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 120 m² on the 3rd floor, energy rating E. Located on rua Tristão Vaz Teixeira, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment uniquely offers a 60 m² private terrace, perfect for outdoor entertainment and sunbathing, and features modern, energy-efficient double-glazed windows. Location Advantage: Situated just 400-500 meters from Monte Gordo Beach, it provides easy access to the coast. Additional Parkings: Multiple private parking spots are available for residents inside a gated community.
The valuation. The asking price of €390,000 is slightly above the fair value of €370,305, representing a difference of €19,695 (5.3%). This property is fairly priced but does not present room for negotiation.
Fair value modelled at €370,305 from 6 comparable sales in the area. Asking €390,000 sits €19,695 (5.3%) above — overpriced versus fair value.
Asking €390,000 versus the rua Tristão Vaz Teixeira area baseline of €365,547 (€3,046/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €365,547, adjusted for condition and micro-location, gives a modelled fair value of €370,305 (€3,086/m²), a €19,695 (5.3%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Tristão Vaz Teixeira | Subject | €390,000 | €3,250 | — | 74 | 61 |
| Monte Gordo · 53cd42 | Active | €299,500 | €3,744 | 15.2% | 68 | 50 |
| Vila Real de Santo António · 1e6399 | Active | €280,000 | €3,373 | 3.8% | 73 | 57 |
| urbanização Monte Fino, 12C | Active | €300,000 | €2,459 | 24.3% | 62 | 56 |
| rua Doctor José Colaço Fernandes | Active | €220,000 | €2,857 | 12.1% | 60 | 61 |
| Median comp | €289,750 | €3,115 | 4.2% | 65 | 57 |
Long-term rental The 2-bed apartment in Monte Gordo offers a reasonable yield of 2.9%, aligning with the current rental market expectations for the region. However, with a fair value of €370,305 and a listing price slightly above that, the potential for significant long-term appreciation seems limited. Family rental While the property could attract families due to its size and location, the 61/100 neighborhood rating suggests moderate appeal in a limited local economy. The asking price of €390,000 may deter some potential tenants despite the suitability for family living. Short-term vacation rental Monte Gordo's dependence on tourism creates a feasible opportunity for short-term vacation rentals, yet the current yield of 2.9% reflects the challenges in securing competitive pricing. Given the property's listing price above its fair value and the medium neighborhood rating, profitability may be constrained in this segment.
Potential tenant turnover With an economic stability score of 55/100 and a tenant stability score of 60/100, there is a heightened risk of tenant turnover due to economic uncertainty, which may lead to increased vacancy rates and associated costs.
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