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 69 m², built in 1983, energy rating C. Located on rua Gil Eanes S / N, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: The apartment includes updated but somewhat dated features, while its fourth-floor location offers excellent views and ideal exposure to natural light throughout the day.
The valuation. The asking price of €275,000 is significantly above fair value, exceeding it by €168,712, or 61.3%. This indicates that the property is overpriced and does not present an attractive financial opportunity at this price point.
Fair value modelled at €106,288 from the area baseline, adjusted for condition and location. Asking €275,000 sits €168,712 (61.3%) above — overpriced versus fair value.
Asking €275,000 versus the rua Gil Eanes S / N area baseline of €259,026 (€3,754/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 62 · Materials 62 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 55/100 (Housing Market 50 · Amenities 60 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Gil Eanes S / N
Area baseline €259,026 + condition -€14,555 + location +€2,369 = modelled fair value of €106,288 (€1,540/m²), a €168,712 (61.3%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gil Eanes S / N | Subject | €275,000 | €3,986 | — | 62 | 55 |
| Monte Gordo · 4bbc55 | Active | €320,000 | €3,810 | 4.4% | 70 | 63 |
| Monte Gordo · cfdde9 | Active | €265,000 | €3,732 | 6.4% | 68 | 52 |
| praça Marquês de Pombal | Active | €280,000 | €3,944 | 1.0% | 65 | 53 |
| Monte Gordo · b7b54f | Active | €420,000 | €4,330 | 8.6% | 69 | 53 |
| Median comp | €300,000 | €3,877 | 2.7% | 69 | 53 |
Short-term vacation rental While the property is situated in a tourist region, its rural setting limits potential demand, leading to lower viability for short-term vacation rental investments. With a gap of 61.3% above fair value, this unit is overpriced and may struggle to generate sufficient returns to justify the investment. Long-term rental The gross yield of 3.6% combined with a neighborhood rating of 55/100 suggests that long-term rental may not be a profitable strategy for this apartment. Given its overpriced status at €275,000 versus a fair value of €106,288, investors could find better opportunities elsewhere. Value-add renovation Investing in value-add renovations might enhance the apartment's appeal; however, the current condition score of 62/100 highlights the need for significant work. The property’s excessive pricing at 61.3% above fair value complicates the potential ROI from renovation efforts. Not ideal for: Student housing, Luxury market, Buy-and-hold Due to its location and current market valuation, the property is unsuitable for student housing and the luxury market, with its overpriced nature making it a poor buy-and-hold investment as well.
Economic Vulnerability The property is at risk due to a low economic stability score of 45/100, indicating potential challenges in the local economy that could affect tenant demand and rental income.
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