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 penthouse of 218 m² on the 3rd floor, built in 2021, energy rating A. Located on rua António Carrusca Rodrigues, 6, Montenegro parish, Faro municipality, Faro district. This penthouse features an expansive 40m² balcony and a private terrace with a jacuzzi for 7, enhancing outdoor leisure and entertainment opportunities.
The valuation. The asking price of €750,000 is slightly below the fair value of €772,617, sitting at a mere 2.9% discount. This indicates that the property is priced fairly within the current market.
Fair value modelled at €772,617 from 6 comparable sales in the area. Asking €750,000 sits €22,617 (2.9%) below — the upside to fair value.
Asking €750,000 versus the rua António Carrusca Rodrigues, 6 area baseline of €694,129 (€3,184/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €694,129, adjusted for condition and micro-location, gives a modelled fair value of €772,617 (€3,544/m²), a €22,617 (2.9%) gap versus the €750,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Carrusca Rodrigues, 6 | Subject | €750,000 | €3,440 | — | 82 | 60 |
| Faro (Sé e São Pedro) · 0014f6 | Active | €549,000 | €3,760 | 9.3% | 81 | 61 |
| rua Corina Freire, 11 | Active | €619,000 | €3,328 | 3.3% | 78 | 63 |
| urbanização Hortas das Figuras | Active | €499,500 | €2,730 | 20.7% | 75 | 68 |
| rua José Saramago | Active | €420,000 | €3,000 | 12.8% | 75 | 63 |
| Median comp | €524,250 | €3,164 | 8.0% | 77 | 63 |
Long-term rental The property offers a stable gross yield of 3%, which reflects consistent rental income potential for long-term tenants. However, the somewhat limited tenant quality and lower neighbourhood rating may impact higher rent growth prospects. Short-term vacation rental While the location near the Algarve coast could attract seasonal visitors, the 3% yield suggests that the property may not generate significant revenue on short-term rentals. Additionally, the fluctuating demand in a seasonal market makes this investment riskier compared to more stable rental strategies. Buy-and-hold This penthouse is positioned fairly in the market, close to the Algarve coast, but it is unlikely to appreciate substantially due to its fair value standing. The overall economic factors in the area suggest that long-term growth may be tempered, making it a cautious buy-and-hold investment.
Economic Vulnerability The property faces a risk due to both economic and tenant stability scores of 55/100, indicating potential instability in cash flow and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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