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 125 m², built in 1995. Located on rua Ataide de Oliveira, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment boasts a spacious balcony equipped with a barbecue and dining area, perfect for enjoying the Algarvian climate year-round while providing ample outdoor storage.
The valuation. The asking price of €408,000 is above the fair value of €381,758, reflecting an overpricing of €26,242 (6.4%). This discrepancy suggests that potential investors should approach this property with caution.
Fair value modelled at €381,758 from the area baseline, adjusted for condition and location. Asking €408,000 sits €26,242 (6.4%) above — overpriced versus fair value.
Asking €408,000 versus the rua Ataide de Oliveira area baseline of €357,750 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx. Full condition report →
Neighbourhood score 62/100 (Housing Market 65 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
rua Ataide de Oliveira
Area baseline €357,750 + condition +€6,836 + location +€17,172 = modelled fair value of €381,758 (€3,054/m²), a €26,242 (6.4%) gap versus the €408,000 asking price.
Long-term rental The gross yield of 3.5% indicates that this property may not generate sufficient returns for a long-term rental strategy, especially given the 6.4% gap from the fair value of €381,758. Additionally, the neighbourhood’s lower rating and limited local employment opportunities outside tourism could further hinder tenant demand. Short-term vacation rental While the location benefits from seasonal tourism typical of the Algarve coast, the listing price of €408,000 suggests the property is overpriced compared to its fair value of €381,758, impacting profitability for a vacation rental market. Moreover, the neighbourhood's average rating may not attract higher-end tourists seeking short-term accommodations. Family rental With a fair value of €381,758 and a pricing above that, investing in this property for family rentals may not be advisable, especially considering the limited local employment options. The condition score of 79/100 is decent, but the overall pricing suggests a mismatch with the value perceived by families looking for suitable long-term residences.
Economic volatility risk The economic stability score of 55 indicates potential fluctuations that could impact rental income and property value significantly.
