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.
1-bedroom, 1-bathroom apartment of 80 m² on the 2nd floor, energy rating C. Located on largo do Mercado, 10, Vila Nova de Cacela parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment boasts contemporary features such as high-quality finishes and a seamless indoor-outdoor flow, enhanced by the spacious balcony designed for versatile leisure activities.
The valuation. The asking price of €329,000 is significantly above its fair value of €151,203, representing an overvaluation of €177,797 (54.0%). Consequently, the property is not a wise investment move at this price point.
Fair value modelled at €151,203 from the area baseline, adjusted for condition and location. Asking €329,000 sits €177,797 (54.0%) above — overpriced versus fair value.
Asking €329,000 versus the largo do Mercado, 10 area baseline of €286,640 (€3,583/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 79 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 62/100 (Housing Market 65 · Amenities 65 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
largo do Mercado, 10
Area baseline €286,640 + condition +€7,250 + location +€6,593 = modelled fair value of €151,203 (€1,890/m²), a €177,797 (54.0%) gap versus the €329,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo do Mercado, 10 | Subject | €329,000 | €4,113 | — | 79 | 62 |
| Altura · 23f20c | Active | €305,000 | €4,236 | 3.0% | 75 | 62 |
| Vila Nova de Cacela · bf28af | Active | €300,000 | €4,286 | 4.2% | 73 | 55 |
| Vila Nova de Cacela · ba574c | Active | €199,900 | €4,998 | 21.5% | 65 | 63 |
| avenida Manuel G. Rosa Mendes | Active | €290,000 | €3,766 | 8.4% | 65 | 61 |
| Median comp | €295,000 | €4,261 | 3.6% | 69 | 62 |
Long-term rental This property is overpriced by 54.0%, creating significant challenges for generating a reasonable return on investment through long-term rental income. Additionally, the gross yield of 0% indicates that it may not attract quality tenants seeking affordable housing options. Short-term vacation rental With the property being overpriced, the anticipated income from short-term vacation rentals may not justify the initial investment and costs associated with ownership. Despite strong seasonal demand in the Algarve region, the property does not present an attractive financial opportunity, given its valuation gap of 54.0%. Buy-and-hold Investing in this property for buy-and-hold purposes is not advisable due to its significant overvaluation and the absence of immediate cash flow, highlighted by a 0% gross yield. The long-term potential for appreciation does not compensate for the 54.0% gap from its fair value, making this an unfavorable investment choice. Not ideal for: Student housing, Luxury market
Economic Dependency Risk The investment faces potential volatility due to a low economic stability score of 60, which may be mirrored in tenant stability, also rated at 60, indicating a risky environment for reliable rental income.
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