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.
3-bedroom, 2-bathroom apartment of 113 m², built in 2003, energy rating D. Located on rua João Brandeiro, 1, Montenegro parish, Faro municipality, Faro district. Noteworthy Features: Common terrace offers panoramic views, while the property’s lease agreements yield a solid monthly return, making it an appealing investment opportunity.
The valuation. The asking price of €390,000 surpasses the fair value of €317,646 by €72,354 (22.8%). This property is clearly overpriced given current market conditions.
Fair value modelled at €317,646 from 6 comparable sales in the area. Asking €390,000 sits €72,354 (22.8%) above — overpriced versus fair value.
Asking €390,000 versus the rua João Brandeiro, 1 area baseline of €351,849 (€3,114/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €351,849, adjusted for condition and micro-location, gives a modelled fair value of €317,646 (€2,811/m²), a €72,354 (22.8%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua João Brandeiro, 1 | Subject | €390,000 | €3,451 | — | 68 | 60 |
| Faro (Sé e São Pedro) · 6229e8 | Active | €299,000 | €3,082 | 10.7% | 65 | 73 |
| urbanização Alto Rodes Alto Rodes | Active | €357,000 | €2,811 | 18.6% | 75 | 63 |
| rua Ascensao Guimaraes, 2 | Active | €357,000 | €2,811 | 18.6% | 70 | 73 |
| avenida Doctor Gordinho Moreira, 6 | Active | €367,000 | €2,719 | 21.2% | 70 | 62 |
| Median comp | €357,000 | €2,811 | 18.6% | 70 | 68 |
Short-term vacation rental The potential for short-term vacation rentals in Montenegro, Faro is limited due to the property being overpriced by 22.8% compared to its fair value of €317,646. Additionally, with a gross yield of 5.4% and a condition rating of 65/100, the investment may struggle to meet returns that align with market expectations. Buy-and-hold Investing in this 3-bed apartment for a buy-and-hold strategy is not ideal, as its current price of €390,000 represents a significant overvaluation at 22.8% above fair value. The property’s lower neighborhood score of 60/100 further indicates a potential risk in capital appreciation over the long term. Family rental Acquiring this apartment for family rental purposes presents challenges, considering its 22.8% premium over fair market value at €390,000. The average condition rating of 65/100 in combination with the neighborhood's score of 60/100 suggests limited appeal to potential long-term tenants, thus impacting rental demand.
Economic Vulnerability The economic stability score of 60 suggests moderate risk, while a tenant stability score of 50 indicates potential for high tenant turnover, making consistent rental income uncertain.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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