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 80 m², energy rating D. Located Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: The property boasts dual independent entrances and a spacious back patio with direct street access, facilitating private vehicle entry, a rare find in this coastal area.
The valuation. The asking price of €299,500 is €75,355 (33.6%) above the fair value of €224,145, indicating that the property is overpriced.
Fair value modelled at €224,145 from 6 comparable sales in the area. Asking €299,500 sits €75,355 (33.6%) above — overpriced versus fair value.
Asking €299,500 versus the Monte Gordo, Vila Real de Santo António, Faro area baseline of €250,332 (€3,129/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €250,332, adjusted for condition and micro-location, gives a modelled fair value of €224,145 (€2,802/m²), a €75,355 (33.6%) gap versus the €299,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Monte Gordo · 53cd42 | Subject | €299,500 | €3,744 | — | 68 | 50 |
| rua Doctor José Colaço Fernandes | Active | €220,000 | €2,857 | 23.7% | 60 | 61 |
| urbanização Monte Fino, 12C | Active | €300,000 | €2,459 | 34.3% | 62 | 56 |
| avenida Ministro Duarte Pacheco | Active | €195,000 | €2,746 | 26.6% | 60 | 52 |
| Vila Real de Santo António · 1e6399 | Active | €280,000 | €3,373 | 9.9% | 73 | 57 |
| Median comp | €250,000 | €2,802 | 25.2% | 61 | 57 |
Long-term rental The current rental yield of 3.6% indicates limited profitability potential, especially given that the property is overpriced by 33.6% compared to its fair value. Additionally, with a neighbourhood score of just 50/100, tenant quality and demand for long-term rentals are likely to be suboptimal, further questioning the investment's viability. Short-term vacation rental While short-term rentals can often command premium prices, the gross yield of 3.6% reflects an overpriced situation that detracts from potential profitability. Furthermore, the average quality rating of local amenities and the neighbourhood indicates that attracting visitors may prove to be challenging, limiting short-term rental appeal. Buy-and-hold Holding this property presents risks due to its current valuation being 33.6% above fair value, which could hinder long-term appreciation. Additionally, the average conditions of the property and neighbourhood suggest that there may be better investment opportunities available that offer stronger growth potential over time.
High Vacancy Risk: With an economic stability score of 40/100 and a tenant stability score of 55/100, there's a significant risk of high vacancy rates which could affect 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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