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 includes direct access to two independent balconies, enhancing outdoor living with views over the marsh and the castle, ideal for relaxation and dining. Condition Notes: The property showcases modern design elements and high-quality finishes, particularly in the kitchen and bathrooms, ensuring a comfortable living experience.
The valuation. The asking price of €295,000 is significantly below the fair value of €425,649, indicating the property is underpriced by €130,649, or 44.3%. This presents an attractive opportunity for potential investors. Buy-to-flip angle. By investing in renovations to enhance the property’s appeal, a strategic resale can capitalize on the current market conditions, aiming for a profitable exit at a higher price point. Buy-to-let angle. With a gross yield of 4.1% and estimated rental income of €1,008 per month, this property offers a strong return potential through long-term leasing, especially in a tourism-centric area like 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 €343,440 (€2,862/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. Full condition report →
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. Full location report →
rua do Celeiro, 10
Area baseline €343,440 + 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.
Long-term rental The property is appealing for long-term rental given its competitive price of €295,000 compared to a fair value of €425,649, creating a significant 44.3% gap. With a gross yield of 4.1%, this investment offers a solid return in a tourist-centric economy where demand for housing is consistently high. Short-term vacation rental The current listing price reflects a compelling opportunity for short-term vacation rentals, as it sits at €295,000 while the fair value is €425,649, indicating a 44.3% discrepancy. The property’s location in Vila Real de Santo António further enhances its attractiveness to tourists, promising robust booking potential and occupancy rates. Buy-and-hold Acquiring this property for a buy-and-hold strategy is supported by its price of €295,000 against a fair value of €425,649, resulting in a significant 44.3% upside potential. The steady demand from both long-term and short-term renters in the Algarve region ensures sustained income and capital appreciation over time.
Economic Vulnerability Both the economic stability score of 55 and tenant stability score of 60 indicate a moderate risk of instability, suggesting potential challenges in maintaining consistent rental income.
