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 139 m², energy rating B. Located on praceta da Balsa, 1, São Brás de Alportel parish, São Brás de Alportel municipality, Faro district. Noteworthy Features: The apartment boasts a sophisticated sound system integrated in all rooms, enhancing the living experience, alongside a substantial 35 m² private storage space on the upper floor.
The valuation. The asking price of €320,000 sits €11,828 or 3.6% below the fair value of €331,828, indicating it is fairly priced in the current market. This provides a reasonable entry point for potential investors.
Fair value modelled at €331,828 from 6 comparable sales in the area. Asking €320,000 sits €11,828 (3.6%) below — the upside to fair value.
Asking €320,000 versus the praceta da Balsa, 1 area baseline of €260,410 (€1,873/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €260,410, adjusted for condition and micro-location, gives a modelled fair value of €331,828 (€2,387/m²), a €11,828 (3.6%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta da Balsa, 1 | Subject | €320,000 | €2,302 | — | 70 | 60 |
| São Brás de Alportel · 49b836 | Active | €395,000 | €2,351 | 2.1% | 80 | 63 |
| São Brás de Alportel · 3d95fd | Active | €395,000 | €2,423 | 5.3% | 70 | 53 |
| rua António Viegas Calçada, 5 | Active | €300,000 | €2,308 | 0.2% | 75 | 59 |
| rua Doutor José Dias Sancho, 159 | Active | €339,000 | €2,216 | 3.8% | 72 | 70 |
| Median comp | €367,000 | €2,330 | 1.2% | 74 | 61 |
Short-term vacation rental The property’s location in rural Algarve, close to the coast, makes it suitable for short-term vacation rentals, catering to tourists seeking a relaxing getaway. However, its fair valuation suggests that the investment yield of 3.3% may not sufficiently support high competition in this market. Family rental Given its size and condition rating of 73/100, this apartment is a reasonable option for family rentals in a region known for tourism. The fair valuation indicates that while it's a viable choice, the rental yield may not significantly exceed the market average. Long-term rental The property's value aligns closely with the fair valuation, making it appropriate for long-term rentals in a tourist-friendly area. With a gross yield of 3.3%, investors can anticipate modest returns that are fairly reflective of the local rental market conditions.
Economic Vulnerability The property's economic stability score of 45/100 indicates a higher risk of economic downturns affecting rental income.
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