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, 3-bathroom house of 132 m², energy rating C. Located on rua do Alecrim, Vila Nova de Cacela parish, Vila Real de Santo António municipality, Faro district. The property includes a versatile additional room on the ground floor that can function as a bedroom, office, or support space, enhancing its adaptability to family needs.
The valuation. The asking price of €475,000 is slightly below the fair value of €489,897, representing a potential savings of €14,897 or 3.0%. This situates the property as a fair buy in the current market conditions.
Fair value modelled at €489,897 from 5 comparable sales in the area. Asking €475,000 sits €14,897 (3.0%) below — the upside to fair value.
Asking €475,000 versus the rua do Alecrim area baseline of €448,215 (€3,396/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €448,215, adjusted for condition and micro-location, gives a modelled fair value of €489,897 (€3,711/m²), a €14,897 (3.0%) gap versus the €475,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Alecrim | Subject | €475,000 | €3,598 | — | 65 | 56 |
| Altura · 1908d9 | Active | €610,000 | €3,813 | 5.9% | — | 60 |
| Altura · 5da207 | Active | €660,000 | €3,771 | 4.8% | 68 | 61 |
| 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 |
| Median comp | €538,000 | €3,706 | 3.0% | 68 | 63 |
Long-term rental The property presents a gross yield of 3.5%, which is fairly average for the Vila Nova de Cacela area. However, with a fair value gap of only 3.0%, this investment may not offer significant upside in terms of rental income appreciation. Short-term vacation rental While the property benefits from the Algarve's tourism appeal, its location is not in a prime spot for tourist traffic, which may limit its short-term rental potential. Given the average neighborhood score of 56/100, the property may face challenges in attracting higher-paying vacation renters. Family rental The property’s condition rating of 67/100 suggests it could appeal to families seeking comfortable long-term accommodation. Nevertheless, the overall valuation being fair and the neighborhood rating indicates potential tenants may be looking for better options in terms of amenities and quality. Not ideal for This property is not suitable for the luxury market due to its average condition and fair valuation. Additionally, the property does not lend itself well to student housing, given the local economic factors and neighborhood score. Buy-and-hold As the property is currently fairly priced with a minimal gap to fair value, it does not present a compelling opportunity for a buy-and-hold strategy. Moreover, the average conditions and neighborhood ratings suggest limited long-term appreciation potential.
Economic vulnerability The property is exposed to economic instability with a score of 45/100, indicating a higher risk of market fluctuations impacting 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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