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.
1-bedroom, 1-bathroom apartment of 47 m² on the 3rd floor, energy rating A+. Located on rua Norton de Matos, 2, Montenegro parish, Faro municipality, Faro district. This apartment features a cozy balcony that provides an enjoyable space for outdoor relaxation, enhancing the overall living experience in a peaceful neighborhood.
The valuation. The asking price of €265,000 is positioned below the fair value of €286,973, allowing for a fair assessment. The difference of €21,973 (7.7%) indicates a reasonable opportunity for buyers.
Fair value modelled at €286,973 from 6 comparable sales in the area. Asking €265,000 sits €21,973 (7.7%) below — the upside to fair value.
Asking €265,000 versus the rua Norton de Matos, 2 area baseline of €289,602 (€6,162/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €289,602, adjusted for condition and micro-location, gives a modelled fair value of €286,973 (€6,106/m²), a €21,973 (7.7%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Norton de Matos, 2 | Subject | €265,000 | €5,638 | — | 66 | 61 |
| rua Serpa Pinto, 78 | Active | €610,000 | €11,731 | 108.1% | 75 | 68 |
| rua Doutor May Viana, 9 | Active | €590,000 | €12,292 | 118.0% | 74 | 60 |
| praceta Henrique Bernardo Ramos, 3 | Active | €345,000 | €7,188 | 27.5% | 80 | 53 |
| rua do Alportel, 325 | Active | €417,000 | €5,024 | 10.9% | 84 | 65 |
| Median comp | €503,500 | €9,460 | 67.8% | 78 | 63 |
Short-term vacation rental The property is positioned in the Algarve, a region known for its appeal to tourists, which supports a short-term vacation rental strategy with a gross yield of 3.7%. However, with a fair value gap of 7.7%, prospective investors should be cautious about market fluctuations impacting rental income during off-peak seasons. Buy-and-hold Adopting a buy-and-hold strategy is reasonable given the fair value of €286,973 and the property's condition rating of 72/100, indicating it is generally well-maintained. However, the neighbourhood quality score of 61/100 suggests potential risks in long-term appreciation related to market dynamics in tourist-dependent locales. Family rental While this property may serve as a family rental, the average neighbourhood rating of 61/100 and dependency on tourism for economic stability may limit the potential tenant pool and rental rates. With a fair pricing strategy, investors should remain vigilant about shifts in local demand and employment stability due to the seasonal economy.
Economic vulnerability The property's economic stability score of 55/100 indicates a potential risk of economic downturns affecting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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