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 72 m² on the 4th floor, energy rating C. Located Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment boasts a spacious balcony perfect for outdoor relaxation and is conveniently located just a 5-minute walk from Monte Gordo Beach, enhancing its appeal for vacation rentals.
The valuation. The asking price of €220,000 sits €13,943 (6.8%) above the fair value of €206,057, indicating a fair pricing situation. This positioning suggests that while not a bargain, the property represents a reasonable investment opportunity in current market conditions.
Fair value modelled at €206,057 from 6 comparable sales in the area. Asking €220,000 sits €13,943 (6.8%) above — overpriced versus fair value.
Asking €220,000 versus the Monte Gordo, Vila Real de Santo António, Faro area baseline of €241,043 (€3,348/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €241,043, adjusted for condition and micro-location, gives a modelled fair value of €206,057 (€2,862/m²), a €13,943 (6.8%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Monte Gordo · 5da2c1 | Subject | €220,000 | €3,056 | — | 64 | 54 |
| Vila Real de Santo António · 90d91a | Active | €225,000 | €2,744 | 10.2% | — | 53 |
| urbanização Monte Fino, 108 | Active | €215,000 | €2,867 | 6.2% | 75 | 63 |
| Monte Gordo · ade61b | Active | €249,000 | €3,557 | 16.4% | 70 | 61 |
| avenida da Catalunha, 15 | Active | €310,000 | €3,563 | 16.6% | 60 | 65 |
| Median comp | €237,000 | €3,212 | 5.1% | 70 | 62 |
Long-term rental The property offers a stable gross yield of 4%, which aligns with the expectations for the long-term rental market within rural Algarve. With a fair value of €206,057 compared to the listing price of €220,000, the investment stands at a fair valuation, making it a reasonable option for steady rental income. Value-add renovation Although the property is currently rated at 60/100 in condition, targeted renovations could enhance its appeal and tenant quality, potentially increasing rental rates in a neighborhood that scores 54/100. While the investment lacks remarkable upside at its current price, strategic improvements can still yield future benefits in this regional market. Not ideal for: Luxury market, Short-term vacation rental
High Economic Risk The property's low economic stability score of 35/100 suggests a significant risk that local economic conditions may adversely affect property values and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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