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, 2-bathroom apartment of 126 m² on the 1st floor, built in 2004, energy rating B. Located on rua da Bélgica, Canidelo parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: This apartment boasts a stone fireplace and modern integrated appliances, enhancing its cozy ambiance and elevating everyday convenience in a highly sought-after location. Price Valuation: Fair
The valuation. The asking price of €345,000 is €6,874 (2.0%) above the fair value of €338,126, indicating that the property is fairly priced within the local market context.
Fair value modelled at €338,126 from 6 comparable sales in the area. Asking €345,000 sits €6,874 (2.0%) above — overpriced versus fair value.
Asking €345,000 versus the rua da Bélgica area baseline of €316,389 (€2,511/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €316,389, adjusted for condition and micro-location, gives a modelled fair value of €338,126 (€2,684/m²), a €6,874 (2.0%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Bélgica | Subject | €345,000 | €2,738 | — | 82 | 74 |
| rua Chavinha, 185 | Active | €299,900 | €2,272 | 17.0% | 70 | 76 |
| rua Fábrica da Lã, 116 | Active | €319,000 | €3,097 | 13.1% | 72 | 73 |
| rua da Bélgica | Active | €380,000 | €1,845 | 32.6% | 74 | 73 |
| rua Oliveiras, 44 | Active | €309,000 | €2,414 | 11.8% | 74 | 66 |
| Median comp | €314,000 | €2,343 | 14.4% | 73 | 73 |
Long-term rental This property offers a gross yield of 4.6%, making it appropriate for long-term rental strategies. With a fair value of €338,126 sitting just 2.0% below the listing price, it presents a stable investment option in a well-connected suburban area near Porto. Family rental Given its size and proximity to amenities, this apartment is well-suited for family rentals. Although there is a minor gap of 2.0% to fair value, it remains a reasonable choice for families seeking long-term housing in a suburban locale. Buy-and-hold As a buy-and-hold investment, the property benefits from a stable gross yield of 4.6%, indicating potential for steady rental income. While the listing price stands at €345,000, which is just above the fair value, its suburban location near Porto supports long-term appreciation potential.
Tenant turnover risk High tenant stability score of 80/100 indicates less frequent turnover, but the economic stability score of 70/100 suggests potential challenges in the local economy, which could impact tenant retention and lead to increased vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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