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 103 m² on the 2nd floor, built in 2003, energy rating E. Located on rua Ville Langon S / N, Canelas parish, Vila Nova de Gaia municipality, Porto district. The apartment features high-quality dark tile flooring and granite countertops, enhancing its modern aesthetic and appeal in a well-renovated living space.
The asking price of €295,000 is significantly above our estimated fair value of €227,000, indicating that this property is overpriced with a downside of €68,000, equating to 23.0% compared to the asking price. The estimated gross yield stands at 5%, reflecting potential rental income before costs and vacancy.
The asking price is above the fair value. We assess the property's fair value using a combination of two models: the Transaction model, based on 96 recorded sale prices in Canelas, which accounts for 55%, and the Adjusted asking-price model, using current listings and adjusted prices, at 45%. Conservative adjustments were made for area and estimated costs for needed repairs, leading to a fair value estimate of €227,000, which is 11.8% below the central estimate of €258,000. The asking price of €295,000 is 23.0% higher than the fair value, indicating a significant gap of €68,000. Confidence in this assessment is high.
Gross yield 5.1% (before costs)
No specific strategy stands out for this property.
Investors should consider that the asking price of €295,000 for this 2-bed apartment is significantly above its fair value of €227,000, indicating a 23.0% downside risk. The property is in average condition, rated 78/100, and is located in a neighborhood with a lower score of 50/100, which should be weighed against the investment potential in this area.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has low economic and tenant stability scores of 50/100, which indicates a potential struggle to maintain occupancy and rental income stability.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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