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 132 m², built in 1979, energy rating D. Located on rua Doutor Sousa Martins, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Remarkable Feature: The apartment includes balconies off both the bedrooms and kitchen, providing ample natural light and outdoor space for relaxation or dining. Valuation Verdict: Fair
The valuation. The asking price of €240,000 is significantly below the fair value of €369,799, presenting an opportunity for investors as it is underpriced by €129,799 (54.1%).
Fair value modelled at €369,799 from the area baseline, adjusted for condition and location. Asking €240,000 sits €129,799 (54.1%) below — the upside to fair value.
Asking €240,000 versus the rua Doutor Sousa Martins area baseline of €352,044 (€2,667/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 66 · Materials 65 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 57/100 (Housing Market 50 · Amenities 60 · Economic 45 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Doutor Sousa Martins
Area baseline €352,044 + condition -€18,563 + location +€10,578 = modelled fair value of €369,799 (€2,802/m²), a €129,799 (54.1%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Sousa Martins | Subject | €240,000 | €1,818 | — | 66 | 57 |
| rua do Sapal | Active | €279,900 | €2,043 | 12.4% | — | 57 |
| avenida Ministro Duarte Pacheco | Active | €195,000 | €2,746 | 51.1% | 60 | 52 |
| rua 25 de Abril, 38 | Active | €290,000 | €2,132 | 17.3% | 65 | 62 |
| Vila Real de Santo António · 90d91a | Active | €225,000 | €2,744 | 50.9% | — | 53 |
| Median comp | €252,450 | €2,438 | 34.1% | 63 | 55 |
Long-term rental The property offers a solid gross yield of 4.7%, making it an attractive investment option in a location with stable demand due to its proximity to the Algarve. While the neighbourhood has a moderate score of 57/100, the significant gap of 54.1% against fair value suggests strong potential for appreciation. Short-term vacation rental Given its location near the Algarve and an appealing size of 132m², this apartment could capitalize on the growing demand for short-term vacation rentals. The 54.1% gap from fair value reinforces the potential for generating attractive rental income in a tourism-driven market. Not ideal for student housing The rural characteristics of Vila Real de Santo António limit employment opportunities and school access, making the property unsuitable for student housing. This strategic focus on other rental avenues is essential for maximizing investment performance.
Tenant turnover risk With a tenant stability score of 65/100, there is a moderate risk of tenant turnover affecting rental income, especially combined with the low economic stability score of 45/100.
