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, 2-bathroom apartment of 128 m² on the 3rd floor, built in 2006, energy rating C. Located Montenegro parish, Faro municipality, Faro district. The apartment features balconies in each bedroom, the living room, and the kitchen, enhancing outdoor living options and increasing natural light throughout the space.
The valuation. The asking price of €449,000 is significantly below the fair value of €536,056, representing an attractive opportunity as it is underpriced by €87,056 (16.2%).
Fair value modelled at €536,056 from 6 comparable sales in the area. Asking €449,000 sits €87,056 (16.2%) below — the upside to fair value.
Asking €449,000 versus the Montenegro, Faro, Faro area baseline of €484,557 (€3,786/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €484,557, adjusted for condition and micro-location, gives a modelled fair value of €536,056 (€4,188/m²), a €87,056 (16.2%) gap versus the €449,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montenegro · 6a913e | Subject | €449,000 | €3,508 | — | 75 | 65 |
| avenida Calouste Gulbenkian | Active | €237,500 | €4,481 | 27.7% | 72 | 58 |
| avenida 5 de Outubro | Active | €280,000 | €5,600 | 59.6% | 75 | 73 |
| rua Engenheiro José Campos Coroa | Active | €370,000 | €3,895 | 11.0% | 78 | 66 |
| Faro (Sé e São Pedro) · 23f4fa | Active | €432,000 | €3,108 | 11.4% | 74 | 64 |
| Median comp | €325,000 | €4,188 | 19.4% | 75 | 65 |
Long-term rental The property exhibits a favorable gap of 16.2% below fair value, making it an attractive option for long-term rentals in the region. With a gross yield of 3.3% and a decent condition rating of 78/100, it is well-positioned to attract stable tenants in a desirable location. Short-term vacation rental Given the tourism popularity of the Algarve region, this property offers significant potential for short-term vacation rentals, aligning with the 16.2% gap versus fair value. The current condition and appealing amenities can enhance its attractiveness to visitors seeking quality accommodations. Buy-and-hold Acquiring this property for a buy-and-hold strategy is promising, as it is valued 16.2% below its fair market value, suggesting potential appreciation over time. The combination of a decent yield and the growing demand in the tourism-driven housing market supports long-term capital growth prospects.
Potential Economic Volatility The economic stability score of 65 indicates a moderate risk of fluctuations in market conditions, which may impact rental income and property value over time.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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