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, 1-bathroom apartment of 68 m² on the 2nd floor, built in 1984. Located Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: The apartment boasts a well-defined entrance hall that enhances organization and privacy, and it is situated in a central area with easy access to local amenities and the beach.
The valuation. The asking price of €299,000 sits €37,503 (14.3%) above the fair value of €261,497, indicating the property is overpriced. Buyers should approach this listing with caution concerning its market position.
Fair value modelled at €261,497 from 6 comparable sales in the area. Asking €299,000 sits €37,503 (14.3%) above — overpriced versus fair value.
Asking €299,000 versus the Monte Gordo, Vila Real de Santo António, Faro area baseline of €280,021 (€4,118/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €280,021, adjusted for condition and micro-location, gives a modelled fair value of €261,497 (€3,846/m²), a €37,503 (14.3%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Monte Gordo · 9c7af3 | Subject | €299,000 | €4,397 | — | 70 | 66 |
| Monte Gordo · cfdde9 | Active | €265,000 | €3,732 | 15.1% | 68 | 52 |
| Monte Gordo · 2d82f9 | Active | €295,000 | €3,882 | 11.7% | 72 | 54 |
| rua Dom Francisco de Almeida, 6 | Active | €270,000 | €4,500 | 2.3% | 70 | 58 |
| alameda da Índia | Active | €350,000 | €3,763 | 14.4% | 65 | 60 |
| Median comp | €282,500 | €3,823 | 13.1% | 69 | 56 |
Long-term rental This 2-bed apartment in Monte Gordo has a fair value of €261,497, indicating it is currently overpriced by 14.3%. With a gross yield of 3.5%, the investment may struggle to provide sufficient returns in a neighbourhood that lacks economic diversity beyond tourism. Short-term vacation rental The property’s pricing at €299,000 exceeds its fair value, making it a less attractive option for short-term vacation rentals despite the Algarve's popularity with tourists. Given the 72/100 condition score and the limited local economy, potential returns may not justify the inflated price point. Family rental The apartment is overpriced relative to its fair value, which raises concerns for families seeking stable long-term housing options in Monte Gordo. With a neighbourhood score of 66/100, the investment may not deliver the expected quality of living families look for, given the area's reliance on seasonal tourism.
Tenant default risk The tenant stability score of 70/100 indicates a moderate risk of tenant defaults, which could affect rental income continuity.
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