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.
4-bedroom, 2-bathroom apartment of 183 m², built in 2008, energy rating B. Located on urbanização Hortas das Figuras, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment includes a private parking spot and a storage unit in the basement, enhancing convenience and security for residents in the bustling Horta das Figuras area.
The valuation. The asking price of €499,500 is positioned below the fair value of €571,464, representing an advantageous opportunity with a difference of €71,964 (14.4%). This property is considered underpriced, appealing for prospective buyers.
Fair value modelled at €571,464 from the area baseline, adjusted for condition and location. Asking €499,500 sits €71,964 (14.4%) below — the upside to fair value.
Asking €499,500 versus the urbanização Hortas das Figuras area baseline of €591,273 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 82 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 68/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
urbanização Hortas das Figuras
Area baseline €591,273 + condition +€10,008 + location +€37,710 = modelled fair value of €571,464 (€3,123/m²), a €71,964 (14.4%) gap versus the €499,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Hortas das Figuras | Subject | €499,500 | €2,730 | — | 75 | 68 |
| rua Corina Freire, 11 | Active | €619,000 | €3,328 | 21.9% | 78 | 63 |
| Faro (Sé e São Pedro) · 0014f6 | Active | €549,000 | €3,760 | 37.8% | 81 | 61 |
| travessa da Mota | Active | €530,000 | €2,208 | 19.1% | 75 | 70 |
| rua Reitor Teixeira Guedes, 26 | Active | €630,000 | €3,281 | 20.2% | 70 | 70 |
| Median comp | €584,000 | €3,305 | 21.1% | 77 | 67 |
Short-term vacation rental The property, listed at €499,500, is underpriced relative to its fair value of €571,464, creating an attractive opportunity in the vacation rental market. With a 4.5% gross yield and a prime location in Algarve near Albufeira, it is well-positioned to capitalize on the robust tourism-driven demand. Buy-and-hold This apartment’s current listing price provides a meaningful gap from its fair value, suggesting potential appreciation for long-term investors. The steady demand for housing in a tourist-friendly area supports a solid buy-and-hold strategy, making this asset a compelling addition to a diversified real estate portfolio. Family rental Despite being underpriced at €499,500, the property’s size and condition make it suitable for families looking for longer-term rentals. The neighborhood’s amenities and decent tenant quality bolster its appeal as a family-oriented investment, creating a reliable rental income stream.
Economic Vulnerability The economic stability score of 65 indicates potential challenges in the local economy that could affect rental income, while a tenant stability score of 60 suggests a higher risk of tenant turnover, both of which may impact long-term profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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