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 124 m², energy rating E. Located Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment includes a sunroom that provides morning light and is conveniently located just 250 meters from the vibrant Praça Marquês de Pombal.
The valuation. The asking price of €229,000 sits significantly below the fair value of €338,720, representing an opportunity valued at €109,720 or 47.9%. Verdict: underpriced. Buy-to-flip angle. The plan is to renovate the dated finishes, enhancing the apartment's appeal for resale at a higher price, capitalizing on a popular location. Buy-to-let angle. With an estimated rental income of €916/month, the property offers a gross yield of 4.8%, making it an attractive option for long-term rental, particularly in the tourist-heavy Algarve region.
Fair value modelled at €338,720 from the area baseline, adjusted for condition and location. Asking €229,000 sits €109,720 (47.9%) below — the upside to fair value.
Asking €229,000 versus the Vila Real de Santo António, Vila Real de Santo António, Faro area baseline of €354,020 (€2,855/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 54/100 (Condition 58 · Materials 52 · Room dimensions 57). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 67/100 (Housing Market 70 · Amenities 70 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Vila Real de Santo António, Vila Real de Santo António, Faro
Area baseline €354,020 + condition -€40,300 + location +€24,132 = modelled fair value of €338,720 (€2,732/m²), a €109,720 (47.9%) gap versus the €229,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vila Real de Santo António · 38977b | Subject | €229,000 | €1,847 | — | 58 | 67 |
| Vila Real de Santo António · dee5b2 | Active | €180,000 | €2,647 | 43.3% | 65 | 56 |
| rua do Sapal | Active | €279,900 | €2,043 | 10.6% | — | 57 |
| urbanização Monte Fino, 12C | Active | €300,000 | €2,459 | 33.2% | 62 | 56 |
| avenida Ministro Duarte Pacheco | Active | €195,000 | €2,746 | 48.7% | 60 | 52 |
| Median comp | €237,450 | €2,553 | 38.2% | 62 | 56 |
Short-term vacation rental The property presents an attractive opportunity for short-term vacation rental due to its location in a popular Algarve destination, which positively impacts housing demand. With a gross yield of 4.8% and a significant gap of 47.9% from fair value, the potential for rental income is compelling in the tourism-driven market. Long-term rental Investing in this 2-bed apartment for long-term rental is promising, as it provides a financial return reflecting its desirable neighborhood score of 67/100. Given the local demand for housing tied to seasonal employment in the tourism industry, this investment stands to generate stable rental income over time. Buy-and-hold A buy-and-hold approach to this property is advantageous, considering its fair value of €338,720 compared to the listing price of €229,000, which indicates a notable investment opportunity. The combination of a solid gross yield of 4.8% and the strong potential for appreciation in a sought-after location makes this a smart long-term strategy.
Economic Vulnerability The property faces a risk due to its economic stability score of 60/100, indicating potential fluctuations in market conditions that could affect its 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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