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.
3-bedroom, 3-bathroom house of 144 m², energy rating B. Located Montenegro parish, Faro municipality, Faro district. Noteworthy Features: The property boasts a unique outdoor rustic brick oven for traditional cooking, alongside a basement suite with versatile potential for varied uses like a gym or office.
The valuation. The asking price of €797,000 is positioned slightly above the fair value of €785,323, reflecting a difference of €11,677 (1.5%). This indicates the property is fairly valued given the current market conditions.
Fair value modelled at €785,323 from 6 comparable sales in the area. Asking €797,000 sits €11,677 (1.5%) above — overpriced versus fair value.
Asking €797,000 versus the Montenegro, Faro, Faro area baseline of €786,222 (€5,460/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €786,222, adjusted for condition and micro-location, gives a modelled fair value of €785,323 (€5,454/m²), a €11,677 (1.5%) gap versus the €797,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montenegro · 2cde93 | Subject | €797,000 | €5,535 | — | 62 | 70 |
| Montenegro · 51b494 | Active | €787,500 | €4,351 | 21.4% | 68 | 52 |
| rua Julio Dinis | Active | €750,000 | €5,208 | 5.9% | 72 | 61 |
| Faro (Sé e São Pedro) · f3632c | Active | €920,000 | €3,098 | 44.0% | 79 | 60 |
| estrada do Passeio Ribeirinho | Active | €530,000 | €5,699 | 3.0% | 80 | 62 |
| Median comp | €768,750 | €4,780 | 13.6% | 76 | 61 |
Short-term vacation rental The property is located in the Algarve region, a popular tourist destination that enhances its appeal for short-term vacation rentals; however, the yield of 2.8% gross suggests limited profitability for investors. With a fair value of €785,323, and the listing price only slightly above at €797,000, the investment does not present a strong advantage in the competitive vacation rental market. Buy-and-hold Investing in this property for a buy-and-hold strategy might be reasonable due to the steady demand fueled by seasonal tourism, though the modest yield of 2.8% reflects the potential challenges in achieving substantial rental income. Priced fairly at €797,000 against its fair value of €785,323, the property may serve as a stable asset but lacks significant upside for long-term capital appreciation.
Economic Fluctuation Risk: With an economic stability score of 65/100, the property may be vulnerable to economic downturns that could impact tenant demand 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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