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 112 m², energy rating F. Located on rua da Barquinha, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. This property features a spacious backyard and patio, ideal for renovations, showcasing significant potential for outdoor living and customized landscaping.
The valuation. The asking price of €299,000 sits €38,258 (11.3%) below the fair value of €337,258, indicating it is fairly priced for the current market conditions. Buy-to-flip angle. A resale strategy could capitalize on cosmetic improvements given the dated fixtures, potentially enhancing appeal for a quick turnaround in a mixed neighborhood. Buy-to-let angle. With an estimated gross yield of 4.2%, generating approximately €1,046 per month, this apartment could serve as a profitable long-term rental in the rural interior Algarve area.
Fair value modelled at €337,258 from 6 comparable sales in the area. Asking €299,000 sits €38,258 (11.3%) below — the upside to fair value.
Asking €299,000 versus the rua da Barquinha area baseline of €370,747 (€3,310/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 26/100 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 €370,747, adjusted for condition and micro-location, gives a modelled fair value of €337,258 (€3,011/m²), a €38,258 (11.3%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Barquinha | Subject | €299,000 | €2,670 | — | 20 | 55 |
| Vila Real de Santo António · be95a5 | Active | €399,000 | €3,694 | 38.4% | — | 60 |
| Vila Real de Santo António · 225d00 | Active | €285,000 | €3,167 | 18.6% | 65 | 59 |
| Vila Real de Santo António · 23f2d9 | Active | €190,000 | €2,639 | 1.2% | 45 | 62 |
| Vila Real de Santo António · dee5b2 | Active | €180,000 | €2,647 | 0.8% | 65 | 56 |
| Median comp | €237,500 | €2,907 | 8.9% | 65 | 60 |
Long-term rental This property in Vila Real de Santo António can provide a stable cash flow with a gross yield of 4.2%. However, with a condition rating of 26/100, consistent maintenance and management costs may impact overall profitability in the long run. Short-term vacation rental While this apartment has a fair listing price relative to its fair value, its location in a rural area with limited amenities might restrict its appeal for vacation renters looking for convenience. Consequently, despite a fair price, the property may face challenges in attracting short-term guests, especially in off-peak seasons.
[Economic Vulnerability] The low economic stability score of 45/100 suggests a heightened risk of market fluctuations, potentially impacting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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