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 115 m² on the 3rd floor, energy rating C. Located Vila Real de Santo António parish, Vila Real de Santo António municipality, Faro district. This third-floor apartment features attractive granite countertops and a functional layout, although the absence of an elevator may deter some potential tenants.
The asking price is significantly above our fair value estimate of €180,000, indicating that the property is overpriced by €100,000, representing a 35.7% downside versus the asking price. Confidence in this fair value assessment is medium.
The fair value of the property is determined using a combination of two models: the Transaction model and the Adjusted asking-price model. The Transaction model accounts for 55% of the fair value, analyzing 72 real transaction data points in Vila Real de Santo António. The Adjusted asking-price model contributes 45%, adjusting current listings to reflect sale levels. Conservative adjustments for factors like area and estimated works reduce the central estimate of €205,000 by 12% to establish the fair value of €180,000. Therefore, the asking price is above the fair value, indicating a significant gap. Overall, confidence in this valuation is medium.
Gross yield 8.4% (before costs)
No specific strategy stands out for this property.
Investors should weigh the property’s asking price of €280,000 against its fair value of €180,000, which indicates a downside of 35.7% from the asking price. The apartment, with a condition rating of 63/100 and location rating of 50/100, suggests potential challenges in both appeal and desirability in the market. Therefore, careful consideration of these factors is essential before proceeding further.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability and tenant stability scores of 50/100 indicate potential instability in tenant demand and rental income. Fair value certainty risk The valuation is at a medium confidence level due to the lack of micro-location transaction data for this address, which could affect the certainty of the fair value estimated at €180,000.
Grade BFindings: 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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