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 94 m² on the 2nd floor, energy rating C. Located on rua Reynaldo Manuel dos Santos, 7, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment includes two small balconies, one of which has a clothesline, and comes with comprehensive furnishings including a SmartTV and a robot vacuum.
The valuation. The asking price of €274,000 sits below the fair value of €317,675 by €43,675 (13.7%). This presents an attractive opportunity, as the property is currently underpriced.
Fair value modelled at €317,675 from 6 comparable sales in the area. Asking €274,000 sits €43,675 (13.7%) below — the upside to fair value.
Asking €274,000 versus the rua Reynaldo Manuel dos Santos, 7 area baseline of €267,030 (€2,841/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €267,030, adjusted for condition and micro-location, gives a modelled fair value of €317,675 (€3,380/m²), a €43,675 (13.7%) gap versus the €274,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Reynaldo Manuel dos Santos, 7 | Subject | €274,000 | €2,915 | — | 70 | 55 |
| Vila Real de Santo António · f365f2 | Active | €299,000 | €3,833 | 31.5% | 70 | 55 |
| Vila Real de Santo António · 6fb7fe | Active | €279,000 | €3,444 | 18.2% | 62 | 50 |
| praça Marquês de Pombal | Active | €280,000 | €3,944 | 35.3% | 65 | 53 |
| Vila Real de Santo António · a8edb9 | Active | €247,000 | €3,012 | 3.3% | 68 | 56 |
| Median comp | €279,500 | €3,639 | 24.8% | 67 | 54 |
Long-term rental The property demonstrates a fair value gap of 13.7%, indicating it's an attractive opportunity for the long-term rental market. With a gross yield of 4.6%, it positions well to benefit from Vila Real de Santo António's reliance on a tourism economy, despite the limited urban amenities. Vacation home Given the property’s subpar condition rating of 69/100 and the neighborhood's limited amenities, it still presents an opportunity for a vacation home due to its pricing at €274,000, which is subvalued relative to the fair market. The 4.6% gross yield can also enhance a vacation home investment, making it a strategic choice for those seeking to enjoy Algarve’s lifestyle while generating rental income. Short-term rental The property is not ideally suited for a short-term rental strategy due to its peripheral location in Algarve's tourist zones and a lower neighborhood score of 55/100, suggesting potential challenges in attracting tourist demands. Investors should be cautious as the reliance on tourism in the area may not translate into consistent short-term rental occupancy. Student housing This property is not suitable for student housing because of the limited urban amenities and neighborhood quality. Currently, Vila Real de Santo António does not align with the needs and expectations of student renters, thereby impacting potential rental yields negatively.
Economic Vulnerability With an economic stability score of 50/100, there is a significant risk of adverse market conditions affecting property values and rental income.**
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