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.
2-bedroom, 1-bathroom apartment of 105 m², built in 1984. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment boasts a charming balcony that enhances the living space with abundant natural light and is situated in the sought-after, tranquil neighborhood of Alto Rodes.
The valuation. The asking price of €305,000 sits above the fair value of €303,715, indicating a slight overvaluation of €1,285 (0.4%). This suggests that buyers may need to negotiate to reach a more equitable price. Buy-to-flip angle. The property could be renovated to enhance its appeal, attracting a resale price that exceeds the current asking price, leveraging the local demand driven by tourism. A quick flip could yield a potential profit if executed effectively. Buy-to-let angle. With an estimated gross yield of 4.2%, generating around €1,068 monthly in rental income presents a stable investment opportunity. The attractive location near Algarve enhances rental demand, making it a viable buy-and-hold strategy.
Fair value modelled at €303,715 from the area baseline, adjusted for condition and location. Asking €305,000 sits €1,285 (0.4%) above — overpriced versus fair value.
Asking €305,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €339,255 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 60 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 70 · 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 €339,255 + condition -€20,836 + location +€24,041 = modelled fair value of €303,715 (€2,893/m²), a €1,285 (0.4%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 1e6017 | Subject | €305,000 | €2,905 | — | 60 | 70 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 40.2% | 70 | 64 |
| Faro (Sé e São Pedro) · 25f629 | Active | €399,000 | €3,874 | 33.4% | 63 | 61 |
| estrada Loulé | Active | €399,000 | €3,874 | 33.4% | 63 | 74 |
| rua José Rosário da Silva, 36 | Active | €339,000 | €3,767 | 29.7% | 73 | 64 |
| Median comp | €369,000 | €3,874 | 33.4% | 67 | 64 |
Long-term rental This 2-bed apartment in Faro is overpriced at €305,000, yielding only 4.2% gross, which may deter potential long-term tenants in a market where the fair value is closer to €303,715. The property’s moderate condition score of 62/100 also suggests higher ongoing maintenance may be required, further reducing its attractiveness for stable rental income. Short-term vacation rental Given its proximity to the Algarve and the strong tourism market, the potential for short-term vacation rentals appears promising; however, with the property priced above fair value, the return on investment may not justify the upfront costs. The slight gap from fair value, at 0.4%, indicates that investors might struggle to achieve meaningful margins in an increasingly competitive market. Buy-and-hold As a buy-and-hold investment, this apartment could struggle against the current pricing structure, standing at €305,000 while the fair value remains just €303,715, suggesting limited upside potential. Coupled with a condition score of 62/100, holding onto this asset long-term may yield disappointing returns, especially as rising maintenance costs erode profitability. Not ideal for: This property is not suited for student housing or the luxury market due to its location and condition ratings that provide a lukewarm appeal in these segments.
Economic Vulnerability The economic stability score of 65/100 suggests a moderate risk of economic downturn affecting tenant demand and rent levels. Tenancy Concerns With a tenant stability score of 70/100, there is a risk of potential fluctuations in tenant retention rates impacting overall rental income.
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