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 property’s unique historical significance as the former headquarters of a political party adds a rich narrative, complemented by exclusive decorative items reflecting its authentic past.
The valuation. The property is listed at €595,000, significantly above the fair value of €211,912, resulting in an overpriced status of €383,088 or 64.4%. This discrepancy suggests potential investment risks.
Fair value modelled at €211,912 from the area baseline, adjusted for condition and location. Asking €595,000 sits €383,088 (64.4%) 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 78/100 (Condition 80 · Materials 75 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 53/100 (Housing Market 45 · Amenities 60 · Economic 35 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Almirante Cândido dos Reis
Area baseline €206,064 + condition +€3,375 + location +€2,473 = modelled fair value of €211,912 (€2,943/m²), a €383,088 (64.4%) 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 | — | 80 | 53 |
| rua Almirante Cândido dos Reis | Active | €595,000 | €8,264 | 0% | 78 | 52 |
| 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% | 78 | 55 |
Long-term rental This property is overpriced at €595,000, significantly above its fair value of €211,912, presenting a gap of 64.4%. With a gross yield of 0%, the long-term rental strategy is unattractive given the high acquisition cost relative to potential rental income. Family rental The listing price of €595,000 is not aligned with the fair value of €211,912, marking a substantial 64.4% overvaluation. The property’s condition score of 78/100 and neighborhood score of 53/100 further indicate that families seeking rental options will find better value elsewhere. Not ideal for Luxury market and Short-term vacation rental strategies are deemed unsuitable due to the property's significant overpricing and lack of competitive edge in a rural Algarve setting. Prospective investors in these markets may want to explore alternatives that offer more favorable financial indicators.
High Economic Instability With an economic stability score of 35/100, there is a significant risk of financial downturn affecting property values and rental income potential.
