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 120 m², built in 2007, energy rating A+. Located on rua do Celeiro, 10, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment boasts two independent balconies with direct access from the living room and kitchen, providing stunning views over the marsh and sunset-lit evenings. Price Verdict: Fair
The valuation. The asking price of €295,000 is €58,864 below the fair value of €353,864, representing a discount of 20.0%. This makes the property an attractive investment opportunity in the current market. Buy-to-flip angle. The potential for a buy-to-flip strategy is viable, as renovations can add value, enhancing resale appeal in this tourist-centric region. With the current fair value significantly higher, a profitable flip is achievable. Buy-to-let angle. A buy-to-let strategy offers a gross yield of 4.1%, translating to an estimated rental income of approximately €1,008/month. The property’s quality finish and location support strong demand for long-term rentals in Vila Real de Santo António.
Fair value modelled at €353,864 from the area baseline, adjusted for condition and location. Asking €295,000 sits €58,864 (20.0%) below — the upside to fair value.
Asking €295,000 versus the rua do Celeiro, 10 area baseline of €339,720 (€2,831/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 75 · Materials 78 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 61/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua do Celeiro, 10
Area baseline €339,720 + condition -€4,688 + location +€15,111 = modelled fair value of €353,864 (€2,949/m²), a €58,864 (20.0%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Celeiro, 10 | Subject | €295,000 | €2,458 | — | 75 | 61 |
| rua Dom Francisco de Almeida | Active | €575,000 | €6,765 | 175.2% | 76 | 58 |
| Monte Gordo · 6fbc67 | Active | €997,500 | €6,196 | 152.0% | 85 | 64 |
| Vila Real de Santo António · 6f40dd | Active | €290,000 | €3,085 | 25.5% | 75 | 60 |
| rua B | Active | €340,000 | €3,036 | 23.5% | 70 | 58 |
| Median comp | €457,500 | €4,641 | 88.8% | 76 | 59 |
Long-term rental This 3-bed apartment in Vila Real de Santo António presents a compelling opportunity for long-term rental, given its favorable gap of 20.0% between the listing price and fair value, translating to a solid investment in a tourism-centric economy. With a gross yield of 4.1%, the property promises to attract consistent rental income, appealing to both residents and expatriates seeking housing in the Algarve. Short-term vacation rental Vila Real de Santo António’s strong tourist influence enhances the potential of this property as a short-term vacation rental, supported by its subvalorizada status against fair market value. The apartment's location within a popular tourist destination, along with its appealing size, makes it an attractive option for vacationers, thereby maximizing occupancy and revenue prospects. Buy-and-hold As a buy-and-hold investment, this apartment is strategically positioned to benefit from long-term appreciation in a growing market, especially given its current subvalorizada listing. Investors can leverage the solid yield combined with potential value appreciation as the local economy continues to thrive from tourism activity in the Algarve. Not ideal for student housing This property is less suited for student housing due to the demographic and lifestyle preferences of the neighborhood, which cater more to longer-term tenants or tourists. Its current condition and neighborhood ratings suggest it would not attract student clientele effectively, limiting rental potential in that sector. Not ideal for luxury market With a property condition rating of 73/100 and a neighborhood score of 61/100, this apartment does not align with the expectations of the luxury market. Such characteristics may deter high-end buyers or renters, making this property a better fit for the mid-tier rental market instead.
Economic Vulnerability The property faces economic risks due to a low economic stability score of 55/100, potentially impacting tenant demand and rental income.
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