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 74 m² on the 4th floor, energy rating C. Located on travessa Bartolomeu Dias, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. The property features a spacious, well-maintained terrace with a built-in brick barbecue, perfect for outdoor gatherings and relaxation in the sunny Algarve climate.
The asking price of €245,000 is slightly below our assessed fair value of €251,000, indicating a €6,000 gap with a 2.5% upside versus the asking price; however, our confidence in this fair value is low. The rental income strategy applies well here, with an estimated gross yield of 5.4%, placing the property in the top quarter of the national rental yield range.
The property's fair value is assessed using two models: the Transaction model, based on 152 recorded sales in Monte Gordo, and the Adjusted asking-price model, which adjusts current listings to reflect sale levels. These models are combined in a 50/50 blend, with conservative adjustments applied but none necessary for this property. As a result, the fair value is determined to be €251,000. In comparison, the asking price is €245,000, leading to the conclusion that the asking price is in line with the fair value, with a modest upside of 2.5%. Confidence in this assessment is low.
Gross yield 5.4% (before costs)
This 2-bed apartment in Monte Gordo is strategically priced at €245,000, closely aligning with its fair value of €251,000, indicating a mere 2.5% upside, which reflects the current market dynamics. The promising estimated gross yield of 5.4% positions it well for rental income, placing it in the top quarter of the national range. While the apartment's condition rating of 67/100 suggests it may require some maintenance or upgrades, its location in a neighbourhood that scores 50/100 adds a layer of appeal for potential tenants. Overall, the asking price is in line with the fair value, but the low confidence suggests a careful evaluation is warranted before proceeding with the investment.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has a low economic stability score of 50/100 and a tenant stability score of 50/100, suggesting potential difficulty in maintaining consistent rental income. Fair value certainty risk The valuation is marked with low confidence, indicating that the fair value of €251,000 may not accurately reflect the property's actual market position due to the lack of micro-location transaction data.
Grade AFindings: 0
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Models 3.4.3 (Data quality v3 · Valuation v4.1 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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