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, 0-bathroom house of 200 m², built in 1989. Located on rua Boque, 53, Canidelo parish, Vila Nova de Gaia municipality, Porto district. This property comes with an expired approved project for the construction of 11 T1 apartments or 9 T3 apartments, showcasing substantial development potential in a desirable urban location.
The valuation. The asking price of €270,000 is significantly below the fair value of €349,890, representing a discount of €79,890 (22.8%). This property is clearly underpriced in the current market. Buy-to-flip angle. This property can be targeted for a quick resale strategy following cosmetic renovations to enhance appeal and potentially increase its value significantly within a short timeframe. Buy-to-let angle. The estimated gross rental income of €1,755 per month results in a robust yield of 7.8%, making it an attractive option for long-term rental, particularly for families drawn to the mixed neighborhood of Canidelo.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Boque, 53 | Subject | €270,000 | €1,350 | — | — | 82 |
| rua da Arrábida, 195-199E | Active | €930,000 | €2,241 | 66.0% | — | 71 |
| rua de São Bartolomeu | Active | €260,000 | €2,031 | 50.5% | — | 76 |
| Santa Marinha e São Pedro da Afurada · ba3d6f | Active | €320,000 | €1,240 | 8.1% | 30 | 68 |
| rua da Soenga, 72 | Active | €240,000 | €1,176 | 12.9% | — | 70 |
| Median comp | €290,000 | €1,636 | 21.1% | 30 | 71 |
Long-term rental The property in Canidelo, Vila Nova de Gaia offers a compelling gross yield of 7.8%, indicating strong potential for consistent rental income in the long-term rental market. With a fair value gap of 22.8%, this investment is subpriced, making it an attractive opportunity for landlords seeking stability in a well-rated neighborhood. Family rental Ideal for family rental, this 3-bed house benefits from its proximity to educational facilities and a neighborhood quality rating of 82/100. The current listing price is 22.8% below fair value, suggesting potential for strong interest from families looking for spacious accommodations in a safe, suburban environment. Buy-and-hold Investors looking for a buy-and-hold strategy will find this property appealing due to its 7.8% gross yield and the 22.8% gap from fair value. The robust neighborhood ratings and suburban characteristics further enhance long-term appreciation prospects, making this a prudent investment decision.
Economic volatility risk The economic stability score of 80 indicates that while the economy is relatively strong, there is still a 20% potential for downturns that could impact tenant demand and 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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