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 75 m² on the 1st floor, built in 2003. Located on urbanização Monte Fino, 108, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment includes a versatile attic space, enhancing its potential for additional usage, and boasts a 6.5m² balcony that invites enjoyment of the outdoors.
The valuation. The asking price of €215,000 sits €27,198 (11.2%) below the fair value of €242,198, making it underpriced in the current market. This presents an attractive opportunity for potential buyers looking for value.
Fair value modelled at €242,198 from 6 comparable sales in the area. Asking €215,000 sits €27,198 (11.2%) below — the upside to fair value.
Asking €215,000 versus the urbanização Monte Fino, 108 area baseline of €252,436 (€3,366/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €252,436, adjusted for condition and micro-location, gives a modelled fair value of €242,198 (€3,229/m²), a €27,198 (11.2%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Monte Fino, 108 | Subject | €215,000 | €2,867 | — | 75 | 63 |
| Monte Gordo · ade61b | Active | €249,000 | €3,557 | 24.1% | 70 | 61 |
| Vila Real de Santo António · 90d91a | Active | €225,000 | €2,744 | 4.3% | — | 53 |
| Vila Real de Santo António · 6f40dd | Active | €290,000 | €3,085 | 7.6% | 75 | 60 |
| avenida Ministro Duarte Pacheco | Active | €195,000 | €2,746 | 4.2% | 60 | 52 |
| Median comp | €237,000 | €2,916 | 1.7% | 70 | 57 |
Long-term rental The 1-bed apartment in Monte Gordo demonstrates a fair value of €242,198 against a listing price of €215,000, indicating it is subvalued and presents a promising opportunity for long-term rental income at a gross yield of 4.3%. The strong tourist economy and typical Algarve safety profile enhance tenant quality and ensure stable demand for rentals in the area. Short-term vacation rental With a listing price of €215,000, this apartment is assessed at €242,198 fair value, marking it as subvalued and attractive for short-term vacation renting, particularly due to its location in a tourist hotspot. The favorable yield of 4.3% supports the potential for lucrative returns, enhanced by the area's amenity offerings and economic stability. Buy-and-hold This property, priced at €215,000 yet valued at €242,198, is subvalued, making it a compelling buy-and-hold investment in Monte Gordo. The supporting tourist economy and positive neighborhood characteristics suggest solid long-term appreciation potential and reliable rental income.
Tenant turnover risk The combined tenant stability score of 65/100 indicates a potential for higher vacancy rates and turnover, which could affect rental income.
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