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 146 m², built in 2019, energy rating A. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This property boasts a rooftop space with a heated pool, cardio-fitness equipment, and expansive sun deck, offering unparalleled sea views in a premium location.
The valuation. The asking price of €549,000 is significantly above the fair value of €448,784, indicating an overpriced property by €100,216 or 18.3%. This discrepancy suggests potential buyers may want to reconsider their investment strategy.
Fair value modelled at €448,784 from the area baseline, adjusted for condition and location. Asking €549,000 sits €100,216 (18.3%) above — overpriced versus fair value.
Asking €549,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €474,646 (€3,251/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 81 · Materials 82 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 61/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €474,646 + condition +€12,547 + location +€18,385 = modelled fair value of €448,784 (€3,074/m²), a €100,216 (18.3%) gap versus the €549,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 0014f6 | Subject | €549,000 | €3,760 | — | 81 | 61 |
| rua Corina Freire, 11 | Active | €619,000 | €3,328 | 11.5% | 78 | 63 |
| rua Pintor Carlos Porfirio | Active | €890,000 | €5,855 | 55.7% | 85 | 62 |
| Faro (Sé e São Pedro) · dee504 | Active | €500,000 | €4,310 | 14.6% | 82 | 71 |
| rua do Alportel, 325 | Active | €417,000 | €5,024 | 33.6% | 84 | 65 |
| Median comp | €559,500 | €4,667 | 24.1% | 83 | 64 |
Short-term vacation rental The property is overpriced by 18.3%, making it a less attractive investment for short-term vacation rentals despite its location near the Algarve tourist zone. The gross yield of 4.5% does not compensate for the higher entry cost, suggesting reduced profitability in a competitive short-term rental market. Long-term rental At a listing price of €549,000, the property is considered overpriced compared to its fair value of €448,784, which diminishes its appeal as a long-term rental option. The neighbourhood score of 61/100 raises concerns about tenant quality and potential demand, ultimately impacting rental income stability. Buy-and-hold With an estimated fair value significantly lower than the asking price, this property presents an overpriced investment for a buy-and-hold strategy. The overall condition rating of 81/100 does not sufficiently mitigate the risks associated with a declining market or an unattractive purchase price.
Economic Vulnerability With an economic stability score of 55/100, the property is exposed to potential fluctuations in market conditions that could affect rental income and property value negatively.
