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, 1-bathroom apartment of 83 m², energy rating C. Located Canelas parish, Vila Nova de Gaia municipality, Porto district. Noteworthy Features: The apartment benefits from a heat recovery system, enhancing energy efficiency, and is located in a family-oriented condominium with extensive gardens and recreational facilities for residents.
The valuation. The asking price of €234,900 is significantly higher than the fair value of €161,735, indicating it is overpriced by €73,165 (31.1%). This disconnect suggests potential challenges for resale and investment returns.
Fair value modelled at €161,735 from the area baseline, adjusted for condition and location. Asking €234,900 sits €73,165 (31.1%) above — overpriced versus fair value.
Asking €234,900 versus the Canelas, Vila Nova de Gaia, Porto area baseline of €185,837 (€2,239/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 78 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 61/100 (Housing Market 65 · Amenities 60 · Economic 70 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Canelas, Vila Nova de Gaia, Porto
Area baseline €185,837 + condition +€648 + location +€6,789 = modelled fair value of €161,735 (€1,949/m²), a €73,165 (31.1%) gap versus the €234,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canelas · 389360 | Subject | €234,900 | €2,830 | — | 72 | 61 |
| Gulpilhares e Valadares · 4bc306 | Active | €259,000 | €3,083 | 8.9% | 75 | 72 |
| rua do Atleta, 79 | Active | €298,500 | €2,898 | 2.4% | 80 | 62 |
| Canelas · ba588b | Active | €269,000 | €2,135 | 24.6% | 72 | 73 |
| Canelas · 6fbbc0 | Active | €269,000 | €2,135 | 24.6% | 80 | 74 |
| Median comp | €269,000 | €2,517 | 11.1% | 78 | 73 |
Long-term rental The 2-bedroom apartment in Canelas is overpriced at €234,900, which is significantly above its fair value of €161,735. With a gross yield of only 4.6%, the returns do not justify the investment in the current market conditions. Buy-and-hold Investing in this apartment for the long term appears less appealing as it is priced 31.1% above fair value, indicating a potential loss in value over time. Given the current condition rating of 76, coupled with a less-than-ideal neighborhood score of 61, holding this property could present more challenges than benefits. Family rental The family rental market may not be ideal for this apartment, given its overpriced status at €234,900 compared to the €161,735 fair value. The neighborhood's amenities and tenant quality are average, questioning the attractiveness to potential family renters. Not ideal for: Luxury market, Student housing, Short-term vacation rental
[Tenant Default Risk] With a tenant stability score of only 55/100, there is a significant risk of tenant turnover or default, which could adversely affect cash flow and profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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