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 76 m² on the 3rd floor, energy rating C. Located Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Unique Selling Point: The apartment features a bright living area adorned with unique decor that offers character, while being merely a few minutes' walk from the beach, enhancing its rental appeal.
The valuation. The asking price of €295,000 is slightly above the fair value of €290,429 by €4,571 (1.6%). This indicates that the property is priced fairly but offers limited room for negotiations.
Fair value modelled at €290,429 from 6 comparable sales in the area. Asking €295,000 sits €4,571 (1.6%) above — overpriced versus fair value.
Asking €295,000 versus the Monte Gordo, Vila Real de Santo António, Faro area baseline of €315,475 (€4,151/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €315,475, adjusted for condition and micro-location, gives a modelled fair value of €290,429 (€3,821/m²), a €4,571 (1.6%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Monte Gordo · 2d82f9 | Subject | €295,000 | €3,882 | — | 72 | 54 |
| rua Reynaldo Manuel dos Santos, 7 | Active | €274,000 | €2,915 | 24.9% | 70 | 55 |
| Monte Gordo · cfdde9 | Active | €265,000 | €3,732 | 3.8% | 68 | 52 |
| rua Gil Eanes S / N | Active | €275,000 | €3,986 | 2.7% | 62 | 55 |
| Monte Gordo · 4bbc55 | Active | €320,000 | €3,810 | 1.9% | 70 | 63 |
| Median comp | €274,500 | €3,771 | 2.8% | 69 | 55 |
Long-term rental This property presents a 3.6% gross yield, which aligns with the expectations for the current market conditions. However, its fair value of €290,429 suggests that the property is offered at a slight premium, reflecting a fair investment opportunity rather than a bargain. Value-add renovation While the property's condition is rated 70/100, indicating room for improvement, this investment should be approached with caution as the current price only slightly exceeds the fair value. The existing condition combined with average neighborhood ratings suggests that any renovation should be carefully weighed against potential returns. Family rental The property is positioned well for long-term family rentals, given the stable 3.6% yield and proximity to amenities; however, its median neighborhood rating of 54/100 could deter some potential renters. The slight premium above fair value indicates that investors should monitor market trends closely before committing to this strategy.
Low Economic Stability The property's economic stability score of 40/100 indicates a high risk of downturns in income, which may jeopardize tenant retention and 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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