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 100 m², built in 1987, energy rating D. Located on rua de Gonçalo Velho, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. This apartment features two balconies that enhance its outdoor living space, providing opportunities for relaxation while enjoying the region's favorable climate.
The valuation. The asking price of €295,000 is significantly above the fair value of €183,350, indicating an overpriced status of €111,650 (37.8%). This property does not represent a viable investment given its inflated asking price.
Fair value modelled at €183,350 from the area baseline, adjusted for condition and location. Asking €295,000 sits €111,650 (37.8%) above — overpriced versus fair value.
Asking €295,000 versus the rua de Gonçalo Velho area baseline of €409,000 (€4,090/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 59/100 (Housing Market 40 · Amenities 60 · Economic 45 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua de Gonçalo Velho
Area baseline €409,000 + condition +€5,469 + location +€6,181 = modelled fair value of €183,350 (€1,833/m²), a €111,650 (37.8%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Gonçalo Velho | Subject | €295,000 | €2,950 | — | 75 | 59 |
| rua Diogo Cão, 2 | Active | €470,000 | €5,949 | 101.7% | 74 | 55 |
| rua de Ceuta, 2 | Active | €275,000 | €3,929 | 33.2% | 77 | 57 |
| Monte Gordo · 956f3a | Active | €300,000 | €4,286 | 45.3% | 75 | 58 |
| autoestrada N125 | Active | €225,000 | €4,891 | 65.8% | 80 | 53 |
| Median comp | €287,500 | €4,589 | 55.5% | 76 | 56 |
Long-term rental The property’s gross yield of 3.5% is relatively low compared to market averages, indicating that it may not generate substantial cash flow for investors. Moreover, with a fair value significantly lower than the listing price, this asset is priced above what fundamental investing principles would suggest. Buy-and-hold Holding this property long-term could create challenges, as the current price of €295,000 represents a 37.8% premium over its fair value, leading to potential equity losses if market conditions do not improve. Given the lack of amenities and moderate neighborhood rating, long-term appreciation may take longer than desired, making it a less attractive option for patient investors.
Economic vulnerability With an economic stability score of 45/100, there is a significant risk of economic downturns affecting property value and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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