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.
1-bedroom, 2-bathroom apartment of 74 m², energy rating G. Located on rua Doutor António Passos, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. This ground floor apartment features a private patio, perfect for outdoor dining and relaxation in the heart of Vila Real de Santo António.
The valuation. The asking price of €340,000 is €52,011 (18.1%) above the assessed fair value of €287,989, indicating that this property is overpriced.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor António Passos | Subject | €340,000 | €4,595 | — | — | 58 |
| Vila Real de Santo António · e83489 | Active | €195,000 | €3,900 | 15.1% | 72 | 57 |
| Vila Real de Santo António · be95a5 | Active | €399,000 | €3,694 | 19.6% | — | 60 |
| Vila Real de Santo António · 2ce1d1 | Active | €399,000 | €3,837 | 16.5% | 73 | 64 |
| Vila Real de Santo António · a8075c | Active | €165,000 | €3,929 | 14.5% | 60 | 61 |
| Median comp | €297,000 | €3,869 | 15.8% | 72 | 61 |
Long-term rental This investment strategy may prove less effective due to the apartment's current listing price of €340,000, which is 18.1% above its fair value of €287,989. Additionally, with a gross yield of only 2.6% and a neighborhood score of 58/100, potential returns are likely to be disappointing. Family rental While this property could theoretically appeal to families due to its size, the asking price of €340,000 significantly exceeds the fair market value, indicating that it is overpriced. The combination of low yield and subpar neighborhood rating suggests that families may seek more value elsewhere. Buy-and-hold Holding onto this property as an investment may prove unwise as it is currently listed at €340,000, overvalued by 18.1% compared to its fair value of €287,989. Investors may find better opportunities in properties with a stronger yield and neighborhood evaluation for long-term appreciation. Not ideal for: Short-term rental, Student housing, Luxury market This property is not a suitable candidate for short-term rental strategies given its location away from the tourist-reliant Algarve coast, rendering it less appealing to transient visitors. Similarly, the lack of amenities and rural setting diminish its attractiveness for student housing and the luxury market segments.
Economic Downturn Risk The economic stability score of 45/100 indicates a high risk of potential downturns affecting market demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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