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, 1-bathroom apartment of 70 m² on the 2nd floor, energy rating D. Located on rua Doutor Oliveira Martins, 35, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: The apartment boasts a central island in the fully equipped kitchen and air conditioning units in every major room for enhanced comfort.
The valuation. The asking price of €280,000 is 4.0% below the fair value of €291,667. This property is fairly priced, offering a reasonable opportunity for interested buyers.
Fair value modelled at €291,667 from 6 comparable sales in the area. Asking €280,000 sits €11,667 (4.0%) below — the upside to fair value.
Asking €280,000 versus the rua Doutor Oliveira Martins, 35 area baseline of €236,807 (€3,383/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €236,807, adjusted for condition and micro-location, gives a modelled fair value of €291,667 (€4,167/m²), a €11,667 (4.0%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Oliveira Martins, 35 | Subject | €280,000 | €4,000 | — | 80 | 66 |
| rua Almirante Cândido dos Reis | Active | €225,000 | €3,516 | 12.1% | 70 | 64 |
| rua Diogo Cão, 2 | Active | €470,000 | €5,949 | 48.7% | 74 | 55 |
| rua de Ceuta, 2 | Active | €275,000 | €3,929 | 1.8% | 77 | 57 |
| Monte Gordo · 956f3a | Active | €300,000 | €4,286 | 7.1% | 75 | 58 |
| Median comp | €287,500 | €4,108 | 2.7% | 75 | 58 |
Long-term rental This property, while offering a decent yield of 3.3%, is fairly priced at €280,000, slightly below its fair value of €291,667. The condition rating of 79/100 indicates a well-maintained apartment, making it suitable for long-term residential tenants in a seasonal tourist region. Short-term vacation rental With a fair pricing of €280,000 in a region known for tourism, this apartment represents an opportunity to capture both seasonal tourists and expatriate clientele. However, the 3.3% yield suggests that it may not achieve the high returns often anticipated in the short-term rental market due to its proximity to fair market value. Buy-and-hold The current listing price just below fair value suggests the potential for steady appreciation over time in the Vila Real de Santo António market. Given the seasonal economic activity and housing demand in the area, holding this property long-term could yield reasonable benefits, albeit without high immediate returns due to the modest yield of 3.3%.
Economic Vulnerability The economic stability score of 55/100 indicates potential fluctuations in the local market that could impact property value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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