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 113 m² on the 1st floor, built in 1993, energy rating D. Located on rua Professor Egas Moniz, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: The apartment boasts a small enclosed yard providing a rare outdoor space in a city center setting, and includes almost all furnishings and appliances for immediate occupancy.
The valuation. The asking price of €339,000 sits €35,551 below the fair value of €374,551, representing a difference of 9.5%. This property is priced fairly based on the current market analysis.
Fair value modelled at €374,551 from 5 comparable sales in the area. Asking €339,000 sits €35,551 (9.5%) below — the upside to fair value.
Asking €339,000 versus the rua Professor Egas Moniz area baseline of €279,122 (€2,470/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €279,122, adjusted for condition and micro-location, gives a modelled fair value of €374,551 (€3,315/m²), a €35,551 (9.5%) gap versus the €339,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Professor Egas Moniz | Subject | €339,000 | €3,000 | — | 80 | 58 |
| rua de Angola | Active | €399,000 | €3,874 | 29.1% | 66 | 64 |
| avenida dos Bombeiros, 38 | Active | €275,000 | €3,198 | 6.6% | 80 | 51 |
| avenida dos Bombeiros, 40 | Active | €270,000 | €3,253 | 8.4% | 80 | 58 |
| rua Doutor Manuel de Arriaga, 26 | Active | €549,000 | €4,575 | 52.5% | 82 | 54 |
| Median comp | €337,000 | €3,564 | 18.8% | 80 | 56 |
Long-term rental The property in Vila Real de Santo António presents a fair investment opportunity with a gross yield of 3.7%, which is in line with the rural Algarve market dynamics. Given the area's reliance on tourism and agriculture, consistent demand for long-term rentals is anticipated, albeit rental rates may not escalate rapidly due to the neighborhood's lower score of 58/100. Buy-and-hold Holding this property could yield stable returns as the area benefits from tourism-driven economic factors; however, the gap to fair value of 9.5% suggests cautious optimism. The property's condition rating of 83/100 indicates it requires minimal immediate investment, which supports a long-term holding strategy. Short-term vacation rental Considering the property is well-situated for tourism in the Algarve, it could perform acceptably as a short-term vacation rental, albeit with careful management due to the fair valuation. The neighborhood's lower appeal score of 58/100 might limit the potential for maximizing rental income if tourist preferences shift towards more vibrant areas.
Economic downturn risk With an economic stability score of 50/100, there is a significant risk of declines in property values or tenant demand due to adverse economic conditions.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
