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.
1-bedroom, 1-bathroom apartment of 86 m², built in 1983, energy rating D. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Feature: This apartment features a converted terrace with +3 rooms, significantly increasing rental potential while maximizing use of outdoor space for additional amenities or leisure activities.
The valuation. The asking price of €290,000 is significantly above the fair value of €245,543, reflecting an overvaluation of €44,457, or 15.3%. This discrepancy indicates that prospective buyers may need to negotiate aggressively to find a suitable price.
Fair value modelled at €245,543 from the area baseline, adjusted for condition and location. Asking €290,000 sits €44,457 (15.3%) above — overpriced versus fair value.
Asking €290,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €277,866 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 70 · Materials 65 · Room dimensions 73). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 58/100 (Housing Market 60 · Amenities 55 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €277,866 + condition -€8,466 + location +€7,876 = modelled fair value of €245,543 (€2,855/m²), a €44,457 (15.3%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 9384ec | Subject | €290,000 | €3,372 | — | 70 | 58 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 20.7% | 70 | 64 |
| Faro (Sé e São Pedro) · 4d4500 | Active | €287,500 | €4,228 | 25.4% | 68 | 62 |
| estrada Loulé | Active | €399,000 | €3,874 | 14.9% | 63 | 74 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 13.9% | 60 | 70 |
| Median comp | €296,250 | €3,973 | 17.8% | 66 | 67 |
Short-term vacation rental This property may generate a 4% gross yield, but its current listing price of €290,000 indicates that it is overpriced by 15.3% compared to the fair value of €245,543. The moderate condition score of 69/100, coupled with a neighborhood rating of 58/100, suggests that it may struggle to attract consistent short-term guests, limiting rental income potential. Buy-and-hold Investing in this 1-bed apartment in Faro does not present a compelling long-term opportunity due to its 15.3% premium over fair value, with a fair value estimated at €245,543. The combination of an average yield of 4% and a less than ideal neighborhood rating indicates that holding this property might result in stagnant appreciation or increased holding costs. Not ideal for This property is not suitable for entry into the luxury market, as its specifications and location fail to meet the expectations of high-end buyers. Additionally, with its current pricing and neighborhood conditions, it is equally unfit for student housing investments, which typically demand more value-oriented options.
Economic vulnerability With an economic stability score of 45/100, there is a significant risk that local economic conditions may lead to increased vacancies or rent reductions.
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