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, 2-bathroom apartment of 116 m² on the 2nd floor, built in 1994, energy rating C. Located on rua Poeta Antonio Aleixo, 63C, Montenegro parish, Faro municipality, Faro district. This property features three balconies that provide stunning unobstructed views over Faro, enhancing its exceptional appeal in a limited supply area.
The valuation. The asking price of €350,000 sits slightly above the fair value of €344,422 by €5,578 (1.6%). This property is considered to be priced fairly, making it a reasonable investment opportunity.
Fair value modelled at €344,422 from 6 comparable sales in the area. Asking €350,000 sits €5,578 (1.6%) above — overpriced versus fair value.
Asking €350,000 versus the rua Poeta Antonio Aleixo, 63C area baseline of €330,381 (€2,848/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 is above the parish average, lifting 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 €330,381, adjusted for condition and micro-location, gives a modelled fair value of €344,422 (€2,969/m²), a €5,578 (1.6%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Poeta Antonio Aleixo, 63C | Subject | €350,000 | €3,017 | — | 80 | 60 |
| Faro (Sé e São Pedro) · e55417 | Active | €447,000 | €2,903 | 3.8% | 75 | 65 |
| travessa da Mota | Active | €530,000 | €2,208 | 26.8% | 75 | 70 |
| praceta Azedo Gneco | Active | €329,000 | €3,104 | 2.9% | 75 | 62 |
| urbanização Alto Rodes Alto Rodes | Active | €357,000 | €2,811 | 6.8% | 75 | 63 |
| Median comp | €402,000 | €2,857 | 5.3% | 75 | 64 |
Short-term vacation rental Given the attractive yield of 4.5% gross, this property in Montenegro, Faro could be a suitable option for short-term vacation rentals, capitalizing on the tourist draw of the Algarve region. However, the limited urban amenities and the fair valuation suggest that potential returns may be maximized if managed efficiently. Long-term rental The property's fair value of €344,422 indicates it is priced right for long-term rental in a neighborhood that offers basic amenities but lacks urban vibrancy, which may affect tenant demand. Renting this apartment could generate steady cash flow, but investors should consider the neighborhood's average ratings when estimating tenant quality. Buy-and-hold As a buy-and-hold strategy, this property’s fair valuation and stable location in a tourist hotspot present an opportunity for gradual appreciation in value over time. However, with the condition rating of 79/100 and neighborhood rating of 60/100, careful consideration must be given to ongoing maintenance and market conditions to ensure the investment remains viable.
Economic Volatility Risk Given an economic stability score of 55/100, the property may experience fluctuations in rental income and property value due to external economic conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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