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.
2-bedroom, 1-bathroom apartment of 93 m², energy rating D. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features quality cabinetry in the kitchen and is strategically located near Faro hospital, offering exceptional investment potential for professionals in the area.
The valuation. The asking price of €295,000 is €19,112 (6.5%) above the fair value of €275,888, indicating that the property is overpriced. This discrepancy could deter potential buyers in a competitive market.
Fair value modelled at €275,888 from the area baseline, adjusted for condition and location. Asking €295,000 sits €19,112 (6.5%) above — overpriced versus fair value.
Asking €295,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €300,483 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 68 · Materials 75 · Room dimensions 73). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 65/100 (Housing Market 70 · Amenities 65 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €300,483 + condition -€6,248 + location +€15,970 = modelled fair value of €275,888 (€2,967/m²), a €19,112 (6.5%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · b7c1fb | Subject | €295,000 | €3,172 | — | 68 | 65 |
| Faro (Sé e São Pedro) · 9384ec | Active | €290,000 | €3,372 | 6.3% | 70 | 58 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 28.4% | 70 | 64 |
| Faro (Sé e São Pedro) · 4d4500 | Active | €287,500 | €4,228 | 33.3% | 68 | 62 |
| estrada Loulé | Active | €399,000 | €3,874 | 22.1% | 63 | 74 |
| Median comp | €288,750 | €3,973 | 25.2% | 69 | 63 |
Short-term vacation rental The apartment’s location in Faro, a popular destination in the Algarve, may offer potential for short-term vacation rentals; however, the property is currently overpriced at €295,000 against a fair value of €275,888. With a gross yield of only 4.3%, the investment may not provide the expected return in a market where competition is fierce and demand can be seasonal. Buy-and-hold Although the property could be held long-term given its location, the current listing price is excessive compared to the fair value estimate of €275,888, resulting in a 6.5% gap. The property’s condition rated at 71/100 indicates that future maintenance costs could further diminish the investment's attractiveness. Family rental While the apartment might suit families looking for housing in Faro, the current listing price of €295,000 is above the estimated fair value, making it less appealing as a long-term rental investment. Additionally, the neighborhood's lower score of 65/100 suggests challenges in attracting quality tenants in a competitive rental landscape.
Economic Volatility Risk The economic stability score of 60/100 indicates potential uncertainty, which may negatively impact rental income and property value over time.
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