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, 2-bathroom house of 60 m², energy rating G. Located Montenegro parish, Faro municipality, Faro district. Noteworthy Features: This property includes a 130m deep well with a new pump, and the extensive land offers the potential for a luxury villa and swimming pool. Additional Context: Set in a tranquil area, it also features carob and olive trees, enhancing its agricultural appeal.
The valuation. The asking price of €230,000 sits €33,370 (17.0%) above the fair value of €196,630, indicating that the property is overpriced. This discrepancy suggests caution for potential buyers.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 2cdc22 | Subject | €230,000 | — | — | — | 62 |
| Faro (Sé e São Pedro) · 9af7ee | Active | €1,100,000 | €12,360 | — | — | 61 |
| Faro (Sé e São Pedro) · 2cdc22 | Active | €230,000 | — | — | — | 62 |
| rua de Santo António | Active | €370,000 | €3,895 | — | 45 | 73 |
| Faro (Sé e São Pedro) · 38b52f | Active | €275,000 | €4,365 | — | 25 | 62 |
| Median comp | €322,500 | €4,365 | — | 35 | 62 |
Short-term vacation rental The €230,000 listing price significantly exceeds the fair value of €196,630, indicating that the property is overpriced by 17.0%. With a gross yield of 4.7%, potential returns from short-term rentals may not be competitive enough given the inflated purchase cost. Long-term rental Although the property offers a reasonable 4.7% gross yield for long-term rental, the €230,000 asking price suggests it is overpriced compared to the fair value of €196,630. This gap undermines the investment's potential for consistent cash flow in a fluctuating rental market. Family rental The property’s price of €230,000 exceeds fair value by 17.0%, categorizing it as overpriced, which could deter families seeking affordable housing options. Additionally, with a low condition score of 0/100, costly renovations could further diminish its appeal for family renters. Not ideal for: Student housing, Luxury market, Industrial investment
Tenant turnover risk Given the tenant stability score of 60/100, there is a significant risk of higher tenant turnover, which may lead to increased vacancy rates and associated costs of 30% or more on average for each turnover.
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Not enough comparable sales in this area to confidently estimate a fair value.
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