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 apartment of 127 m² on the 1st floor, energy rating C. Located on rua Doutor Reinaldo Raúl Prazeres, 15, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment boasts three balconies that enhance natural light and outdoor living, and a top-floor private storage room adds valuable convenience for residents.
The valuation. The asking price of €272,000 is significantly below the fair value of €403,358, representing a discount of €131,358 (32.6%). This indicates the property is underpriced, providing an attractive entry point for investors.
Fair value modelled at €403,358 from 6 comparable sales in the area. Asking €272,000 sits €131,358 (32.6%) below — the upside to fair value.
Asking €272,000 versus the rua Doutor Reinaldo Raúl Prazeres, 15 area baseline of €368,168 (€2,899/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 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 €368,168, adjusted for condition and micro-location, gives a modelled fair value of €403,358 (€3,176/m²), a €131,358 (32.6%) gap versus the €272,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Reinaldo Raúl Prazeres, 15 | Subject | €272,000 | €2,142 | — | 60 | 61 |
| Vila Real de Santo António · 49b92a | Active | €315,000 | €3,424 | 59.9% | — | 59 |
| Vila Real de Santo António · 6d52f5 | Active | €680,000 | €2,931 | 36.9% | — | 58 |
| Vila Real de Santo António · 3d9997 | Active | €299,500 | €2,219 | 3.6% | 72 | 51 |
| avenida da Catalunha, 15 | Active | €310,000 | €3,563 | 66.4% | 60 | 65 |
| Median comp | €312,500 | €3,178 | 48.4% | 66 | 59 |
Long-term rental The property offers a gross yield of 4.7%, making it a solid choice for long-term rental investments in a tourist-heavy area like Vila Real de Santo António. Given its fair value of €403,358 and listing price of €272,000, the property presents a significant gap of 32.6% that could attract consistent rental income. Short-term vacation rental With its location in a popular tourist destination, this property is well-suited for short-term vacation rentals, potentially generating high occupancy rates. The current listing price of €272,000, compared to a fair value of €403,358, highlights a considerable opportunity to maximize returns in the thriving Algarve market. Buy-and-hold As a buy-and-hold investment, this apartment can benefit from long-term appreciation in a growing region where tourism is the main employment sector. The clear price gap of 32.6% underscores the asset’s potential to gain value, positioning it favorably for future capital appreciation. Not ideal for Despite its potential, the property does not align with strategies targeting student housing, the luxury market, or value-add renovations, given its condition rating of 57/100 and neighborhood score of 61/100. Therefore, alternative strategies like long-term rentals or vacation rentals are recommended for optimal returns.
Economic Vulnerability With an economic stability score of 55, there is a substantial risk that potential downturns could impact the property’s overall value. Tenant Instability A tenant stability score of 65 indicates that while the property has moderate tenant retention, fluctuations in tenant demand could affect rental income significantly.
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