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 66 m² on the 1st floor, energy rating C. Located on rua Capitão Jose Vieira Branco, 23, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. The apartment features a private terrace that offers an inviting outdoor space, and its location on a quiet residential street enhances the overall living experience despite needing rehabilitation.
The valuation. The asking price of €270,000 exceeds the fair value of €189,875 by €80,125 (29.7%), indicating that the property is overpriced. This discrepancy suggests potential challenges in achieving a profitable return on investment.
Fair value modelled at €189,875 from the area baseline, adjusted for condition and location. Asking €270,000 sits €80,125 (29.7%) above — overpriced versus fair value.
Asking €270,000 versus the rua Capitão Jose Vieira Branco, 23 area baseline of €213,246 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 (Condition 58 · Materials 65 · Room dimensions 63). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Capitão Jose Vieira Branco, 23
Area baseline €213,246 + condition -€14,128 + location +€15,111 = modelled fair value of €189,875 (€2,877/m²), a €80,125 (29.7%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Capitão Jose Vieira Branco, 23 | Subject | €270,000 | €4,091 | — | 58 | 70 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 29.0% | 60 | 70 |
| rua José Rosário da Silva, 36 | Active | €339,000 | €3,767 | 7.9% | 73 | 64 |
| Faro (Sé e São Pedro) · dc1443 | Active | €310,000 | €3,370 | 17.6% | — | 65 |
| Faro (Sé e São Pedro) · dc149b | Active | €340,000 | €3,542 | 13.4% | 65 | 62 |
| Median comp | €324,500 | €3,456 | 15.5% | 65 | 65 |
Short-term vacation rental This 2-bed apartment in Faro, listed at €270,000, is significantly overpriced compared to its fair value of €189,875, revealing a 29.7% gap. With a gross yield of only 3.7% and a condition rating of 61/100, the property may struggle to attract the desired tourist clientele in a competitive market. Long-term rental For long-term rental prospects, this apartment's price appears excessive as it exceeds fair value by nearly 30%, which could deter potential tenants. The property's gross yield of 3.7% does not justify the current asking price, suggesting limited rental income potential in the area. Family rental As a family rental option, this apartment is priced above fair value, creating challenges for attracting families who seek affordable housing. The combination of a 3.7% gross yield and a moderate neighborhood rating of 70/100 indicates that the investment may not provide the desired appeal for family living. Not ideal for This property is not suited for student housing, given its proximity to local universities and the need for affordable rental options that contrast with its overpriced listing. Additionally, it is unlikely to attract the luxury market, given both the condition rating and the overall housing price dynamics in the area. Not ideal for The property demonstrates a lack of suitability for industrial development, as it is based in a residential district with tourism focus rather than economic activity. Overall, its overpriced status further complicates any potential for development, making this strategy less viable.
Economic Vulnerability The economic stability score of 65/100 indicates a potential risk as it suggests that local economic conditions could be less favorable, potentially impacting rental income. Tenant Turnover Risk A tenant stability score of 70/100 suggests moderate risk of tenant turnover, which could lead to increased vacancy rates and additional costs related to finding new tenants.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
