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, 1-bathroom apartment of 98 m², built in 1986, energy rating C. Located on praceta Azedo Gneco, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment includes a closed balcony accessible from the spacious living room, enhancing outdoor living while offering unobstructed views and excellent sun exposure.
The valuation. The asking price of €335,000 is significantly above the fair value of €276,329, representing an overpricing of €58,671 (17.5%). This disconnect suggests the property is not financially viable as an investment at its current asking price.
Fair value modelled at €276,329 from the area baseline, adjusted for condition and location. Asking €335,000 sits €58,671 (17.5%) above — overpriced versus fair value.
Asking €335,000 versus the praceta Azedo Gneco area baseline of €316,638 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 (Condition 65 · Materials 62 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 65 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
praceta Azedo Gneco
Area baseline €316,638 + condition -€17,609 + location +€13,463 = modelled fair value of €276,329 (€2,820/m²), a €58,671 (17.5%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Azedo Gneco | Subject | €335,000 | €3,418 | — | 65 | 62 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 19.1% | 70 | 64 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 15.0% | 60 | 70 |
| rua José Rosário da Silva, 36 | Active | €339,000 | €3,767 | 10.2% | 73 | 64 |
| rua Capitão Jose Vieira Branco, 23 | Active | €270,000 | €4,091 | 19.7% | 58 | 70 |
| Median comp | €295,000 | €3,919 | 14.6% | 65 | 67 |
Short-term vacation rental This property, while located in a tourist-attractive area of the Algarve, is overpriced at €335,000, compared to the fair value of €276,329, resulting in a gap of 17.5%. With a gross yield of only 4.4%, the potential for short-term rental income may not justify the initial investment cost. Family rental The apartment's 64/100 condition and 62/100 neighborhood rating suggest that it may not appeal to families seeking quality living environments, especially given its overpriced status. With the property priced significantly higher than its fair value, long-term rental returns could be hindered by tenant demand and competition. Buy-and-hold Holding this property for capital appreciation is risky, as its current price does not reflect its fair valuation and shows a notable 17.5% overpricing. The combination of moderate tenant quality in the neighborhood and an appealing but not compelling yield of 4.4% makes this strategy less attractive for potential investors.
Economic Vulnerability The economic stability score of 55/100 suggests a risk of fluctuating market conditions that could adversely affect property values and rental income. Tenant Stability The tenant stability score of 65/100 indicates a moderate risk of tenant turnover, which may lead to potential vacancies and loss of rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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