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, 0-bathroom apartment of 105 m², built in 1993, energy rating E. Located Monte Gordo parish, Vila Real de Santo António municipality, Faro district. Noteworthy Features: This apartment offers a sizable balcony ideal for outdoor relaxation and is strategically located just a few kilometers from the popular Monte Gordo beach.
The valuation. The asking price of €195,000 is significantly below the fair value of €300,000, representing a discount of €105,000 (35.0%). This indicates that the property is underpriced.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Monte Gordo · 0ac4ea | Subject | €195,000 | €1,857 | — | — | 59 |
| Vila Real de Santo António · dee5b2 | Active | €180,000 | €2,647 | 42.5% | 65 | 56 |
| rua Dom Fuas Roupinho | Active | €295,000 | €3,512 | 89.1% | 58 | 62 |
| rua Doctor José Colaço Fernandes | Active | €220,000 | €2,857 | 53.8% | 60 | 61 |
| rua Dom Fuas Roupinho | Active | €310,000 | €3,605 | 94.1% | 60 | 59 |
| Median comp | €257,500 | €3,185 | 71.5% | 60 | 60 |
Long-term rental This 2-bed apartment in Monte Gordo, listed at €195,000, is an attractive option for long-term rental given its substantial gap to fair value of €300,000, representing a potential uplift of 35.0%. With a yield of 6.2% gross, it can provide steady cash flow despite being in a less-touristic part of Algarve with moderate demand. Family rental The property presents a viable family rental opportunity due to its size of 105m² and affordability relative to the fair market value. Its gross yield of 6.2% is indicative of strong rental potential, especially in a location that serves resident families despite weaker tourist demand. Value-add renovation Acquiring this apartment allows for a value-add renovation strategy that could significantly enhance its market position given its fair value of €300,000 versus the listing price. The current condition rating of 0/100 suggests substantial room for improvement, presenting a strategic avenue to increase its attractiveness in a moderately rated neighbourhood. Not ideal for luxury market The apartment is not suited for the luxury market due to its location in a less-touristic area of the Algarve, which does not support high-end property values. As such, potential buyers should be wary of expecting luxury price points. Not ideal for short-term vacation rental Given the moderate demand for housing in this part of Algarve, this property is not ideal for short-term vacation rentals, limiting potential for rapid returns associated with that strategy. The neighbourhood's tourism appeal is lower compared to coastal regions, which could result in lower occupancy rates. Not ideal for student housing This property, while spacious, is not well-positioned for the student housing market due to its less desirable location outside of popular university areas. As a result, potential rental income could be inconsistent or lower than expected in a competitive student rental market.
Economic Vulnerability The economic stability score of 50/100 indicates a significant risk due to potential downturns affecting 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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