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 60 m² on the 2nd floor, built in 1984. Located on rua Dom Francisco de Almeida, 6, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment benefits from a privileged location on D. Francisco de Almeida Street, just a short stroll from the picturesque Monte Gordo beach. Condition Notes: While the kitchen and bathroom are functional, cosmetic upgrades could enhance their appeal.
The valuation. The asking price of €270,000 exceeds the fair value of €227,799 by €42,201, which represents an 18.5% premium. This valuation indicates that the property is overpriced.
Fair value modelled at €227,799 from 6 comparable sales in the area. Asking €270,000 sits €42,201 (18.5%) above — overpriced versus fair value.
Asking €270,000 versus the rua Dom Francisco de Almeida, 6 area baseline of €244,771 (€4,080/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €244,771, adjusted for condition and micro-location, gives a modelled fair value of €227,799 (€3,797/m²), a €42,201 (18.5%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom Francisco de Almeida, 6 | Subject | €270,000 | €4,500 | — | 70 | 58 |
| Monte Gordo · cfdde9 | Active | €265,000 | €3,732 | 17.1% | 68 | 52 |
| rua Gil Eanes S / N | Active | €275,000 | €3,986 | 11.4% | 62 | 55 |
| Monte Gordo · 4bbc55 | Active | €320,000 | €3,810 | 15.3% | 70 | 63 |
| Monte Gordo · b7b54f | Active | €420,000 | €4,330 | 3.8% | 69 | 53 |
| Median comp | €297,500 | €3,898 | 13.4% | 69 | 54 |
Short-term vacation rental The current listing price of €270,000 represents a significant 18.5% premium over the fair value of €227,799, suggesting that this property is overpriced for a vacation rental market that demands competitive pricing. With a yield of only 3.5% gross, this investment risks underperforming against potential short-term rental alternatives in the Algarve region. Buy-and-hold At €270,000, the apartment's asking price exceeds the fair value of €227,799, indicating that it is overpriced for a buy-and-hold strategy. The potential for capital appreciation may be hindered by the existing gap in value and the apartment's mediocre condition score of 62/100, which limits its attractiveness to long-term investors. Value-add renovation Listed at €270,000, this apartment is 18.5% above the estimated fair value of €227,799, reflecting that it is overpriced, especially for a value-add renovation strategy. While renovation could improve property value, the high initial investment relative to fair value raises concerns about realizing a positive return on investment in the competitive Monte Gordo market.
Economic Volatility Risk With an economic stability score of 50/100, there is a significant risk of local economic downturns impacting rental income and property value negatively.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
