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 64 m² on the 1st floor, energy rating D. Located on rua Almirante Cândido dos Reis, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Notable Features: This apartment includes an intercom system for enhanced security and is located mere minutes from the stunning beaches of Sotavento Algarve and the marina of Vila Real de Santo António.
The valuation. The asking price of €225,000 is significantly below fair value of €282,236, indicating the property is underpriced by €57,236 (20.3%). This presents an attractive opportunity for potential buyers.
Fair value modelled at €282,236 from 6 comparable sales in the area. Asking €225,000 sits €57,236 (20.3%) below — the upside to fair value.
Asking €225,000 versus the rua Almirante Cândido dos Reis area baseline of €245,748 (€3,840/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €245,748, adjusted for condition and micro-location, gives a modelled fair value of €282,236 (€4,410/m²), a €57,236 (20.3%) gap versus the €225,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Almirante Cândido dos Reis | Subject | €225,000 | €3,516 | — | 70 | 64 |
| rua de Gonçalo Velho | Active | €295,000 | €2,950 | 16.1% | 75 | 59 |
| Monte Gordo · 225a53 | Active | €440,000 | €5,238 | 49.0% | 74 | 52 |
| rua de Ceuta, 2 | Active | €275,000 | €3,929 | 11.7% | 77 | 57 |
| travessa Bartolomeu Dias, 10 | Active | €280,000 | €3,784 | 7.6% | 65 | 53 |
| Median comp | €287,500 | €3,857 | 9.7% | 75 | 55 |
Short-term vacation rental The property’s 20.3% gap against fair value suggests a strong opportunity for short-term vacation rental, particularly in the tourism-driven Algarve region. With a gross yield of 4.3%, it could attract seasonal tourists looking for comfortable accommodations. Buy-and-hold With the property being underpriced at €225,000 and a fair value of €282,236, it presents a solid buy-and-hold opportunity in a market influenced by tourism. The moderate condition rating of 72/100 indicates that it would require minimal investment to maintain or enhance its value over time. Family rental Given the fair valuation and reasonable condition of the property, it is well-positioned as a family rental in a neighborhood with a decent score of 64/100. The tourism-centric economy could lead to increased demand for family-oriented housing in this region, providing a steady rental income opportunity.
Economic Vulnerability With an economic stability score of 58/100, the property may face risks from local economic fluctuations that could lead to decreased tenant demand or increased vacancy rates.
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