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 120 m², built in 2010, energy rating C. Located on rua Doutor Olímpio Passos Valente, 13, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment includes ambient music throughout and features electric shutters, enhancing both convenience and luxury in daily living.
The valuation. The asking price of €472,000 is significantly above the fair value of €370,605, representing an overvaluation of €101,395 (21.5%). This property is overpriced in the current market conditions.
Fair value modelled at €370,605 from the area baseline, adjusted for condition and location. Asking €472,000 sits €101,395 (21.5%) above — overpriced versus fair value.
Asking €472,000 versus the rua Doutor Olímpio Passos Valente, 13 area baseline of €387,720 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 80 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 68/100 (Housing Market 70 · Amenities 65 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Doutor Olímpio Passos Valente, 13
Area baseline €387,720 + condition +€2,437 + location +€24,728 = modelled fair value of €370,605 (€3,088/m²), a €101,395 (21.5%) gap versus the €472,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Olímpio Passos Valente, 13 | Subject | €472,000 | €3,933 | — | 74 | 68 |
| Faro (Sé e São Pedro) · 6d5230 | Active | €675,000 | €3,261 | 17.1% | 70 | 63 |
| largo do Sol Posto | Active | €650,000 | €3,155 | 19.8% | 72 | 63 |
| rua Engenheiro José Campos Coroa | Active | €370,000 | €3,895 | 1.0% | 78 | 66 |
| Faro (Sé e São Pedro) · 4bbc2f | Active | €339,000 | €3,767 | 4.2% | 70 | 61 |
| Median comp | €510,000 | €3,514 | 10.7% | 71 | 63 |
Short-term vacation rental The property in Faro is currently overpriced by 21.5%, significantly limiting its potential for profitability in the competitive vacation rental market. With a gross yield of only 3.2%, investors may struggle to see a satisfactory return on investment, especially given the high entry price. Buy-and-hold Investing in this apartment for long-term appreciation poses risks due to its fair value being substantially lower than the current listing price. The 3.2% yield suggests a relatively weak rental income, which may not sufficiently compensate for the capital outlay. Long-term rental The significant gap between the market listing and fair value indicates that this property is not a sound long-term rental investment at its current price. With a gross yield of 3.2%, the return does not justify the high acquisition cost, especially in a neighborhood rated only 68/100. Not ideal for: Student housing, Luxury market, Industrial investment Location context: The region is dependent on a tourism economy, with essential amenities available nearby. Neighbourhood dimensions: Housing market: Economic: Amenities: Tenant quality:
Potential Vacancy Risk The economic stability score of 60/100 indicates a moderate economic environment, which could lead to higher vacancy rates as tenant demand fluctuates; combined with a tenant stability score of 70/100, this suggests that while existing tenants may be stable, new tenant acquisition might be challenging.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Sign in to buy the report or use a credit
