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, 2-bathroom apartment of 80 m², energy rating D. Located Montenegro parish, Faro municipality, Faro district. The apartment features expansive windows that enhance natural light and a private balcony perfect for outdoor relaxation, contributing to a vibrant living atmosphere.
The valuation. The asking price of €380,000 exceeds the fair value of €367,140 by €12,860 (3.5%), indicating it is fairly valued within the current market context.
Fair value modelled at €367,140 from 6 comparable sales in the area. Asking €380,000 sits €12,860 (3.5%) above — overpriced versus fair value.
Asking €380,000 versus the Montenegro, Faro, Faro area baseline of €362,555 (€4,532/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €362,555, adjusted for condition and micro-location, gives a modelled fair value of €367,140 (€4,589/m²), a €12,860 (3.5%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montenegro · 133aad | Subject | €380,000 | €4,750 | — | 80 | 67 |
| Faro (Sé e São Pedro) · 19f627 | Active | €357,000 | €4,697 | 1.1% | 80 | 74 |
| avenida Calouste Gulbenkian | Active | €237,500 | €4,481 | 5.7% | 72 | 58 |
| Montenegro · 6a913e | Active | €449,000 | €3,508 | 26.2% | 75 | 65 |
| avenida 5 de Outubro | Active | €280,000 | €5,600 | 17.9% | 75 | 73 |
| Median comp | €318,500 | €4,589 | 3.4% | 75 | 69 |
Short-term vacation rental The property is fairly priced at €380,000, presenting a gross yield of 3.2%, which aligns with the seasonal demand in the Algarve region. Factors such as condition and the potential influx of tourists during peak seasons support the viability of this investment strategy. Long-term rental With a reasonable valuation of €380,000, the property could serve as a stable long-term rental investment, particularly appealing to tenants attracted by the region's amenities and coastal living. While the gross yield of 3.2% may not indicate explosive returns, it does suggest reliability in tenant quality and rental income. Buy-and-hold Holding the property at the fair market price of €380,000 may provide moderate appreciation over the long term, given the ongoing attractiveness of the Algarve. While the fair value assessment suggests no immediate upside, the solid condition and neighborhood score indicate potential stability in value retention over time.
Moderate Economic Risk With an economic stability score of 55/100, there is a moderate risk of economic fluctuations impacting tenant retention 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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