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 84 m². Located Monte Gordo parish, Vila Real de Santo António municipality, Faro district. The property includes a spacious 20 m² private storage room on the top floor, perfect for storing beach equipment and bicycles, enhancing convenience for coastal living.
The valuation. The asking price of €320,000 is substantially above the fair value of €137,947, representing a premium of €182,053, or 56.9%. Verdict: overpriced. Buy-to-flip angle. The resale strategy focuses on finding buyers willing to pay a premium, possibly by marketing the property's proximity to tourist attractions in the Algarve. Quick renovations could increase appeal, but market conditions are challenging. Buy-to-let angle. With an estimated monthly rental income of €827, the gross yield stands at 3.1%. This strategy aims to attract long-term tenants, capitalizing on the region's tourist influx while ensuring steady cash flow.
Fair value modelled at €137,947 from the area baseline, adjusted for condition and location. Asking €320,000 sits €182,053 (56.9%) above — overpriced versus fair value.
Asking €320,000 versus the Monte Gordo, Vila Real de Santo António, Faro area baseline of €338,100 (€4,025/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 70 · Materials 65 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 65 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Monte Gordo, Vila Real de Santo António, Faro
Area baseline €338,100 + condition -€13,781 + location +€7,500 = modelled fair value of €137,947 (€1,642/m²), a €182,053 (56.9%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Monte Gordo · 4bbc55 | Subject | €320,000 | €3,810 | — | 70 | 63 |
| rua Gil Eanes S / N | Active | €275,000 | €3,986 | 4.6% | 62 | 55 |
| Monte Gordo · cfdde9 | Active | €265,000 | €3,732 | 2.0% | 68 | 52 |
| Monte Gordo · b7b54f | Active | €420,000 | €4,330 | 13.7% | 69 | 53 |
| Monte Gordo · 49b8be | Active | €285,000 | €3,519 | 7.6% | 75 | 59 |
| Median comp | €280,000 | €3,859 | 1.3% | 69 | 54 |
Short-term vacation rental The property is priced at €320,000, which is significantly above the fair value of €137,947, indicating it is overpriced by 56.9%. With a gross yield of only 3.1% and a condition score of 65, the potential returns for short-term vacation rentals may not justify this high asking price. Long-term rental At a listing price of €320,000, this property is notably overpriced compared to the fair value of €137,947. The gross yield of 3.1% does not provide a compelling case for long-term rental investors, especially given the average neighborhood condition score of 63. Buy-and-hold Despite being in a well-known tourist destination, the €320,000 price tag significantly exceeds the fair valuation of €137,947, categorizing it as overpriced. The projected yield of 3.1% and average condition score suggest that the buy-and-hold strategy may not yield adequate returns over time in this instance.
Economic vulnerability The property has a relatively low economic stability score of 55/100, indicating potential susceptibility to economic fluctuations that could impact rental income and property value.
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