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 127 m², built in 1992, energy rating D. Located on urbanização Alto Rodes Alto Rodes, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features a spacious kitchen with piping for gas, enhancing cooking options, and boasts a barbecue terrace perfect for entertaining amidst scenic views.
The valuation. The asking price of €357,000 is below the fair value of €388,328 by €31,328 (8.8%). This positions the property as an attractive investment opportunity, clearly underpriced against market fundamentals.
Fair value modelled at €388,328 from the area baseline, adjusted for condition and location. Asking €357,000 sits €31,328 (8.8%) below — the upside to fair value.
Asking €357,000 versus the urbanização Alto Rodes Alto Rodes area baseline of €410,337 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 63/100 (Housing Market 65 · Amenities 70 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
urbanização Alto Rodes Alto Rodes
Area baseline €410,337 + condition +€5,953 + location +€18,901 = modelled fair value of €388,328 (€3,058/m²), a €31,328 (8.8%) gap versus the €357,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Alto Rodes Alto Rodes | Subject | €357,000 | €2,811 | — | 75 | 63 |
| travessa da Mota | Active | €530,000 | €2,208 | 21.4% | 75 | 70 |
| avenida Doctor Gordinho Moreira, 6 | Active | €367,000 | €2,719 | 3.3% | 70 | 62 |
| Faro (Sé e São Pedro) · 0dd008 | Active | €295,000 | €2,837 | 0.9% | 72 | 58 |
| Faro (Sé e São Pedro) · dbd479 | Active | €289,000 | €2,604 | 7.4% | 70 | 57 |
| Median comp | €331,000 | €2,662 | 5.3% | 71 | 60 |
Short-term vacation rental This 3-bed apartment in Faro presents a solid opportunity for short-term vacation rental, leveraging its proximity to Albufeira and the area's tourist appeal. With a gross yield of 4.3% and fair value showing a slight gap at 8.8%, the investment is positioned well to capitalize on the influx of visitors in peak seasons. Long-term rental For long-term rental purposes, the property shows promise with a fair value considerably higher than the listing price, indicating room for growth in rental income reliability. The neighbourhood's mixed amenities enhance its attractiveness, potentially attracting stable tenants seeking a blend of residential and leisure opportunities. Buy-and-hold As a buy-and-hold investment, this property is underpriced relative to its fair value, suggesting a strategic entry point for long-term appreciation. Strong demand driven by the tourism sector, combined with the solid condition rating of 78/100, supports a valuable long-term asset in a desirable location.
Economic Vulnerability The property carries a risk due to an economic stability score of 55/100, indicating potential fluctuations in market conditions that could impact rental income.
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