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, 2-bathroom apartment of 76 m², built in 1969, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment includes a separate storage room, enhancing its appeal for urban living and providing added convenience for residents in a central location. Valuation Verdict: This property represents a strong investment opportunity due to its location and potential appreciation.
The valuation. The asking price of €266,000 is significantly above the fair value of €193,556, representing a markup of €72,444 or 27.2%. This property is deemed overpriced according to current market conditions.
Fair value modelled at €193,556 from the area baseline, adjusted for condition and location. Asking €266,000 sits €72,444 (27.2%) above — overpriced versus fair value.
Asking €266,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €247,076 (€3,251/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 48/100 (Condition 45 · Materials 50 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 60/100 (Housing Market 70 · Amenities 60 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €247,076 + condition -€32,656 + location +€8,700 = modelled fair value of €193,556 (€2,547/m²), a €72,444 (27.2%) gap versus the €266,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 937435 | Subject | €266,000 | €3,500 | — | 45 | 60 |
| Faro (Sé e São Pedro) · 95706e | Active | €269,000 | €3,363 | 3.9% | 37 | 73 |
| Faro (Sé e São Pedro) · f35f92 | Active | €225,000 | €2,813 | 19.6% | 55 | 70 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 17.0% | 60 | 70 |
| avenida Calouste Gulbenkian | Active | €399,000 | €10,500 | 200.0% | 55 | 73 |
| Median comp | €287,000 | €3,134 | 10.5% | 55 | 72 |
Short-term vacation rental The current listing price significantly exceeds the fair value, making this 2-bed apartment a precarious investment for short-term vacation rentals at €266,000. Given the property’s moderate yield of 4.3% and fluctuating tourist-driven occupancy, potential returns may not justify the high entry cost. Long-term rental At a listing price of €266,000, this property appears to be overpriced compared to its fair value of €193,556, affecting the attractiveness for long-term rental strategies. With a tenant quality influenced by seasonal tourism, there is a risk of unstable occupancy rates that can negatively impact rental income. Buy-and-hold The 2-bed apartment in Faro is priced at €266,000, which is 27.2% higher than the estimated fair value of €193,556, indicating overpricing for a buy-and-hold strategy. The combination of a low condition rating of 48/100 and a neighbourhood score of 60/100 suggests challenges in appreciating property value over time without significant investment. Not ideal for: This property is not suitable for student housing, the luxury market, or value-add renovation strategies due to its current condition and high listing price, which exceeds fair value.
Economic Vulnerability With an economic stability score of 50/100, there is a significant risk that local market conditions may negatively impact rental income and property value.
