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 71 m² on the 1st floor, energy rating C. Located Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. This property boasts spacious balconies that enhance natural light and outdoor living, and features a communal terrace on the top floor for additional leisure space.
The asking price of €250,000 is significantly above our estimated fair value of €185,000, indicating the property is overpriced by €65,000 and reflects a 26.1% downside relative to the asking price. Confidence in this fair value assessment is low. The estimated gross yield for this property is 6.7%.
The property’s fair value is determined using a combination of two models. The Transaction model relies on real transaction data, analyzing 92 recorded sales in Vila Real de Santo António. The Adjusted asking-price model takes into account current listings with adjustments made to the asking prices to reflect more realistic sale prices. These models are blended, weighing the Transaction model at 55% and the Adjusted asking-price model at 45%, with conservative adjustments made for costs to cure. The result indicates that the fair value is €185,000, leading to the conclusion that the asking price is above the fair value. The confidence in this assessment is low.
Gross yield 6.7% (before costs)
No specific strategy stands out for this property.
When considering this property, the investor should weigh the asking price of €250,000 against its fair value of €185,000, indicating a substantial downside of 26.1% versus the asking price. Additionally, the property's condition is rated at 65/100, suggesting it may require some level of maintenance or upgrading, and it is located in a neighbourhood rated 50/100, which points to potential challenges in desirability or growth. Overall, the asking price is above the fair value, indicating caution is advisable.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score of 50/100 and tenant stability score of 50/100 suggest a potentially unstable investment environment, causing concerns about consistent rental income and occupancy rates. Fair value certainty risk The valuation of the property at a fair value of €185,000 is associated with low confidence due to the lack of micro-location transaction data and significant differences in estimates, indicating uncertainty in the property's accurate market value.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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