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, energy rating C. Located on rua Dom Francisco de Almeida, 38, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. The property features abundant natural light due to its multiple exposures and has potential for improvement with the balcony requiring immediate attention for dampness and wall damage.
The asking price of €299,000 is significantly above our assessed fair value of €188,000, indicating a €111,000 gap and a 37.1% downside risk. Confidence in this fair value assessment is low. Rental yield. The estimated gross yield stands at 6.4%.
The fair value of this property is built using a combination of two models. The Transaction model relies on real transaction data, reflecting 152 sales in Monte Gordo, while the Adjusted asking-price model uses current listings with adjustments based on a sale level. Both models are blended equally, resulting in conservative adjustments for factors like the cost to cure. The determined fair value is €188,000, indicating that the asking price is above the fair value, with a notable gap of €111,000, representing a 37.1% downside from the asking price. The confidence level in this valuation is low.
Gross yield 6.4% (before costs)
No specific strategy stands out for this property.
The asking price of €299,000 is significantly above the fair value of €188,000, representing a 37.1% downside versus the asking price, indicating that the property is overpriced. The condition rating of 63 out of 100 suggests average maintenance, which may not justify the high asking price. Additionally, the neighbourhood score of 50 out of 100 reflects a mixed level of desirability, further complicating the value proposition for prospective investors.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score is 50/100 and the tenant stability score is also 50/100, indicating weak stability which could lead to challenges in maintaining rental income and property value. Fair value certainty risk The valuation is marked as fair value at €188,000, but with low confidence, indicating that the actual fair value could be significantly different from this figure due to lack of micro-location transaction data and a notable discrepancy between estimate values.
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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