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.
4-bedroom, 4-bathroom house of 226 m², energy rating A. Located on urbanização Meixedo, 63, Montenegro parish, Faro municipality, Faro district. Noteworthy Features: This property includes an independent room with an en-suite bathroom, ideal for guests or a home office, enhancing usability and privacy within the living space.
The valuation. The asking price of €750,000 exceeds the fair value of €619,524 by €130,476 (21.1%), indicating that the property is overpriced. This disconnect suggests the need for caution in pursuing this investment opportunity.
Fair value modelled at €619,524 from 6 comparable sales in the area. Asking €750,000 sits €130,476 (21.1%) above — overpriced versus fair value.
Asking €750,000 versus the urbanização Meixedo, 63 area baseline of €610,649 (€2,702/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €610,649, adjusted for condition and micro-location, gives a modelled fair value of €619,524 (€2,741/m²), a €130,476 (21.1%) gap versus the €750,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Meixedo, 63 | Subject | €750,000 | €3,319 | — | 70 | 52 |
| urbanização de Gambelas S / N | Active | €852,500 | €2,842 | 14.4% | 74 | 64 |
| Faro (Sé e São Pedro) · 4a7e4f | Active | €360,000 | €2,118 | 36.2% | 72 | 65 |
| rua Professor Doutor Reis Cunha, 9 | Active | €849,950 | €2,599 | 21.7% | 90 | 71 |
| Faro (Sé e São Pedro) · f3632c | Active | €920,000 | €3,098 | 6.7% | 79 | 60 |
| Median comp | €851,225 | €2,721 | 18.0% | 77 | 65 |
Short-term vacation rental The property’s high listing price of €750,000, compared to a fair value of €619,524, indicates it is overpriced for a short-term vacation rental strategy, especially given its yield of only 3.4%. The local tourism-driven economy may not justify such a premium, particularly with the seasonal fluctuations that impact tenant stability. Buy-and-hold Investing in this property as a buy-and-hold strategy may be unwise, as the significant gap of 21.1% between its listing price and fair value suggests it is overpriced. Furthermore, the neighborhood's average rating of 52/100 does not provide a robust foundation for long-term appreciation potential. Value-add renovation While value-add renovation strategies often seek properties that can be improved to increase value, this house's current price of €750,000 is still overpriced compared to the fair value benchmark of €619,524. The property's overall condition rating of 73/100 offers some potential, but the considerable upfront investment may not yield a return proportional to the initial purchase price due to its valuation disparity.
High tenant turnover risk With a tenant stability score of 50/100, there is a significant likelihood of high tenant turnover, which can lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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