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.
3-bedroom, 2-bathroom apartment of 118 m² on the 1st floor, built in 1993, energy rating D. Located on rua Doutor Manuel de Arriaga, Monte Gordo parish, Vila Real de Santo António municipality, Faro district. The apartment features a pleasant continuous balcony with synthetic grass, enhancing outdoor leisure while benefiting from two solar fronts for abundant natural light throughout the day.
The asking price of €350,000 exceeds our assessed fair value of €302,000 by €48,000, representing a 13.7% downside versus the asking price. This indicates a low confidence in the accuracy of this fair value assessment.
The property's fair value is established through two main models. The Transaction model uses real transaction data from Monte Gordo, accounting for 50% of the analysis, while the Adjusted asking-price model, also 50%, adjusts current listings to sale levels. These models were combined with conservative adjustments applied for area and non-living space composition, leading to a fair value estimate of €302,000. Consequently, the asking price is above the fair value, reflecting a significant downside risk of €48,000 (13.7%). Confidence in this estimate is low due to some data limitations.
Gross yield 6% (before costs)
This 3-bedroom apartment in Monte Gordo is listed at €350,000, which is significantly above its fair value of €302,000, indicating a 13.7% downside risk in the investment. Despite the demand for rental income, as evidenced by a strong gross yield of 6.0%, the elevated asking price detracts from the overall attractiveness of this property. The overall condition is decent at a score of 77/100, but the neighbourhood score of 50/100 suggests limitations in desirability, which may impact tenant quality and long-term investment returns.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk With an economic stability score and tenant stability score both at 50/100, the property faces risks associated with potential fluctuations in occupancy and rental income reliability. Fair value certainty risk The valuation is assessed at a fair value of €302,000 with low confidence due to the absence of micro-location transaction data for this address, which suggests uncertainty in the accuracy of the valuation.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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