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, 2-bathroom apartment of 138 m², built in 2023, energy rating C. Located on rua D. Francisco Gomes, 33, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. This property uniquely features dual private terraces totaling 45 m², providing versatile outdoor spaces for relaxation and customization, enhancing the living experience in the heart of Vila Real de Santo António.
The valuation. The asking price of €459,000 is slightly above the fair value of €441,279, indicating a premium of €17,721 (4.0%). This positions the property as fairly valued, appealing to buyers who appreciate quality over price. Buy-to-flip angle. With renovations completed and high-quality finishes, a resale strategy could target buyers seeking luxury living, potentially yielding a higher profit margin than purchase price. Quick turnarounds in this vibrant market could amplify returns. Buy-to-let angle. The estimated rental income of €842/month at a gross yield of 2.2% reflects a stable investment in a tourist-driven economy, targeting short-term vacation rentals due to proximity to Algarve attractions balancing out seasonal demand.
Fair value modelled at €441,279 from 5 comparable sales in the area. Asking €459,000 sits €17,721 (4.0%) above — overpriced versus fair value.
Asking €459,000 versus the rua D. Francisco Gomes, 33 area baseline of €311,990 (€2,261/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €311,990, adjusted for condition and micro-location, gives a modelled fair value of €441,279 (€3,198/m²), a €17,721 (4.0%) gap versus the €459,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua D. Francisco Gomes, 33 | Subject | €459,000 | €3,326 | — | 88 | 60 |
| avenida dos Bombeiros, 40 | Active | €270,000 | €3,253 | 2.2% | 80 | 58 |
| avenida dos Bombeiros, 38 | Active | €275,000 | €3,198 | 3.9% | 80 | 51 |
| rua Professor Egas Moniz | Active | €339,000 | €3,000 | 9.8% | 80 | 58 |
| Monte Gordo · 49b8be | Active | €285,000 | €3,519 | 5.8% | 75 | 59 |
| Median comp | €280,000 | €3,226 | 3.0% | 80 | 58 |
Short-term vacation rental This property has a fair market value and is located in the Algarve, making it a viable option for short-term vacation rentals. However, the low yield of 2.2% indicates that the property might not generate substantial cash flow relative to its price. Long-term rental With a fair valuation and decent condition rating of 85/100, this property could serve the long-term rental market reasonably well. Nonetheless, potential investors should consider the modest yield of 2.2% when evaluating their return on investment. Family rental The property is fairly priced and located in a region with access to amenities and educational facilities, making it suitable for families. Still, the lower yield and average neighborhood rating may limit its appeal to prospective tenants looking for expansive living spaces.
Economic Vulnerability The economic stability score of 50/100 indicates a significant potential risk for decreased property values in the area, impacting long-term investment viability.
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