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 house of 67 m², built in 1980. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This house includes a versatile additional room which can function as a bedroom, office, or support room, enhancing its adaptability for various lifestyle needs. Location Advantage: Positioned next to major city entrances, it offers excellent connectivity to both educational and commercial facilities in Faro.
The valuation. The asking price of €230,000 is well above the fair value of €182,151, marking an excess of €47,849 (20.8%). This property is considered overpriced and does not present a compelling value for potential investors.
Fair value modelled at €182,151 from the area baseline, adjusted for condition and location. Asking €230,000 sits €47,849 (20.8%) above — overpriced versus fair value.
Asking €230,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €191,754 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 59/100 (Condition 62 · Materials 55 · Room dimensions 56). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 60/100 (Housing Market 60 · Amenities 60 · Economic 45 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €191,754 + condition -€17,273 + location +€7,670 = modelled fair value of €182,151 (€2,719/m²), a €47,849 (20.8%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 4a81cc | Subject | €230,000 | €3,433 | — | 62 | 60 |
| Faro (Sé e São Pedro) · cfdf21 | Active | €426,000 | €2,420 | 29.5% | 54 | 60 |
| rua do Trem, 13 | Active | €850,000 | €2,833 | 17.5% | 70 | 70 |
| rua de Santo António | Active | €370,000 | €3,895 | 13.5% | 45 | 73 |
| Faro (Sé e São Pedro) · 49b840 | Active | €698,000 | €6,648 | 93.6% | 75 | 69 |
| Median comp | €562,000 | €3,364 | 2.0% | 62 | 70 |
Short-term vacation rental Although the Algarve region attracts tourism, the current listing price of €230,000 exceeds the fair value of €182,151, indicating the property is overpriced. Additionally, the 0% yield suggests that this house may not generate the expected returns for a vacation rental investment. Long-term rental Investing in this property as a long-term rental is not prudent due to its overpriced status, priced at €230,000 while fair value sits at €182,151. With a condition score of 59/100 and a gross yield of 0%, the property is unlikely to attract high-quality tenants under the current market conditions. Buy-and-hold Holding this property for long-term appreciation appears unwise, as it is currently overpriced at €230,000 compared to the fair value of €182,151. The combination of a low-quality score and a stagnant yield reflects a poor investment outlook in the buy-and-hold strategy.
Economic Decline Risk The economic stability score of 45/100 indicates a significant risk of downturns, which may affect tenant retention despite a higher tenant stability score of 70/100.
