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 116 m² on the 6th floor, built in 2003, energy rating C. Located on rua Filipe Ferrer, 23, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment boasts balconies in every room, enhancing natural light and outdoor living, while also offering a dedicated pantry for added storage convenience.
The valuation. The asking price of €389,000 is significantly above fair value, with a difference of €60,525 (15.6%). This property is overpriced based on the assessed fair value of €328,475.
Fair value modelled at €328,475 from the area baseline, adjusted for condition and location. Asking €389,000 sits €60,525 (15.6%) above — overpriced versus fair value.
Asking €389,000 versus the rua Filipe Ferrer, 23 area baseline of €374,796 (€3,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 68 · Materials 60 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 61/100 (Housing Market 65 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Filipe Ferrer, 23
Area baseline €374,796 + condition -€18,125 + location +€14,608 = modelled fair value of €328,475 (€2,832/m²), a €60,525 (15.6%) gap versus the €389,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Filipe Ferrer, 23 | Subject | €389,000 | €3,353 | — | 68 | 61 |
| rua Doutor Olímpio Passos Valente, 13 | Active | €472,000 | €3,933 | 17.3% | 74 | 68 |
| praceta Azedo Gneco | Active | €335,000 | €3,418 | 1.9% | 65 | 62 |
| Faro (Sé e São Pedro) · 6c7b77 | Active | €375,000 | €3,409 | 1.7% | 73 | 62 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 13.4% | 60 | 70 |
| Median comp | €355,000 | €3,414 | 1.8% | 69 | 65 |
Long-term rental This 3-bed apartment in Faro is overpriced at €389,000, which is 15.6% above its fair value of €328,475. With a gross yield of only 3.8% and a neighborhood rating of 61/100, the long-term rental market may not provide an attractive return on investment. Buy-and-hold Investing in this property as a buy-and-hold asset is not advisable due to its current price being 15.6% above fair value, costing €389,000 instead of €328,475. The moderately diversified economy of Faro does support appreciation, but the expenditure outweighs potential long-term gains in this particular instance. Short-term vacation rental The listing price of €389,000 for the apartment is 15.6% above its fair value of €328,475, suggesting it is not an optimal investment for the short-term vacation rental market. Given the gross yield of 3.8% and the property's condition rating of 65/100, it may struggle to compete against better-priced options in a tourist-heavy area like Faro.
Economic Vulnerability The economic stability score of 55/100 indicates a moderate risk of economic instability that could impact rental income.
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