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, 3-bathroom apartment of 127 m², built in 2022. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment boasts two private balconies totaling 27m², providing exceptional outdoor space and direct access to stunning panoramic views from both levels.
The valuation. The asking price of €890,000 is significantly above the fair value of €406,973, creating a disparity of €483,027 (54.3%). This property is therefore considered overpriced.
Fair value modelled at €406,973 from the area baseline, adjusted for condition and location. Asking €890,000 sits €483,027 (54.3%) above — overpriced versus fair value.
Asking €890,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €363,474 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 (Condition 82 · Materials 88 · Room dimensions 83). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 69/100 (Housing Market 75 · Amenities 65 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €363,474 + condition +€15,875 + location +€27,624 = modelled fair value of €406,973 (€3,205/m²), a €483,027 (54.3%) gap versus the €890,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 6d5420 | Subject | €890,000 | €7,008 | — | 82 | 69 |
| Faro (Sé e São Pedro) · 6d54cd | Active | €650,000 | €4,643 | 33.7% | 60 | 59 |
| rua Doutor Olímpio Passos Valente, 13 | Active | €472,000 | €3,933 | 43.9% | 74 | 68 |
| largo do Sol Posto | Active | €650,000 | €3,155 | 55.0% | 72 | 63 |
| rua Engenheiro José Campos Coroa | Active | €370,000 | €3,895 | 44.4% | 78 | 66 |
| Median comp | €561,000 | €3,914 | 44.1% | 73 | 65 |
Long-term rental This 3-bed apartment in Faro is currently overpriced at €890,000, exceeding the fair value by 54.3%, which restricts potential for favorable long-term rental returns. With a gross yield of only 1.7%, the investment fails to meet typical performance metrics for sustainable rental income. Short-term vacation rental The pricing of this property at €890,000 significantly overshoots the fair market value of €406,973, presenting a challenge for short-term vacation rental viability. With a gross yield of just 1.7%, the property struggles to align with investor expectations for profitability in this competitive tourist market. Family rental At €890,000, the 3-bed apartment is overpriced compared to its fair value, ultimately limiting its appeal as a family rental option. The current yield of 1.7% suggests that the investment may not provide the stable income typically sought in family-oriented housing markets.
Economic Sensitivity The property faces a risk due to a moderate economic stability score of 65/100, which may lead to fluctuations in rental income and higher vacancy rates under economic downturns.
