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, 1-bathroom apartment of 90 m², built in 1992, energy rating C. Located on rua José Rosário da Silva, 36, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment offers a pleasant terrace that enhances quality of life and provides a private outdoor space ideal for relaxation or entertaining guests.
The valuation. The asking price of €339,000 exceeds the fair value of €262,583 by €76,417 (22.5%), indicating that this property is overpriced. Investors should be cautious when considering purchasing at this valuation. Buy-to-flip angle. A buy-to-flip strategy would aim to renovate this 3-bed apartment, enhancing finishes to increase its appeal before selling at a profit, ideally within a short timeline. Given the current asking price, multiple upgrades will be necessary to achieve desired margins. Buy-to-let angle. With an estimated rental income of €1,102/month, the property offers a gross yield of 3.9%. A buy-and-hold strategy targeting short-term vacation rentals in Algarve could capitalize on the area's seasonal tourism, ensuring steady cash flow.
Fair value modelled at €262,583 from the area baseline, adjusted for condition and location. Asking €339,000 sits €76,417 (22.5%) above — overpriced versus fair value.
Asking €339,000 versus the rua José Rosário da Silva, 36 area baseline of €257,580 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 73 · Materials 68 · Room dimensions 67). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 65 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua José Rosário da Silva, 36
Area baseline €257,580 + condition -€9,422 + location +€14,424 = modelled fair value of €262,583 (€2,918/m²), a €76,417 (22.5%) gap versus the €339,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Rosário da Silva, 36 | Subject | €339,000 | €3,767 | — | 73 | 64 |
| Faro (Sé e São Pedro) · 4bbc2f | Active | €339,000 | €3,767 | 0% | 70 | 61 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 22.9% | 60 | 70 |
| rua Ataide de Oliveira | Active | €408,000 | €3,264 | 13.3% | 75 | 62 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 8.1% | 70 | 64 |
| Median comp | €322,000 | €3,516 | 6.7% | 70 | 63 |
Short-term vacation rental While the holiday rental market in Algarve is lucrative due to its tourist appeal, this property is overpriced, creating a barrier to entry for profitable investment. The gross yield of 3.9% does not justify the 22.5% gap from its fair value of €262,583, making it a risky venture. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is unappealing due to its current overpriced valuation of €339,000, especially when compared to the fair value. The long-term appreciation potential is undermined by the 22.5% gap from fair value, suggesting limited upside for future returns. Family rental As a family rental, this property presents challenges with its overpriced status, which may deter potential tenants. With a condition rating of 68/100 and a fair value gap of 22.5%, the investment lacks attractive features for families amidst competitive rental options in the area.
Economic risk due to local instability With an economic stability score of 55/100, the property may experience fluctuations in market demand, potentially impacting rental income and tenant turnover rates.
