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, 3-bathroom house of 72 m², built in 1989, energy rating A. Located on rua Almirante Cândido dos Reis, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. This house, revered as the former headquarters of a political party, features original architectural elements, including preserved window shutters and a ceramic staircase wall that enhance its historic charm.
The valuation. The asking price of €595,000 significantly exceeds the fair value of €213,338 by €381,662, or 64.1%. This property is considered overpriced, which may deter potential buyers.
Fair value modelled at €213,338 from the area baseline, adjusted for condition and location. Asking €595,000 sits €381,662 (64.1%) above — overpriced versus fair value.
Asking €595,000 versus the rua Almirante Cândido dos Reis area baseline of €206,064 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 78 · Materials 82 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 52/100 (Housing Market 50 · Amenities 60 · Economic 45 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
rua Almirante Cândido dos Reis
Area baseline €206,064 + condition +€5,625 + location +€1,649 = modelled fair value of €213,338 (€2,963/m²), a €381,662 (64.1%) gap versus the €595,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Almirante Cândido dos Reis | Subject | €595,000 | €8,264 | — | 78 | 52 |
| rua Almirante Cândido dos Reis | Active | €595,000 | €8,264 | 0% | 80 | 53 |
| Vila Real de Santo António · 0900cf | Active | €650,000 | €6,250 | 24.4% | 77 | 56 |
| Monte Gordo · 023bd9 | Active | €675,000 | €3,375 | 59.2% | 75 | 67 |
| rua Primeiro de Maio, 23 | Active | €680,000 | €2,944 | 64.4% | 80 | 53 |
| Median comp | €662,500 | €4,813 | 41.8% | 79 | 55 |
Short-term vacation rental The property in Vila Real de Santo António is overpriced by 64.1%, presenting a significant challenge for anyone looking to capitalize on short-term vacation rentals, especially given its 0% gross yield. With the neighbourhood rating at 52/100, the limited year-round economic activity hampers the potential for consistent rental income. Value-add renovation Investing in value-add renovations for this property is untenable as it is grossly overpriced at €595,000 compared to the fair value of €213,338. Given the current condition rating of 80/100, there are opportunities for improvement, but the substantial initial investment may not yield a satisfactory return in this subpar economic environment.
Tenant turnover risk: The tenant stability score of 55/100 indicates a potential for higher turnover, which may lead to increased vacancy and leasing costs.
