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 house of 70 m², energy rating D. Located on praça Marquês de Pombal, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This property is located in the Protection Zone of the Historic Area, allowing for potential multi-story construction up to four floors, enhancing its investment value. Próximas Atrações: Proximity to the Guadiana River and the stunning Castro Marim and Vila Real de Santo António Natural Reserve offers abundant outdoor recreational opportunities.
The valuation. The asking price of €295,000 sits 5.1% below the fair value of €310,901, indicating that this property is fairly priced for the current market. This makes it an attractive option without being undervalued.
Fair value modelled at €310,901 from 6 comparable sales in the area. Asking €295,000 sits €15,901 (5.1%) below — the upside to fair value.
Asking €295,000 versus the praça Marquês de Pombal area baseline of €277,163 (€3,959/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €277,163, adjusted for condition and micro-location, gives a modelled fair value of €310,901 (€4,441/m²), a €15,901 (5.1%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Marquês de Pombal | Subject | €295,000 | €4,214 | — | 72 | 56 |
| Monte Gordo · 4a446f | Active | €565,000 | €5,765 | 36.8% | 66 | 57 |
| urbanização Urbanizão Monte Fino Monte Gordo | Active | €325,000 | €5,417 | 28.5% | 70 | 60 |
| rua de Beira-Mar | Active | €500,000 | €4,274 | 1.4% | 70 | 59 |
| Monte Gordo · 653046 | Active | €295,000 | €4,609 | 9.4% | 57 | 51 |
| Median comp | €412,500 | €5,013 | 19.0% | 68 | 58 |
Long-term rental The property offers a gross yield of 3.7%, which aligns well with typical expectations for the Vila Real de Santo António area. Given the fair pricing and solid condition score of 68/100, it represents a reasonable investment for stable long-term rentals. Value-add renovation With a condition score of 68/100, there is potential for value-add renovations to enhance the property’s appeal and rental income capacity. Although fairly priced, renovating to raise the condition and boost marketability could lead to improved returns over time. Not ideal for luxury market The property is situated in a less-touristic region of Algarve, making it unsuitable for positioning in the luxury market. Its neighbourhood rating of 56/100 further indicates limited appeal to high-end buyers, which should be carefully considered. Not ideal for student housing Due to its location in a rural area with lower tenant quality, this property is not suitable for student housing investments. The lack of nearby educational institutions or amenities typically favored by students makes it an unfit choice. Not ideal for short-term vacation rental While the Algarve is known for tourism, this property in Vila Real de Santo António is located in a less-touristic region, limiting its potential as a short-term vacation rental. The fair pricing combined with the neighbourhood's lower rating suggests a lack of demand for such uses.
Tenant turnover risk The relatively low tenant stability score of 60/100 indicates a higher likelihood of vacancies, which could affect cash flow and overall return on investment.
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