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 52 m², energy rating A+. Located on rua Serpa Pinto, 78, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment boasts a spacious terrace offering panoramic city views, enhancing the overall living experience in the vibrant neighborhood of Faro.
The valuation. The asking price of €610,000 is significantly above the fair value of €157,346, representing an overpricing of €452,654 (74.2%). This property cannot be considered a viable investment at this price point.
Fair value modelled at €157,346 from the area baseline, adjusted for condition and location. Asking €610,000 sits €452,654 (74.2%) above — overpriced versus fair value.
Asking €610,000 versus the rua Serpa Pinto, 78 area baseline of €148,824 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 75 · Materials 70 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 68/100 (Housing Market 70 · Amenities 60 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Serpa Pinto, 78
Area baseline €148,824 + condition -€2,194 + location +€10,715 = modelled fair value of €157,346 (€3,026/m²), a €452,654 (74.2%) gap versus the €610,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Serpa Pinto, 78 | Subject | €610,000 | €11,731 | — | 75 | 68 |
| rua Doutor May Viana, 9 | Active | €590,000 | €12,292 | 4.8% | 74 | 60 |
| rua do Alportel, 325 | Active | €417,000 | €5,024 | 57.2% | 84 | 65 |
| Faro (Sé e São Pedro) · dee504 | Active | €500,000 | €4,310 | 63.3% | 82 | 71 |
| Faro (Sé e São Pedro) · 0014f6 | Active | €549,000 | €3,760 | 67.9% | 81 | 61 |
| Median comp | €524,500 | €4,667 | 60.2% | 82 | 63 |
Short-term vacation rental This 1-bed apartment in Faro is overpriced at €610,000, significantly exceeding its fair value of €157,346, leaving a substantial 74.2% gap. With a gross yield of only 1.8%, the investment does not justify the high entry price, especially in a tourist-driven market where returns are typically more favorable. Buy-and-hold The buy-and-hold strategy for this property is not advisable, given its current listing price of €610,000, which is 74.2% above the fair value of €157,346. While the location in Faro offers potential for long-term appreciation, the excessive purchase price undermines any realistic opportunity for profitable long-term investment. Long-term rental Investing in this apartment for long-term rental is not a viable strategy, as the property's €610,000 listing price is significantly above its fair value of €157,346, creating a daunting 74.2% gap. The resulting gross yield of only 1.8% suggests that cash flow potential is inadequate, further complicating the attractiveness of this rental option.
Economic Vulnerability The property faces a risk due to its moderate economic stability score of 65/100, suggesting potential fluctuations in the local economy that could affect rental income.
