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, 2-bathroom apartment of 81 m², built in 2006. Located Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy features: The apartment includes a balcony that offers a view of the vibrant shopping street, enhancing its appeal with abundant natural light throughout the day.
The valuation. The asking price of €279,000 is significantly above the fair value of €219,545, making it overpriced by €59,455 (21.3%). This indicates that potential investors may need to negotiate downwards to achieve alignment with true market value.
Fair value modelled at €219,545 from the area baseline, adjusted for condition and location. Asking €279,000 sits €59,455 (21.3%) above — overpriced versus fair value.
Asking €279,000 versus the Vila Real de Santo António, Vila Real de Santo António, Faro area baseline of €229,311 (€2,831/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 62 · Materials 70 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 50/100 (Housing Market 60 · Amenities 50 · Economic 40 · Tenant Quality 50). Strong amenities and housing-market momentum support a premium to baseline.
Vila Real de Santo António, Vila Real de Santo António, Faro
Area baseline €229,311 + condition -€12,277 + location +€0 = modelled fair value of €219,545 (€2,710/m²), a €59,455 (21.3%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vila Real de Santo António · 6fb7fe | Subject | €279,000 | €3,444 | — | 62 | 50 |
| Monte Gordo · b7b54f | Active | €420,000 | €4,330 | 25.7% | 69 | 53 |
| praça Marquês de Pombal | Active | €280,000 | €3,944 | 14.5% | 65 | 53 |
| Vila Real de Santo António · f365f2 | Active | €299,000 | €3,833 | 11.3% | 70 | 55 |
| Monte Gordo · 41ff9a | Active | €295,000 | €3,073 | 10.8% | 67 | 55 |
| Median comp | €297,000 | €3,889 | 12.9% | 68 | 54 |
Long-term rental The current listing price of €279,000 represents a 21.3% gap above the fair value of €219,545, indicating that the property is overpriced. Additionally, with a gross yield of only 3.4% and a neighborhood rating of 50/100, this investment may not provide the desired returns for long-term rental purposes. Short-term vacation rental Given the seasonal tourism impact of the Algarve region, one might consider the potential for short-term vacation rental income; however, the property’s 21.3% overpricing compared to its fair value diminishes its attractiveness. Furthermore, the condition score of 65/100 and the neighborhood rating of 50/100 suggest that this property may struggle to compete effectively in the short-term rental market at the current price point.
Low Demand Risk: With an economic stability score of 40/100 and a tenant stability score of 50/100, the property may struggle to attract and retain tenants due to unstable market conditions, potentially leading to higher vacancy rates and reduced rental income.
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