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 82 m² on the 2nd floor, built in 1995, energy rating C. Located Montenegro parish, Faro municipality, Faro district. This property features a closed box garage, providing convenient secure storage, and is located just minutes from Faro Airport and Praia de Faro, enhancing its accessibility.
The valuation. The asking price of €345,000 is €27,350 (8.6%) above the fair value of €317,650. This property is considered fairly priced in the current market.
Fair value modelled at €317,650 from 6 comparable sales in the area. Asking €345,000 sits €27,350 (8.6%) above — overpriced versus fair value.
Asking €345,000 versus the Montenegro, Faro, Faro area baseline of €328,989 (€4,012/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €328,989, adjusted for condition and micro-location, gives a modelled fair value of €317,650 (€3,874/m²), a €27,350 (8.6%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montenegro · 1f34bf | Subject | €345,000 | €4,207 | — | 68 | 60 |
| estrada Loulé | Active | €399,000 | €3,874 | 7.9% | 63 | 74 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 3.2% | 70 | 64 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 31.0% | 60 | 70 |
| Faro (Sé e São Pedro) · 25f629 | Active | €399,000 | €3,874 | 7.9% | 63 | 61 |
| Median comp | €352,000 | €3,874 | 7.9% | 63 | 67 |
Long-term rental The 2-bed apartment in Montenegro, Faro is fairly valued at €345,000, with a slight gap of 8.6% from its fair value of €317,650. With a yield of 3.8% gross and a neighborhood quality rating of 60/100, it offers a steady rental income potential with moderate tenant quality. Short-term vacation rental Given the tourist influx influenced by proximity to the Algarve coast, the 2-bed apartment can capitalize on short-term vacation rentals, but its fair value indicates a cautious approach. The neighborhood's amenities and economic factors can sustain occupancy rates, although the current valuation limits potential for significant profit margins. Buy-and-hold As a buy-and-hold investment, the property is fairly valued and reflects a stable investment within a market that benefits from consistent tourist activity. However, with a gross yield of only 3.8%, investors might find the appreciation potential limited, making it a less compelling option for long-term gains.
Economic Vulnerability The economic stability score of 55/100 indicates a moderate risk of economic downturn affecting property values and rental demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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