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.
2-bedroom, 1-bathroom apartment of 56 m² on the 1st floor, built in 1988, energy rating C. Located on rua Nova de Lisboa B, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: The apartment benefits from a recent kitchen renovation and includes a storage room for added convenience, enhancing both functionality and storage options for residents.
The valuation. The asking price of €290,000 is significantly above the fair value of €218,292, indicating an overvaluation of €71,708 (32.8%). This price point may deter potential buyers seeking a good investment.
Fair value modelled at €218,292 from 6 comparable sales in the area. Asking €290,000 sits €71,708 (32.8%) above — overpriced versus fair value.
Asking €290,000 versus the rua Nova de Lisboa B area baseline of €238,853 (€4,265/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €238,853, adjusted for condition and micro-location, gives a modelled fair value of €218,292 (€3,898/m²), a €71,708 (32.8%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nova de Lisboa B | Subject | €290,000 | €5,179 | — | 66 | 60 |
| Monte Gordo · 6fbafd | Active | €250,000 | €3,846 | 25.7% | 70 | 65 |
| travessa Bartolomeu Dias, 10 | Active | €280,000 | €3,784 | 26.9% | 65 | 53 |
| rua Pêro Vaz de Caminha, 24 | Active | €237,000 | €3,950 | 23.7% | 70 | 56 |
| rua Almirante Cândido dos Reis | Active | €225,000 | €3,516 | 32.1% | 70 | 64 |
| Median comp | €243,500 | €3,815 | 26.3% | 70 | 60 |
Long-term rental The apartment's gross yield of 2.9% suggests limited potential for profitability, especially given its current pricing at €290,000, which is 32.8% above the fair value of €218,292. This makes the property less attractive for long-term rental investors seeking meaningful returns amid a predominantly seasonal employment market. Short-term vacation rental With a fair value significantly lower than the listing price, investing in this apartment for short-term vacation rental appears unappealing, as the yield is constrained by the property being priced at 32.8% above fair value. Additionally, while the location near Algarve tourist areas may drive some demand, the high price point may hinder occupancy rates. Buy-and-hold The property, listed at €290,000, is overpriced in relation to its fair value of €218,292, making it an unsuitable candidate for a buy-and-hold strategy aimed at capital appreciation. The combination of seasonal job fluctuations and a low yield of 2.9% further underscores the challenges of maintaining this investment over the long term.
Potential Tenant Turnover Risk The tenant stability score of 65/100 indicates a moderate risk of turnover, which could affect rental income due to potential vacancies or lease renegotiations in the future.
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