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, 1-bathroom apartment of 111 m², energy rating C. Located on rua Duque da Terceira, Vila Nova de Cacela parish, Vila Real de Santo António municipality, Faro district. One noteworthy feature of this property is the spacious balconies offering a charming view of the vibrant town center, enhancing its appeal for both relaxation and social gatherings.
The valuation. The property is listed at €310,000, which represents a significant discount of €123,836 (28.5%) compared to its fair value of €433,836. This indicates that the apartment is underpriced, presenting a valuable investment opportunity.
Fair value modelled at €433,836 from 6 comparable sales in the area. Asking €310,000 sits €123,836 (28.5%) below — the upside to fair value.
Asking €310,000 versus the rua Duque da Terceira area baseline of €386,266 (€3,480/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €386,266, adjusted for condition and micro-location, gives a modelled fair value of €433,836 (€3,908/m²), a €123,836 (28.5%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Duque da Terceira | Subject | €310,000 | €2,793 | — | 70 | 58 |
| rua Duque de Terceira, 35 | Active | €330,000 | €3,143 | 12.5% | — | 60 |
| Vila Nova de Cacela · bf28af | Active | €300,000 | €4,286 | 53.5% | 73 | 55 |
| Vila Nova de Cacela · 86cbdd | Active | €320,000 | €4,051 | 45.0% | 75 | 46 |
| avenida Manuel G. Rosa Mendes | Active | €290,000 | €3,766 | 34.9% | 65 | 61 |
| Median comp | €310,000 | €3,909 | 39.9% | 73 | 58 |
Buy-and-hold This 3-bed apartment presents a notable opportunity for a buy-and-hold strategy, as it is currently priced 28.5% below its fair value of €433,836. With a gross yield of 4%, the property can generate consistent rental income over time, benefiting from any appreciation in a rural area that is gradually gaining interest. Long-term rental The property is well-suited for long-term rental, aligning with the typical socio-economic conditions of the rural Algarve region. Its competitive listing price compared to fair value positions the apartment as a solid investment to attract stable tenants seeking long-term housing solutions. Family rental As a 3-bed apartment, this property caters perfectly to families looking for a long-term residence in Vila Nova de Cacela. Given its current price, which is significantly below fair market value, it offers an attractive option for families seeking affordability without compromising on space. Short-term vacation rental This property is not an ideal candidate for short-term vacation rentals due to its rural location, which is distanced from the main tourist attractions of the Algarve. Despite the profitable long-term rental prospects, the potential for vacation rental income remains limited. Luxury market The apartment is not positioned within the luxury market due to its rural setting and pricing. While it presents a strong value as a family or long-term rental, its attributes do not align with the expectations of luxury buyers.
Low Economic Risk The economic stability score of 45/100 indicates a significant risk of economic downturns that could negatively impact property value and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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