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 79 m² on the 1st floor, energy rating D. Located Vila Nova de Cacela parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment boasts a magnificent 73 m² terrace equipped with a barbecue and sink, ideal for outdoor entertaining and relaxing in the sun.
The valuation. The asking price of €320,000 sits 4.3% above the fair value of €306,766. This property is fairly priced in the current market context.
Fair value modelled at €306,766 from 6 comparable sales in the area. Asking €320,000 sits €13,234 (4.3%) above — overpriced versus fair value.
Asking €320,000 versus the Vila Nova de Cacela, Vila Real de Santo António, Faro area baseline of €273,360 (€3,460/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €273,360, adjusted for condition and micro-location, gives a modelled fair value of €306,766 (€3,883/m²), a €13,234 (4.3%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vila Nova de Cacela · 86cbdd | Subject | €320,000 | €4,051 | — | 75 | 46 |
| avenida Manuel G. Rosa Mendes | Active | €290,000 | €3,766 | 7.0% | 65 | 61 |
| Vila Nova de Cacela · bf28af | Active | €300,000 | €4,286 | 5.8% | 73 | 55 |
| rua da Quinta da Manta Mar S / N | Active | €240,000 | €4,000 | 1.3% | 75 | 52 |
| Altura · 23f20c | Active | €305,000 | €4,236 | 4.6% | 75 | 62 |
| Median comp | €295,000 | €4,118 | 1.7% | 74 | 58 |
Short-term vacation rental The property presents a slight premium over fair value at €320,000 versus €306,766, resulting in a gap of 4.3%. While the Algarve's appeal for seasonal tourists may support short-term rental demand, the low neighborhood rating of 46/100 suggests potential challenges in attracting guests. Buy-and-hold With a gross yield of 2.9% and a fair valuation indicating the property is reasonably priced, its price of €320,000 aligns closely with market expectations. However, the rural setting and limited amenities in the neighborhood could impact long-term appreciation and tenant satisfaction. Long-term rental At a fair value of €306,766, the property’s current listing indicates it maintains a position that reflects average market conditions, despite a modest gross yield of 2.9%. The neighborhood's low rating of 46/100 may deter prospective long-term tenants, emphasizing potential risk in tenant quality and stability.
High Economic Risk The property faces a high economic risk due to an economic stability score of 40/100, indicating potential challenges in the local economy impacting tenant retention and rental income.
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