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 82 m², built in 2022. Located Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: The apartment is situated in a building with only two units, offering enhanced privacy and a sense of community in a central location. Solar Exposure: Excellent solar exposure enhances the cozy atmosphere throughout the day.
The valuation. The asking price of €247,000 is positioned €29,162 (10.6%) below its fair value of €276,162, indicating the property is subvalued compared to market expectations.
Fair value modelled at €276,162 from 6 comparable sales in the area. Asking €247,000 sits €29,162 (10.6%) below — the upside to fair value.
Asking €247,000 versus the Vila Real de Santo António, Vila Real de Santo António, Faro area baseline of €242,807 (€2,961/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €242,807, adjusted for condition and micro-location, gives a modelled fair value of €276,162 (€3,368/m²), a €29,162 (10.6%) gap versus the €247,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vila Real de Santo António · a8edb9 | Subject | €247,000 | €3,012 | — | 68 | 56 |
| avenida dos Bombeiros, 40 | Active | €270,000 | €3,253 | 8.0% | 80 | 58 |
| Vila Real de Santo António · 6fb7fe | Active | €279,000 | €3,444 | 14.3% | 62 | 50 |
| Vila Real de Santo António · 4d4412 | Active | €325,000 | €3,421 | 13.6% | 63 | 53 |
| Vila Real de Santo António · f365f2 | Active | €299,000 | €3,833 | 27.3% | 70 | 55 |
| Median comp | €289,000 | €3,433 | 14.0% | 67 | 54 |
Long-term rental The 2-bed apartment in Vila Real de Santo António offers a solid opportunity for long-term rental with a fair value of €276,162, indicating an attractive investment at a purchase price of €247,000. The current yield of 3.9% gross suggests steady income potential while the property's condition and neighborhood scores indicate room for improvement. Buy-and-hold Investing in this property aligns well with a buy-and-hold strategy, as it is currently priced 10.6% below fair value, presenting an opportunity for appreciation over time. Given the rural Algarve characteristics combined with tourism influence, the property may see increased demand in the future as urban amenities improve. Family rental This apartment could serve well as a family rental, positioned favorably within a community that has access to natural beauty, despite its necessity for travel to urban amenities. The favorable purchase price compared to its fair value enhances its potential to attract families looking for a longer-term accommodation solution in the Algarve region.
Economic Vulnerability The property faces a significant risk due to its low economic stability score of 45/100, which may lead to decreased tenant demand and potential vacancies.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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