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 38 m², built in 1994, energy rating C. Located on avenida Calouste Gulbenkian, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment includes a continuous balcony offering panoramic views and a cozy fireplace, adding a unique charm to the living and dining space.
The valuation. The asking price of €399,000 is significantly above its fair value of €105,402, resulting in being overpriced by €293,598 (73.6%). This discrepancy indicates potential financial losses for investors. Buy-to-flip angle. Given the excessive asking price, this property may not yield immediate profits through a resale strategy, as renovations would not justify such a high upfront cost. Buy-to-let angle. With a gross yield of 0% and no positive cash flow, pursuing long-term rental opportunities in this property may not be financially viable. The basic finish and lack of upgrades deter potential tenants.
Fair value modelled at €105,402 from the area baseline, adjusted for condition and location. Asking €399,000 sits €293,598 (73.6%) above — overpriced versus fair value.
Asking €399,000 versus the avenida Calouste Gulbenkian area baseline of €122,778 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 53/100 (Condition 55 · Materials 50 · Room dimensions 57). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 60 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
avenida Calouste Gulbenkian
Area baseline €122,778 + condition -€13,359 + location +€10,006 = modelled fair value of €105,402 (€2,774/m²), a €293,598 (73.6%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Calouste Gulbenkian | Subject | €399,000 | €10,500 | — | 55 | 73 |
| Faro (Sé e São Pedro) · 956cc7 | Active | €390,000 | €4,815 | 54.1% | 67 | 59 |
| Faro (Sé e São Pedro) · 6d54cd | Active | €650,000 | €4,643 | 55.8% | 60 | 59 |
| avenida Calouste Gulbenkian | Active | €237,500 | €4,481 | 57.3% | 72 | 58 |
| Faro (Sé e São Pedro) · 937435 | Active | €266,000 | €3,500 | 66.7% | 45 | 60 |
| Median comp | €328,000 | €4,562 | 56.6% | 64 | 59 |
Long-term rental The property at €399,000 is overpriced, given the fair value of only €105,402, leading to a significant gap of 73.6%. With a gross yield of 0%, this investment is unlikely to provide adequate cash flow or appreciation in the long run. Short-term vacation rental Despite the allure of the Algarve for tourism, this property's high price does not reflect its fair value, suggesting it is overpriced at €399,000, which is 73.6% above fair value. The lack of yield and mediocre condition (53/100) further complicate its viability as a short-term rental. Buy-and-hold At €399,000, the property is overpriced, creating an unsustainable investment scenario when compared to its fair value of €105,402. The stagnant cash flows and underwhelming condition diminish the potential returns from a buy-and-hold strategy.
Economic Vulnerability The economic stability score of 60/100 indicates a potential risk of market fluctuations that could affect property value and rental income.
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