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, 4-bathroom house of 231 m², energy rating B. Located on rua Primeiro de Maio, 23, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. This property features a private outdoor area with a jacuzzi, ideal for relaxation and entertaining, seamlessly bridging indoor comfort with outdoor living.
The valuation. The asking price of €680,000 sits €13,238 (1.9%) below the fair value of €693,238, indicating that the property is underpriced in the current market. This creates a valuable opportunity for potential investors or homeowners.
Fair value modelled at €693,238 from the area baseline, adjusted for condition and location. Asking €680,000 sits €13,238 (1.9%) below — the upside to fair value.
Asking €680,000 versus the rua Primeiro de Maio, 23 area baseline of €661,122 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 80 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 53/100 (Housing Market 50 · Amenities 60 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Primeiro de Maio, 23
Area baseline €661,122 + condition +€24,183 + location +€7,933 = modelled fair value of €693,238 (€3,001/m²), a €13,238 (1.9%) gap versus the €680,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Primeiro de Maio, 23 | Subject | €680,000 | €2,944 | — | 80 | 53 |
| Monte Gordo · 023bd9 | Active | €675,000 | €3,375 | 14.7% | 75 | 67 |
| rua Almirante Cândido dos Reis | Active | €595,000 | €8,264 | 180.7% | 78 | 52 |
| rua Almirante Cândido dos Reis | Active | €595,000 | €8,264 | 180.7% | 80 | 53 |
| Vila Real de Santo António · 9373a0 | Active | €499,000 | €2,483 | 15.7% | 68 | 53 |
| Median comp | €595,000 | €5,820 | 97.7% | 77 | 53 |
Long-term rental This property is a strong candidate for long-term rental due to its competitive gross yield of 4.1% and being slightly below fair value at €680,000 compared to the fair value of €693,238. Additionally, with an 82/100 condition rating, the property can attract reliable tenants seeking stable housing despite the neighbourhood's average rating of 53/100. Buy-and-hold Investing in this property aligns with a buy-and-hold strategy, especially considering its valuation at €680,000, which is just 1.9% below the fair value of €693,238. The combination of decent gross yield and solid condition promises potential appreciation over time, despite the challenges posed by the rural surroundings and seasonal employment. Family rental This property is well-suited for family rental, leveraging its spacious 231m² layout and good condition rating of 82/100 while being listed slightly below its fair value. The location's proximity to Algarve tourist areas offers families access to amenities despite the average neighbourhood score of 53/100, making it an attractive option for long-term residents.
Economic vulnerability The economic stability score of 45/100 indicates a potential risk of economic downturns impacting the property's value and tenant retention.
