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 apartment of 310 m² on the 3rd floor, energy rating A. Located on rua António Carrusca Rodrigues, 3, Montenegro parish, Faro municipality, Faro district. Noteworthy Features: The apartment enjoys exclusive access to a terrace, ideal for outdoor relaxation, and includes two dedicated parking spaces within a high-demand area of Montenegro.
The valuation. The asking price of €600,000 sits significantly below its fair value of €963,214, representing an attractive underpricing of €363,214 (37.7%). This offers substantial potential for appreciation in future market conditions.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Carrusca Rodrigues, 3 | Subject | €600,000 | €1,935 | — | — | 60 |
| rua José Saramago | Active | €420,000 | €3,000 | 55.0% | 75 | 63 |
| rua 25 de Abril | Active | €530,000 | €2,314 | 19.6% | 90 | 64 |
| rua António Carrusca Rodrigues, 6 | Active | €750,000 | €3,440 | 77.8% | — | — |
| Faro (Sé e São Pedro) · 162688 | Active | €225,000 | €3,214 | 66.1% | 72 | 55 |
| Median comp | €475,000 | €3,107 | 60.5% | 75 | 63 |
Short-term vacation rental The property presents a strong opportunity for short-term vacation rentals given its strategic location in the Algarve, a region known for high tourist inflow. This potential is further emphasized by the favourable gap against fair value at 37.7%, allowing for a lucrative investment return despite the current zero yield. Buy-and-hold Investing in this property for a long-term buy-and-hold strategy could yield substantial appreciation given its fair value of €963,214 compared to the listing price of €600,000. The growing tourism and hospitality focus in the region signals positive long-term capital growth, enhancing the investment potential. Family rental While targeted towards families, this property offers appealing characteristics for long-term renters, despite its current condition. The 60/100 neighbourhood score reflects a reasonable quality of living, supporting the viability of family rentals in this market, although it may require some upgrades to maximize attraction.
Economic Vulnerability The property has a low economic stability score of 50/100, indicating potential economic challenges that could impact tenant retention and rent payments.**
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
