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 81 m² on the 2nd floor, built in 1994, energy rating D. Located on rua Doutor José São Colaço Fernandes, Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. This apartment features two balconies offering varied outdoor exposure, enhancing natural light and providing ample outdoor space in a central location near amenities and the beach.
The asking price of €240,000 is above our fair value estimate of €172,000, indicating that the property is overpriced with a downside potential of €68,000, representing a 28.3% decrease from the asking price. The estimated gross yield is 7.9%, providing context prior to costs and vacancy considerations.
The asking price is above the fair value. The fair value is derived from a combination of two models: the Transaction model, which accounts for recorded sale prices from Vila Real de Santo António, and the Adjusted asking-price model, which considers current listings adjusted to sales levels. These models are blended, with the Transaction model weighted at 55% and the Adjusted model at 45%. Conservative adjustments are made for relevant factors, resulting in a fair value of €172,000, which is 8.6% lower than the central estimate of €188,000. The asking price is €240,000, indicating a substantial 28.3% downside from the fair value, leading to a high confidence level in this assessment.
Gross yield 7.9% (before costs)
No specific strategy stands out for this property.
The asking price of €240,000 is significantly above the fair value of €172,000, reflecting a 28.3% downside versus the asking price. This substantial overvaluation should prompt investors to closely consider the condition rating of 63/100 and the neighborhood rating of 50/100. These factors could impact future values and marketability in the Vila Real de Santo António area.
Indicative, before costs, vacancy and management. Not investment advice.
Tenant and economic instability risk With both economic stability and tenant stability scores at 50/100, there is a significant risk of fluctuating demand and potential vacancy, adversely impacting rental income.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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