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.
0-bedroom, 0-bathroom apartment of 110 m², built in 1986, energy rating C. Located on rua Doctor Guilherme Centazzi, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Feature: The apartment boasts two closed balconies with unobstructed panoramic views of the Ria Formosa, enhancing both leisure and lifestyle opportunities for residents.
The valuation. The asking price of €348,000 sits at 4.1% above the fair value of €333,597. This property is considered overpriced and may not represent the best investment opportunity in the current market.
Fair value modelled at €333,597 from the area baseline, adjusted for condition and location. Asking €348,000 sits €14,403 (4.1%) above — overpriced versus fair value.
Asking €348,000 versus the rua Doctor Guilherme Centazzi area baseline of €314,820 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 78 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 60 · Economic 50 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Doctor Guilherme Centazzi
Area baseline €314,820 + condition +€2,406 + location +€16,371 = modelled fair value of €333,597 (€3,033/m²), a €14,403 (4.1%) gap versus the €348,000 asking price.
Short-term vacation rental Given its proximity to major Algarve attractions, this 0-bed apartment could potentially serve as a short-term vacation rental; however, the property is currently overpriced at €348,000 compared to a fair value of €333,597, indicating a 4.1% gap. The gross yield of 4% may not justify the premium price, making it less attractive for short-term rental investors. Long-term rental While the location in Faro has appeal for long-term rentals due to its tourism and expat market, the current listing price of €348,000 exceeds the fair value of €333,597, highlighting a 4.1% premium. This price may deter quality tenants seeking affordable accommodations in a moderately rated neighborhood, resulting in potential cash flow issues. Buy-and-hold Investing in this 0-bed apartment as a buy-and-hold strategy appears challenging; at €348,000, it is overpriced relative to its fair value of €333,597, representing a 4.1% discrepancy. The apartment's condition score of 76/100 and neighborhood rating of 63/100 may limit appreciation potential, suggesting that long-term gains could be constrained by the initial overvaluation.
Tenant turnover risk Given the tenant stability score of 70/100, there is a heightened possibility of tenant turnover that could disrupt cash flow and increase vacancy rates, potentially impacting the overall investment return.
