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.
3-bedroom, 2-bathroom apartment of 139 m², built in 2006. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment features dual solar exposure in the master suite, enhancing natural light and providing stunning views of the city and sea from spacious balconies.
The valuation. The asking price of €432,000 sits €8,212 (1.9%) above the fair value of €423,788, indicating this property is overpriced. The valuation suggests caution as the property does not represent a competitive market opportunity.
Fair value modelled at €423,788 from the area baseline, adjusted for condition and location. Asking €432,000 sits €8,212 (1.9%) above — overpriced versus fair value.
Asking €432,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €449,109 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 79 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 65 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €449,109 + condition +€3,692 + location +€22,278 = modelled fair value of €423,788 (€3,049/m²), a €8,212 (1.9%) gap versus the €432,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 23f4fa | Subject | €432,000 | €3,108 | — | 74 | 64 |
| rua Doutor Olímpio Passos Valente, 13 | Active | €472,000 | €3,933 | 26.6% | 74 | 68 |
| Faro (Sé e São Pedro) · 6d5230 | Active | €675,000 | €3,261 | 4.9% | 70 | 63 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 31.0% | 70 | 64 |
| Faro (Sé e São Pedro) · 4bbc2f | Active | €339,000 | €3,767 | 21.2% | 70 | 61 |
| Median comp | €405,500 | €3,850 | 23.9% | 70 | 64 |
Short-term vacation rental This 3-bed apartment in Faro, listed at €432,000, is overpriced as it is only marginally above its fair value of €423,788, limiting potential rental income. Despite the appealing tourism market in Algarve, the yield of 3.7% gross suggests a lower return compared to realistic investment opportunities in the area. Long-term rental With a fair value of €423,788 and a listing price of €432,000, the property is overpriced, which may deter prospective long-term tenants. The neighbourhood rating of 64/100 may affect tenant quality and long-term demand, posing challenges for sustainable rental income. Buy-and-hold The apartment's current listing price of €432,000 reflects an overpriced market position, slightly exceeding its fair value of €423,788. While the Algarve has potential for appreciation due to its tourism appeal, the yield of 3.7% gross suggests that this investment may not yield the expected returns in the long run.
Economic Sensitivity The property's economic stability score of 55/100 indicates a moderate risk due to potential economic fluctuations that could affect rental income.**
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