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 60 m² on the 2nd floor, energy rating C. Located on rua Pêro Vaz de Caminha, 24, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment includes a charming balcony accessible from the bedroom, offering serene views and additional natural light to the living spaces.
The valuation. The asking price of €237,000 is significantly above the fair value of €98,180, representing an excess of €138,820 or 58.6%. This property is clearly overpriced and does not provide value for investors.
Fair value modelled at €98,180 from the area baseline, adjusted for condition and location. Asking €237,000 sits €138,820 (58.6%) above — overpriced versus fair value.
Asking €237,000 versus the rua Pêro Vaz de Caminha, 24 area baseline of €245,400 (€4,090/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 70 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 56/100 (Housing Market 50 · Amenities 55 · Economic 45 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Pêro Vaz de Caminha, 24
Area baseline €245,400 + condition -€7,312 + location +€2,472 = modelled fair value of €98,180 (€1,636/m²), a €138,820 (58.6%) gap versus the €237,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Pêro Vaz de Caminha, 24 | Subject | €237,000 | €3,950 | — | 70 | 56 |
| Monte Gordo · 6fbafd | Active | €250,000 | €3,846 | 2.6% | 70 | 65 |
| rua Afonso de Albuquerque, 39 | Active | €250,000 | €4,545 | 15.1% | 55 | 58 |
| Monte Gordo · 956f3a | Active | €300,000 | €4,286 | 8.5% | 75 | 58 |
| rua de Ceuta, 2 | Active | €275,000 | €3,929 | 0.5% | 77 | 57 |
| Median comp | €262,500 | €4,108 | 4.0% | 73 | 58 |
Short-term vacation rental The apartment's high gap percentage of 58.6% indicates a significant disparity between its listing and fair value, making it a questionable investment for short-term vacation rentals. With a gross yield of only 3.5%, the potential returns seem inadequate given the current pricing. Buy-and-hold Considering the current market valuation, the property appears overpriced at €237,000, with a fair value of just €98,180. The combination of a mediocre condition score of 67/100 and a lack of appeal in the neighborhood suggests that long-term appreciation is unlikely. Value-add renovation Investing in renovation to increase the property's appeal could be hindered by the initial overpriced nature of €237,000, severely limiting the upside potential. With the neighborhood rated just 56/100 and significant work needed to achieve better condition ratings, the investment risk outweighs potential rewards.
Economic Vulnerability Given the low economic stability score of 45/100, there is a heightened risk of fluctuations that could negatively impact rental income or property value.
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