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.
1-bedroom, 1-bathroom apartment of 81 m², built in 2022, energy rating B. Located on rua Doutor António de Passos, 19, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. The apartment features a spacious 25m² terrace with views over the historic city, enhancing outdoor living and accessibility to local attractions.
The valuation. The asking price of €299,900 significantly exceeds the fair value of €150,744, making the property overpriced by €149,156, or 49.7%. This discrepancy indicates a poor investment relative to the property's true worth.
Fair value modelled at €150,744 from the area baseline, adjusted for condition and location. Asking €299,900 sits €149,156 (49.7%) above — overpriced versus fair value.
Asking €299,900 versus the rua Doutor António de Passos, 19 area baseline of €331,290 (€4,090/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 81 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 53/100 (Housing Market 50 · Amenities 55 · Economic 48 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Doutor António de Passos, 19
Area baseline €331,290 + condition +€9,998 + location +€1,669 = modelled fair value of €150,744 (€1,861/m²), a €149,156 (49.7%) gap versus the €299,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor António de Passos, 19 | Subject | €299,900 | €3,702 | — | 81 | 53 |
| rua Nossa Senhora das Dores | Active | €214,000 | €5,487 | 48.2% | 80 | 65 |
| rua Dom Francisco de Almeida | Active | €575,000 | €6,765 | 82.7% | 76 | 58 |
| Monte Gordo · f36303 | Active | €420,000 | €5,455 | 47.3% | 80 | 53 |
| autoestrada N125 | Active | €225,000 | €4,891 | 32.1% | 80 | 53 |
| Median comp | €322,500 | €5,471 | 47.8% | 80 | 56 |
Long-term rental The 1-bed apartment in Monte Gordo is overvalued at €299,900, with a fair value of only €150,744, resulting in a substantial 49.7% gap. With a low gross yield of 2.9% and a lackluster neighborhood score of 53/100, this property presents a difficult long-term rental investment. Short-term vacation rental Given its overestimation in price and the fair value being significantly lower, the 1-bed apartment in Monte Gordo does not align well with a viable short-term vacation rental strategy. The property's condition and yield do not support its current listing when considering the competitiveness of the tourism market in the region. Not ideal for luxury market The apartment's high price tag does not reflect its potential within the luxury market, particularly given the rural Algarve location and the surrounding amenities. An evaluation reveals that the property lacks the cachet and demand typically expected in the luxury segment, making it a poor fit. Not ideal for student housing In terms of suitability for student housing, the properties in this neighborhood do not cater to the quality demanded by students, and the local tenant quality is limited. With an unfavorable overall investment landscape, this property is ill-equipped to attract reliable student tenants.
Economic Instability Risk The economic stability score of 48/100 indicates a high risk of economic downturn, which may negatively affect tenant demand and rental income.
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