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 78 m², energy rating C. Located Montenegro parish, Faro municipality, Faro district. Noteworthy Features: This apartment features a cozy living room with a fireplace and has potential for conversion to a T2 layout, enhancing its investment value.
The valuation. The asking price of €305,000 sits at approximately 2.7% above the fair value of €296,911, indicating that this property is fairly priced. This suggests that the investment reflects the current market conditions without being a bargain.
Fair value modelled at €296,911 from 6 comparable sales in the area. Asking €305,000 sits €8,089 (2.7%) above — overpriced versus fair value.
Asking €305,000 versus the Montenegro, Faro, Faro area baseline of €293,486 (€3,763/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €293,486, adjusted for condition and micro-location, gives a modelled fair value of €296,911 (€3,807/m²), a €8,089 (2.7%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montenegro · 5da2f5 | Subject | €305,000 | €3,910 | — | 73 | 60 |
| Faro (Sé e São Pedro) · 25f7bb | Active | €540,000 | €4,154 | 6.2% | 80 | 63 |
| Faro (Sé e São Pedro) · b7c221 | Active | €340,000 | €3,542 | 9.4% | 76 | 65 |
| rua Doctor Guilherme Centazzi | Active | €348,000 | €3,164 | 19.1% | 74 | 63 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 4.1% | 70 | 64 |
| Median comp | €344,000 | €3,807 | 2.7% | 75 | 64 |
Long-term rental This 1-bed apartment in Montenegro offers a solid gross yield of 4.1%, indicating its potential as a long-term rental option. However, with a fair value of €296,911, it is priced at €305,000, suggesting limited upside for rental investors seeking high returns. Value-add renovation Considering the apartment's condition rating of 77/100, there may be opportunities for enhancing value through targeted renovations. Nevertheless, at a listing price above fair value, any investment in improvements would require careful financial analysis to ensure positive returns. Short-term vacation rental The proximity to Albufeira may attract seasonal tourists, offering potential for short-term vacation rentals. Nonetheless, with a current valuation above the fair value benchmark, investors should proceed cautiously in assessing the net profitability of such an approach.
Economic Vulnerability The low economic stability score of 50/100 indicates a potential risk of economic downturns affecting property value and investment returns, which could be compounded by the moderate tenant stability score of 65/100 suggesting possible tenant turnover issues.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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