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 house of 132 m², built in 2003, energy rating C. Located on rua do Alecrim, Vila Nova de Cacela parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This property includes a versatile basement with a separate entrance, offering potential for additional living space or rental opportunities, plus a terrace connected to the master suite.
The valuation. The asking price of €475,000 sits slightly below the fair value of €485,230, indicating a difference of €10,230, or approximately 2.1%. The property is reasonably priced at fair market value.
Fair value modelled at €485,230 from 6 comparable sales in the area. Asking €475,000 sits €10,230 (2.1%) below — the upside to fair value.
Asking €475,000 versus the rua do Alecrim area baseline of €427,757 (€3,241/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €427,757, adjusted for condition and micro-location, gives a modelled fair value of €485,230 (€3,676/m²), a €10,230 (2.1%) gap versus the €475,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Alecrim | Subject | €475,000 | €3,598 | — | 68 | 49 |
| Vila Nova de Cacela · 001578 | Active | €360,000 | €3,711 | 3.1% | 68 | 63 |
| Vila Nova de Cacela · 0dcf5b | Active | €466,000 | €3,641 | 1.2% | 72 | 64 |
| urbanização Bela Praia | Active | €450,000 | €1,490 | 58.6% | 68 | 64 |
| Altura · 1908d9 | Active | €610,000 | €3,813 | 5.9% | — | 60 |
| Median comp | €458,000 | €3,676 | 2.2% | 68 | 64 |
Short-term vacation rental This property presents a modest yield of 3% gross, indicating that while it can serve as a vacation rental, the returns relative to the investment are not particularly compelling. The condition rating of 71/100 suggests it requires some maintenance to meet the expectations of short-term guests. Family rental With a fair value equity position of 2.1% over the listing price, this property may be an acceptable option in the family rental market, albeit it is not a standout choice. The neighborhood score of 49/100 implies that potential tenants may be cautious, limiting the appeal to families looking for higher quality living conditions.
Economic Volatility Risk The economic stability score of 40/100 indicates a high risk of market fluctuations which may affect property values and rental income potential.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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