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 76 m², built in 1973, energy rating C. Located on rua 25 de Abril, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This property includes a private outdoor patio significantly affected by moisture damage, alongside modern, high-end finishes in select areas, indicating renovation opportunities.
The valuation. The asking price of €208,000 sits below the fair value of €224,762, reflecting a difference of €16,762 or 7.5%. This positions the property as a fair investment opportunity. Buy-to-flip angle. The resale strategy entails renovating the inconsistent finishes to elevate the overall quality, aiming for a swift resale at a premium price in a sought-after tourist location. Buy-to-let angle. With an estimated rental income of €867/month, the property offers a gross yield of 5%, appealing for long-term family rentals or short-term vacation stays in the Algarve.
Fair value modelled at €224,762 from 6 comparable sales in the area. Asking €208,000 sits €16,762 (7.5%) below — the upside to fair value.
Asking €208,000 versus the rua 25 de Abril area baseline of €199,094 (€2,620/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €199,094, adjusted for condition and micro-location, gives a modelled fair value of €224,762 (€2,957/m²), a €16,762 (7.5%) gap versus the €208,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 25 de Abril | Subject | €208,000 | €2,737 | — | 55 | 56 |
| Monte Gordo · 53cd42 | Active | €299,500 | €3,744 | 36.8% | 68 | 50 |
| Vila Real de Santo António · 90d91a | Active | €225,000 | €2,744 | 0.3% | — | 53 |
| Monte Gordo · ade61b | Active | €249,000 | €3,557 | 30.0% | 70 | 61 |
| urbanização Monte Fino, 12C | Active | €300,000 | €2,459 | 10.2% | 62 | 56 |
| Median comp | €274,250 | €3,151 | 15.1% | 68 | 55 |
Short-term vacation rental This property presents a fair investment opportunity for short-term vacation rentals given its attractive yield of 5%, despite being at a 7.5% gap from fair value. The Algarve is a well-known tourist destination, which can support steady rental demand, especially during peak seasons. Buy-and-hold The stability indicated by a 5% gross yield suggests that holding this property long-term may yield respectable returns, although it is currently priced fairly with a valuation gap of only 7.5%. The neighborhood's moderate condition and tenant quality scores imply potential for gradual appreciation over time, aligning with a steady buy-and-hold strategy. Family rental While the property may attract a steady stream of family tenants due to the general demand in the Algarve, its current fair value suggest it is not ideal for aggressive rental strategies. The apartment’s condition and the neighborhood's overall rating could limit long-term satisfaction for family renters, suggesting a more cautious approach may be necessary.
Weak economic foundations The economic stability score of 50/100 indicates potential challenges in the local economy, which could affect tenant demand and rental rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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