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 121 m², built in 2002, energy rating B. Located on rua Jornal do Algarve, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Property Features: This apartment boasts spacious balconies with captivating Guadiana River views, offering abundant natural light throughout its well-maintained interiors and a prime central location in Vila Real de Santo António.
The valuation. The asking price of €495,000 is significantly above the fair value of €353,031, making it overpriced by €141,969 (28.7%). This discrepancy suggests that potential buyers should be cautious in their investment decision.
Fair value modelled at €353,031 from the area baseline, adjusted for condition and location. Asking €495,000 sits €141,969 (28.7%) above — overpriced versus fair value.
Asking €495,000 versus the rua Jornal do Algarve area baseline of €345,455 (€2,855/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 72 · Materials 68 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
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.
rua Jornal do Algarve
Area baseline €345,455 + condition -€8,508 + location +€15,237 = modelled fair value of €353,031 (€2,918/m²), a €141,969 (28.7%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Jornal do Algarve | Subject | €495,000 | €4,091 | — | 72 | 61 |
| Vila Real de Santo António · 4d4412 | Active | €325,000 | €3,421 | 16.4% | 63 | 53 |
| Vila Real de Santo António · 6fb7fe | Active | €279,000 | €3,444 | 15.8% | 62 | 50 |
| rua D. Francisco Gomes, 26 | Active | €400,000 | €2,395 | 41.5% | 82 | 61 |
| rua B | Active | €340,000 | €3,036 | 25.8% | 70 | 58 |
| Median comp | €332,500 | €3,229 | 21.1% | 67 | 56 |
Short-term vacation rental The projected yield of 2.7% gross indicates that this property may not adequately capitalize on the high demand fluctuations typical of short-term vacation rentals in the Algarve. Given the property’s overpriced valuation at €495,000, potential rental income may be insufficient to justify the investment. Long-term rental With a fair value of €353,031, renting this property at its current listing price may not attract quality tenants, given that its condition rating is only 71/100 and the neighborhood scores 61/100. Furthermore, the 2.7% gross yield suggests that long-term rental returns are unlikely to meet competitive market standards, given the property is overpriced. Buy-and-hold Investing in this apartment for a buy-and-hold strategy appears unrealistic due to its 28.7% gap versus fair value, which significantly dwarfs potential appreciation in this primarily tourist-driven market. The property's relatively low yield and mediocre neighborhood scores further diminish its attractiveness as a long-term hold asset, especially being overpriced at its listing price. Not ideal for Given its overpriced status, this 3-bed apartment does not suit the luxury market due to its moderate condition and neighborhood characteristics. Additionally, it is unsuitable for student housing, where tenants seek quality and value that this property does not provide.
Tenant Default Risk With a tenant stability score of 60/100, there is a moderate risk of tenant default, reflecting potential volatility in rental income.
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