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 110 m² on the 5th floor, built in 1984, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Features: The apartment's dual balconies provide panoramic views of Ria Formosa and the city, enhancing the bright and airy ambiance, while its prime location ensures convenient access to essential amenities.
The valuation. The asking price of €378,000 is notably higher than the fair value of €332,110, exceeding it by €45,890 or 12.1%. This property is currently considered overpriced.
Fair value modelled at €332,110 from the area baseline, adjusted for condition and location. Asking €378,000 sits €45,890 (12.1%) above — overpriced versus fair value.
Asking €378,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €355,410 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 75 · Materials 80 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 61/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Faro (Sé e São Pedro), Faro, Faro
Area baseline €355,410 + condition +€3,438 + location +€13,852 = modelled fair value of €332,110 (€3,019/m²), a €45,890 (12.1%) gap versus the €378,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 483b96 | Subject | €378,000 | €3,436 | — | 75 | 61 |
| Faro (Sé e São Pedro) · 23f4fa | Active | €432,000 | €3,108 | 9.6% | 74 | 64 |
| rua Doutor Olímpio Passos Valente, 13 | Active | €472,000 | €3,933 | 14.5% | 74 | 68 |
| Faro (Sé e São Pedro) · 6d5230 | Active | €675,000 | €3,261 | 5.1% | 70 | 63 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 18.5% | 70 | 64 |
| Median comp | €452,000 | €3,597 | 4.7% | 72 | 64 |
Short-term vacation rental The property's value is 12.1% above fair value, indicating it may not generate optimal returns in the competitive short-term rental market. With a gross yield of 4.1%, the potential for profitability is limited given the seasonal fluctuations in tourism. Long-term rental At a listing price of €378,000, the apartment appears overpriced relative to its fair value, which may deter long-term tenants looking for better value options. The current yield of 4.1% suggests a modest return, insufficient to offset the elevated purchase price in this economic context. Buy-and-hold Investing in this property for a buy-and-hold strategy is not ideal due to its 12.1% gap from fair value. The less stable economic conditions in the neighborhood and a modest yield of 4.1% could hinder long-term appreciation potential and return on investment.
Economic Volatility Risk The property's economic stability score of 55/100 indicates a moderate risk of economic fluctuations that could impact rental demand and property value.
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