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, 1-bathroom apartment of 72 m², built in 1971. Located Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: The apartment includes two private balconies, one of which is enclosed for extra living space, and a common terrace on the top floor for all residents to enjoy.
The valuation. The asking price of €190,000 is approximately 2.3% above the fair value of €185,580. This property can be considered overpriced given the current market conditions.
Fair value modelled at €185,580 from the area baseline, adjusted for condition and location. Asking €190,000 sits €4,420 (2.3%) above — overpriced versus fair value.
Asking €190,000 versus the Vila Real de Santo António, Vila Real de Santo António, Faro area baseline of €205,560 (€2,855/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 48/100 (Condition 45 · Materials 50 · Room dimensions 55). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Vila Real de Santo António, Vila Real de Santo António, Faro
Area baseline €205,560 + condition -€30,375 + location +€9,891 = modelled fair value of €185,580 (€2,578/m²), a €4,420 (2.3%) gap versus the €190,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vila Real de Santo António · 23f2d9 | Subject | €190,000 | €2,639 | — | 45 | 62 |
| Vila Real de Santo António · 90d91a | Active | €225,000 | €2,744 | 4.0% | — | 53 |
| Vila Real de Santo António · 49b92a | Active | €315,000 | €3,424 | 29.7% | — | 59 |
| praça Marquês de Pombal | Active | €280,000 | €3,944 | 49.4% | 65 | 53 |
| avenida Ministro Duarte Pacheco | Active | €195,000 | €2,746 | 4.1% | 60 | 52 |
| Median comp | €252,500 | €3,085 | 16.9% | 63 | 53 |
Short-term vacation rental Given the property’s 5.3% gross yield, it may appeal to short-term vacation rental operators looking to capitalize on the tourism demand in the region. However, with a fair value appraisal of €185,580 and a listing price of €190,000, it is clear that this investment is overpriced, diminishing its potential return on investment. Long-term rental While the apartment could serve the long-term rental market in a tourism-driven economy, the current listing price indicates it is overpriced at €190,000 versus a fair value of €185,580. The anticipated yield of 5.3% is compelling, yet the gap to fair value suggests caution for potential landlords. Buy-and-hold Investing in this property for a buy-and-hold strategy may not be advisable given its valuation, as it is overpriced at €190,000 against a fair value of €185,580. The property’s condition rating of 48/100 and neighborhood score of 62/100 further indicate a need for improvements that may not justify the current price premium.
Economic Vulnerability With an economic stability score of 55/100, this property is at risk of experiencing fluctuations in market conditions that may negatively impact investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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