 | 67 |
| rua António Rodrigues da Rocha | Active | €270,000 | €1,971 | 21.8% | 70 | 75 |
| Canidelo · 833eed | Active | €239,000 | €2,173 | 13.8% | 65 | 73 |
| rua das Taipas, 1 | Active | €295,000 | €2,107 | 16.4% | — | 72 |
| Median comp | €282,500 | €2,039 | 19.1% | 65 | 73 |
Long-term rental The property is priced at €320,000, significantly above its fair value of €254,953, which makes it less attractive for long-term rental investors. With a gross yield of only 3.9%, investors may find better opportunities in the current market. Family rental While the 2-bed apartment could cater to families, the listing price of €320,000 exceeds the fair value, limiting the potential for positive cash flow. A more competitive price point would make this property a viable option for family rentals in the area. Buy-and-hold Investing in this property as a buy-and-hold strategy is challenging due to its overpricing at €320,000 compared to the fair value of €254,953. Maintaining a strong hold in the property is complicated by the inadequate return on investment suggested by a 3.9% gross yield.
Tenant turnover risk High tenant turnover could result in increased vacancy periods, impacting rental income considering both the economic and tenant stability scores are at a modest 75/100.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
