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, 2-bathroom apartment of 86 m² on the 1st floor, energy rating C. Located on avenida dos Bombeiros, 38, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: The apartment includes a utility room for extra storage and benefits from excellent south-facing solar exposure for abundant natural light. Condition Notes: High-quality finishes throughout, particularly in living spaces.
The valuation. The asking price of €275,000 sits €24,407 (8.2%) below the fair value of €299,407, indicating a fair valuation for this property. This position may offer a solid entry point for potential investors.
Fair value modelled at €299,407 from 6 comparable sales in the area. Asking €275,000 sits €24,407 (8.2%) below — the upside to fair value.
Asking €275,000 versus the avenida dos Bombeiros, 38 area baseline of €228,846 (€2,661/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €228,846, adjusted for condition and micro-location, gives a modelled fair value of €299,407 (€3,481/m²), a €24,407 (8.2%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Bombeiros, 38 | Subject | €275,000 | €3,198 | — | 80 | 51 |
| Monte Gordo · 49b8be | Active | €285,000 | €3,519 | 10.0% | 75 | 59 |
| avenida dos Bombeiros, 40 | Active | €270,000 | €3,253 | 1.7% | 80 | 58 |
| Monte Gordo · 96c3cc | Active | €260,000 | €3,562 | 11.4% | 85 | 54 |
| Vila Real de Santo António · f365f2 | Active | €299,000 | €3,833 | 19.9% | 70 | 55 |
| Median comp | €277,500 | €3,541 | 10.7% | 78 | 57 |
Short-term vacation rental The property offers a gross yield of 3.6%, which is reasonable for short-term rentals given the tourist influence in Vila Real de Santo António. However, the neighbourhood has a mixed quality rating of 51/100, which may affect guest satisfaction and ultimately rental income. Buy-and-hold With a current listing price of €275,000 and a fair value of €299,407, the potential for modest appreciation is present in the long term. The property benefits from stable rural conditions but is not ideal for long-term tenants due to its neighbourhood ratings. Value-add renovation While the property's condition score is 82/100, indicating it's generally in good shape, targeted renovations could further enhance its appeal and yield. Upgrading certain amenities could align the property more closely with market demands, particularly given its fair value status.
Economic Vulnerability With an economic stability score of 45/100, the property is at risk of declining investor confidence which could lead to reduced rental demand or falling property values.
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