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.
0-bedroom, 0-bathroom mix_use_building of 908 m², energy rating E. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The property includes a rooftop space ideal for a sky bar or panoramic restaurant, offering unparalleled views of the Ria Formosa and the historic cityscape of Faro.
The valuation. The asking price of €3,050,000 is 10.3% above the fair value of €2,735,654, indicating the property is overpriced. This gap suggests potential buyers should consider lower offers or reevaluate the investment.
Fair value modelled at €2,735,654 from the area baseline, adjusted for condition and location. Asking €3,050,000 sits €314,346 (10.3%) above — overpriced versus fair value.
Asking €3,050,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €2,951,908 (€3,251/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 68 · Materials 75 · Room dimensions 69). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 65 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €2,951,908 + condition -€70,938 + location +€207,896 = modelled fair value of €2,735,654 (€3,013/m²), a €314,346 (10.3%) gap versus the €3,050,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 60331d | Subject | €3,050,000 | €3,359 | — | 68 | 70 |
| Faro (Sé e São Pedro) · 8d9fcc | Active | €1,290,000 | €2,638 | 21.5% | 78 | 59 |
| rua do Compromisso | Active | €350,000 | €933 | 72.2% | — | 73 |
| urbanização Vale da Amoreira Penha | Active | €230,000 | €3,286 | 2.2% | 70 | 63 |
| Faro (Sé e São Pedro) · 4d4500 | Active | €287,500 | €4,228 | 25.9% | 68 | 62 |
| Median comp | €318,750 | €2,962 | 11.8% | 70 | 63 |
Long-term rental The property is not positioned for strong long-term rental demand due to its current market price being 10.3% above fair value. Additionally, with a yield of 0%, potential investors may find it challenging to justify the investment given the property condition and neighborhood score. Short-term vacation rental Although the location in Faro could attract tourists, the property is priced above fair value, making it less appealing for short-term vacation rental investments. The lack of yield and the property's condition further diminish its attractiveness in the vacation rental market. Buy-and-hold Investing in this property with a buy-and-hold strategy appears unwise due to its 10.3% premium over fair value, putting the capital at risk without yielding immediate returns. The property’s lack of yield and suboptimal condition contribute to concerns about long-term viability and appreciation potential.
Economic and Tenant Instability Risk: With both economic and tenant stability scores at 70/100, there is a moderate risk of fluctuations in rental income due to potentially unstable tenant turnover and economic conditions affecting demand.
