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 186 m², built in 2020, energy rating A. Located on rua Corina Freire, 11, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment features multi-split air conditioning and an independent ambient sound system in all rooms, enhancing comfort and entertainment throughout the living space.
The valuation. The asking price of €619,000 sits €35,737 (5.8%) above the fair value of €583,263. The property is considered overpriced based on current market conditions.
Fair value modelled at €583,263 from the area baseline, adjusted for condition and location. Asking €619,000 sits €35,737 (5.8%) above — overpriced versus fair value.
Asking €619,000 versus the rua Corina Freire, 11 area baseline of €600,966 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 (Condition 78 · Materials 90 · Room dimensions 84). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 65 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Corina Freire, 11
Area baseline €600,966 + condition +€23,250 + location +€27,681 = modelled fair value of €583,263 (€3,136/m²), a €35,737 (5.8%) gap versus the €619,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Corina Freire, 11 | Subject | €619,000 | €3,328 | — | 78 | 63 |
| Faro (Sé e São Pedro) · 0014f6 | Active | €549,000 | €3,760 | 13.0% | 81 | 61 |
| Faro (Sé e São Pedro) · dee504 | Active | €500,000 | €4,310 | 29.5% | 82 | 71 |
| rua Pintor Carlos Porfirio | Active | €890,000 | €5,855 | 75.9% | 85 | 62 |
| rua do Alportel, 325 | Active | €417,000 | €5,024 | 51.0% | 84 | 65 |
| Median comp | €524,500 | €4,667 | 40.2% | 83 | 64 |
Short-term vacation rental This property, priced at €619,000, reflects a 5.8% premium over its fair value of €583,263, making it overpriced for short-term vacation rental strategies that rely on competitive pricing. The gross yield of 4.3% is not compelling enough given the seasonal nature of the Algarve tourism market. Long-term rental While long-term rentals can provide steady income, the property’s price of €619,000 exceeds its fair value by 5.8%, classifying it as overpriced. The neighborhood's rating of 63/100 may also contribute to challenges in securing and retaining high-quality tenants over time. Buy-and-hold Investing in this property as a buy-and-hold is questionable, given its listing price of €619,000, which is 5.8% above the fair value of €583,263, indicating it is overpriced. Additionally, the area's economic reliance on seasonal tourism raises concerns about future capital appreciation and rental stability.
Economic Vulnerability The property’s economic stability score of 55/100 indicates a higher risk of market fluctuations impacting rental income and property value.**
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