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 65 m² on the 7th floor, energy rating C. Located on alameda da Índia, 7, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Key Features: This apartment offers a dedicated garage space and is located mere minutes from the beach, enhancing both convenience and potential rental appeal in Monte Gordo.
The valuation. The asking price of €385,000 exceeds the fair value of €298,253 by €86,747, reflecting a premium of 29.1%. This indicates the property is overpriced as it does not represent a sound investment opportunity at this price point.
Fair value modelled at €298,253 from 6 comparable sales in the area. Asking €385,000 sits €86,747 (29.1%) above — overpriced versus fair value.
Asking €385,000 versus the alameda da Índia, 7 area baseline of €304,829 (€4,690/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 is above the parish average, lifting 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 €304,829, adjusted for condition and micro-location, gives a modelled fair value of €298,253 (€4,589/m²), a €86,747 (29.1%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| alameda da Índia, 7 | Subject | €385,000 | €5,923 | — | 80 | 50 |
| Monte Gordo · 225a53 | Active | €440,000 | €5,238 | 11.6% | 74 | 52 |
| rua de Ceuta, 2 | Active | €275,000 | €3,929 | 33.7% | 77 | 57 |
| Monte Gordo · 956f3a | Active | €300,000 | €4,286 | 27.6% | 75 | 58 |
| autoestrada N125 | Active | €225,000 | €4,891 | 17.4% | 80 | 53 |
| Median comp | €287,500 | €4,589 | 22.5% | 76 | 55 |
Long-term rental The potential for long-term rental at this property's gross yield of 2.3% suggests a disappointing return given the current valuation of €385,000, which is significantly higher than its estimated fair value of €298,253. Additionally, the neighborhood rating of 50/100 indicates that tenant demand may be compromised, further challenging the property’s profitability in this strategy. Short-term vacation rental While the Algarve region boasts strong tourism appeal, the €385,000 asking price for the property may deter potential short-term vacation renters, as it is overpriced by 29.1% compared to fair market value. Coupled with the apartment’s lower condition score of 79/100 and a neighborhood rating that suggests limited amenities, this strategy is likely to yield returns below expectations despite the area's tourist influx.
High vacancy risk With both economic stability and tenant stability scores at 45/100, there is a significant risk of prolonged vacancies that could impact cash flow and overall investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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