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 104 m², built in 1979, energy rating E. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment includes a converted sunroom balcony that enhances living space and offers additional natural light, along with well-maintained areas reflecting a practical layout ideal for urban living.
The valuation. The asking price of €295,000 sits €15 above the fair value of €294,985, indicating a property that is overpriced. This slight discrepancy suggests limited room for negotiation in the current market. Buy-to-flip angle. The primary resale strategy focuses on upgrading the apartment's average quality finishes to appeal to buyers looking for a modern living space. By enhancing the kitchen and bathrooms, potential resale profit could be realized through targeted renovations. Buy-to-let angle. With an estimated rental income of €1,401/month, the property offers a gross yield of 5.7%, making it attractive for long-term rental investment. Capitalizing on Faro's mixed neighborhood dynamics, the apartment can cater to both locals and tourists.
Fair value modelled at €294,985 from the area baseline, adjusted for condition and location. Asking €295,000 sits €15 (0.0%) above — overpriced versus fair value.
Asking €295,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €297,648 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 72 · Materials 65 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 58/100 (Housing Market 70 · Amenities 60 · Economic 40 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €297,648 + condition -€12,188 + location +€9,525 = modelled fair value of €294,985 (€2,836/m²), a €15 (0.0%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 0dd008 | Subject | €295,000 | €2,837 | — | 72 | 58 |
| avenida Doctor Gordinho Moreira, 6 | Active | €367,000 | €2,719 | 4.2% | 70 | 62 |
| urbanização Alto Rodes Alto Rodes | Active | €357,000 | €2,811 | 0.9% | 75 | 63 |
| Faro (Sé e São Pedro) · dbd479 | Active | €289,000 | €2,604 | 8.2% | 70 | 57 |
| rua Luís de Camões, 8 | Active | €275,000 | €2,254 | 20.5% | 55 | 63 |
| Median comp | €323,000 | €2,662 | 6.2% | 70 | 63 |
Short-term vacation rental While the 5.7% gross yield may seem attractive, the property's valuation of €295,000 is slightly above the fair value of €294,985, leaving no margin for appreciation. This indicates a lack of potential for value growth, which could hinder profitability in the competitive vacation rental market. Buy-and-hold Investing in this property for a buy-and-hold strategy doesn't present a compelling case, given that it is priced at €295,000 versus the fair value of €294,985. The negligible gap and relatively low condition score of 68/100 may challenge rental income and overall investment return over time. Family rental As a family rental property, the apartment faces significant hurdles due to its overpriced listing of €295,000 while the fair value is just slightly lower at €294,985. This diminishes the attractiveness for long-term family tenants, especially in a neighborhood with a moderate score of 58/100.
Economic Volatility Risk The economic stability score of 40/100 indicates a high likelihood of fluctuations in income and property values, potentially impacting investment returns negatively.
