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 96 m², energy rating D. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features a recently modernized kitchen and bathroom, providing a contemporary living experience in a classic setting, complemented by breathtaking views from the 7th floor.
The valuation. The asking price of €340,000 sits significantly above the fair value of €290,487, representing an overvaluation of €49,513 (14.6%). This property is priced beyond its market worth.
Fair value modelled at €290,487 from the area baseline, adjusted for condition and location. Asking €340,000 sits €49,513 (14.6%) above — overpriced versus fair value.
Asking €340,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €310,176 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 76 · 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 55 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €310,176 + condition -€750 + location +€16,485 = modelled fair value of €290,487 (€3,026/m²), a €49,513 (14.6%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · b7c221 | Subject | €340,000 | €3,542 | — | 76 | 65 |
| Faro (Sé e São Pedro) · 4d4500 | Active | €287,500 | €4,228 | 19.4% | 68 | 62 |
| rua Ataide de Oliveira | Active | €408,000 | €3,264 | 7.8% | 75 | 62 |
| Faro (Sé e São Pedro) · 9384ec | Active | €290,000 | €3,372 | 4.8% | 70 | 58 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 15.0% | 70 | 64 |
| Median comp | €288,750 | €3,722 | 5.1% | 70 | 62 |
Short-term vacation rental The current listing price of €340,000 exceeds the fair value of €290,487, indicating the property is overpriced for a short-term rental strategy, which typically requires higher yields to offset potential vacancy risks. With a gross yield of only 3.5%, this investment may not meet the expected return on investment criteria in a market driven by tourism. Buy-and-hold As the listing is priced at €340,000 while its fair value is significantly lower at €290,487, this buy-and-hold strategy presents a challenge due to the property being overpriced. Holding onto this asset may lead to lower appreciation potential than alternatives within the Algarve market, given the current yield of 3.5% which is not particularly compelling. Long-term rental The asking price of €340,000 significantly surpasses the fair value of €290,487, categorizing the property as overpriced for a long-term rental investment. At a gross yield of 3.5%, the return does not justify the investment, especially considering the neighborhood's lower rating of 65/100 and its implications for tenant quality and demand.
Economic risk The economic stability score of 55/100 indicates a potential vulnerability to market fluctuations that could impact property value and rental income.
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