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.
3-bedroom, 2-bathroom apartment of 135 m² on the 1st floor, energy rating C. Located Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment features a private storage area on the top floor, and its building reflects historical charm with unique architectural details. Localização Privilegiada: Located steps from the Guadiana River in a vibrant pedestrian area. Privileged Location:** Centrally situated, steps away from a variety of commerce, restaurants, and services, making it ideal for personal living or investment.
The valuation. The asking price of €299,500 sits €76,408 (20.3%) below the fair value of €375,908, indicating that the property is subvalued in the current market. This presents a favorable opportunity for potential investors.
Fair value modelled at €375,908 from 6 comparable sales in the area. Asking €299,500 sits €76,408 (20.3%) below — the upside to fair value.
Asking €299,500 versus the Vila Real de Santo António, Vila Real de Santo António, Faro area baseline of €309,194 (€2,290/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 is below the parish average, reducing 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 €309,194, adjusted for condition and micro-location, gives a modelled fair value of €375,908 (€2,785/m²), a €76,408 (20.3%) gap versus the €299,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vila Real de Santo António · 3d9997 | Subject | €299,500 | €2,219 | — | 72 | 51 |
| Vila Real de Santo António · da472d | Active | €259,500 | €2,544 | 14.7% | 70 | 54 |
| rua B | Active | €340,000 | €3,036 | 36.8% | 70 | 58 |
| rua B | Active | €320,000 | €2,857 | 28.8% | 72 | 63 |
| rua 25 de Abril, 38 | Active | €290,000 | €2,132 | 3.9% | 65 | 62 |
| Median comp | €305,000 | €2,701 | 21.7% | 70 | 60 |
Long-term rental This 3-bed apartment in Vila Real de Santo António presents a compelling opportunity for long-term rental, given its fair value of €375,908, which highlights a 20.3% gap compared to the listing price of €299,500. The 4.2% gross yield is attractive, particularly in a location impacted by tourism, making it a steady investment despite its current condition rating of 69/100. Value-add renovation With a current condition score of 69/100, the apartment is positioned for a value-add renovation strategy that could unlock additional equity, particularly in a neighborhood that benefits from seasonal tourism. The gap of 20.3% between the listing and fair value suggests that improvements could significantly increase the overall marketability and value of the property. Buy-and-hold Acquiring this apartment as a buy-and-hold investment is sensible given the property’s fair value of €375,908 compared to a listing price of €299,500, which reflects its subvalorizada status in the current market. The potential for a gross yield of 4.2% makes this a viable long-term strategy, leveraging the tourism influence in the Algarve region to ensure steady cash flow over time.
Economic Vulnerability The property faces heightened risk due to a low economic stability score of 40/100, indicating potential financial volatility in the area.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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