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.
1-bedroom, 1-bathroom apartment of 48 m², energy rating A+. Located on rua Doutor May Viana, 9, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment includes a private balcony overlooking a serene courtyard, enhancing its peaceful ambiance and offering a perfect spot for relaxation.
The valuation. The asking price of €590,000 sits significantly above the fair value of €145,346, indicating an overvaluation of €444,654 (75.4%). This apartment is therefore considered overpriced in the current market.
Fair value modelled at €145,346 from the area baseline, adjusted for condition and location. Asking €590,000 sits €444,654 (75.4%) above — overpriced versus fair value.
Asking €590,000 versus the rua Doutor May Viana, 9 area baseline of €155,088 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 74 · Materials 82 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
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.
rua Doutor May Viana, 9
Area baseline €155,088 + condition +€2,475 + location +€5,495 = modelled fair value of €145,346 (€3,028/m²), a €444,654 (75.4%) gap versus the €590,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor May Viana, 9 | Subject | €590,000 | €12,292 | — | 74 | 60 |
| rua Serpa Pinto, 78 | Active | €610,000 | €11,731 | 4.6% | 75 | 68 |
| rua do Alportel, 325 | Active | €417,000 | €5,024 | 59.1% | 84 | 65 |
| Faro (Sé e São Pedro) · dee504 | Active | €500,000 | €4,310 | 64.9% | 82 | 71 |
| rua Corina Freire, 11 | Active | €619,000 | €3,328 | 72.9% | 78 | 63 |
| Median comp | €555,000 | €4,667 | 62.0% | 80 | 67 |
Long-term rental The current listing price of €590,000 suggests a substantial overvaluation, with a fair value of only €145,346 representing a 75.4% difference. With a gross yield of 2.2%, the long-term rental strategy is unlikely to generate satisfactory returns given the property’s excessive price. Short-term vacation rental While the tourist appeal in Faro may support a short-term rental strategy, the €590,000 listing price is significantly above the fair value of €145,346, indicating that the investment is overpriced by 75.4%. This steep pricing, combined with a gross yield of 2.2%, raises concerns regarding the viability of short-term rentals in terms of profitability. Family rental The property’s €590,000 price tag is markedly overpriced compared to its fair value of €145,346, reflecting a gap of 75.4%. Additionally, the average tenant quality, alongside a gross yield of only 2.2%, suggests that it may not be an ideal option for family rentals in the current market context.
Economic Weakness With an economic stability score of 50/100, there is a significant risk that the local economic conditions may lead to reduced demand for rental properties, negatively impacting investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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