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 €343,440 (€2,862/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. Full condition report →
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. Full location report →
rua Doutor Olímpio Passos Valente, 13
Area baseline €343,440 + 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.
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.
