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 62 m² on the 8th floor, energy rating C. Located on avenida da Catalunha, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. This apartment boasts panoramic views from its 8th-floor position, enhancing its appeal as a vacation rental in the vibrant Monte Gordo area, complemented by a lively residential atmosphere.
The valuation. The asking price of €310,000 is significantly above the fair value of €241,681, indicating an overvaluation of €68,319 (28.3%). It’s important to approach this property with caution due to its inflated asking price.
Fair value modelled at €241,681 from 6 comparable sales in the area. Asking €310,000 sits €68,319 (28.3%) above — overpriced versus fair value.
Asking €310,000 versus the avenida da Catalunha area baseline of €264,527 (€4,267/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €264,527, adjusted for condition and micro-location, gives a modelled fair value of €241,681 (€3,898/m²), a €68,319 (28.3%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida da Catalunha | Subject | €310,000 | €5,000 | — | 70 | 56 |
| rua Nova de Lisboa B | Active | €290,000 | €5,179 | 3.6% | 66 | 60 |
| travessa Bartolomeu Dias, 10 | Active | €280,000 | €3,784 | 24.3% | 65 | 53 |
| rua Almirante Cândido dos Reis | Active | €225,000 | €3,516 | 29.7% | 70 | 64 |
| Monte Gordo · 6fbafd | Active | €250,000 | €3,846 | 23.1% | 70 | 65 |
| Median comp | €265,000 | €3,815 | 23.7% | 68 | 62 |
Long-term rental The 2-bed apartment in Monte Gordo, listed at €310,000 but with a fair value of only €241,681, represents a significant overvaluation of 28.3%. With a gross yield of just 3%, the property may struggle to attract long-term tenants, particularly in a rural area with limited economic activity. Family rental Given that the apartment's condition is rated at 65/100 and the neighborhood at 56/100, the appeal for family rentals is constrained despite the size of the property. The high price compared to fair value undermines its attractiveness for families seeking spacious yet affordable living options in the Algarve region.
Economic Vulnerability Given an economic stability score of 40/100, there is a significant risk of fluctuating rental income and potential tenant turnover, which may negatively impact financial returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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