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 70 m², energy rating C. Located Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Unique Feature: This apartment benefits from its proximity to the beach while being situated in a peaceful area, ensuring both relaxation and convenience for beachgoers.
The valuation. The asking price of €249,000 is significantly above the fair value of €203,028, representing an overpriced situation by €45,972 or 22.6%. This suggests that potential investors should approach with caution.
Fair value modelled at €203,028 from 6 comparable sales in the area. Asking €249,000 sits €45,972 (22.6%) above — overpriced versus fair value.
Asking €249,000 versus the Monte Gordo, Vila Real de Santo António, Faro area baseline of €231,003 (€3,300/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €231,003, adjusted for condition and micro-location, gives a modelled fair value of €203,028 (€2,900/m²), a €45,972 (22.6%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Monte Gordo · ade61b | Subject | €249,000 | €3,557 | — | 70 | 61 |
| Vila Real de Santo António · 90d91a | Active | €225,000 | €2,744 | 22.9% | — | 53 |
| avenida Ministro Duarte Pacheco | Active | €195,000 | €2,746 | 22.8% | 60 | 52 |
| rua Jornal do Algarve, 4B4 | Active | €209,000 | €2,944 | 17.2% | 70 | 60 |
| rua Doctor José Colaço Fernandes | Active | €220,000 | €2,857 | 19.7% | 60 | 61 |
| Median comp | €214,500 | €2,802 | 21.2% | 60 | 57 |
Short-term vacation rental\nThe property is overpriced at €249,000, which is 22.6% above its fair value of €203,028, limiting potential profit margins for seasonal rental income in the competitive Algarve market. Given its moderate yield of 3.5% and the dependency on tourism, the investment may not provide the desired returns during off-peak seasons.\n\nBuy-and-hold\nWith the current asking price significantly exceeding its fair value, this property represents a less attractive long-term investment despite the potential appreciation in a tourist-centric location. The limited economic diversity in Monte Gordo further highlights the risks associated with holding this asset amidst market fluctuations.\n\nFamily rental\nThe apartment’s price point places it above the ideal rental range for families, particularly in a neighbourhood rated only 61/100 for tenant quality. Given these conditions, the high investment cost could deter long-term family tenants, making this strategy less viable.
Tenant turnover risk The tenant stability score of 60/100 suggests a moderate likelihood of turnover, which could impact rental income and increase costs associated with finding new tenants.
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