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.
1-bedroom, 1-bathroom apartment of 83 m² on the 1st floor. Located on rua Miguel Bombarda, 3-5, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Feature: The apartment's dual balconies provide ample outdoor space, enhancing natural light and ventilation, while the building's low occupancy guarantees a quieter living environment in the heart of Faro.
The valuation. The asking price of €299,000 is slightly below the fair value of €321,524, indicating a difference of €22,524 (7.0%). This property is fairly valued, making it a reasonable consideration for potential investors.
Fair value modelled at €321,524 from 6 comparable sales in the area. Asking €299,000 sits €22,524 (7.0%) below — the upside to fair value.
Asking €299,000 versus the rua Miguel Bombarda, 3-5 area baseline of €285,179 (€3,436/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €285,179, adjusted for condition and micro-location, gives a modelled fair value of €321,524 (€3,874/m²), a €22,524 (7.0%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Miguel Bombarda, 3-5 | Subject | €299,000 | €3,602 | — | 62 | 64 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 13.0% | 70 | 64 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 19.4% | 60 | 70 |
| Faro (Sé e São Pedro) · 9384ec | Active | €290,000 | €3,372 | 6.4% | 70 | 58 |
| estrada Loulé | Active | €399,000 | €3,874 | 7.5% | 63 | 74 |
| Median comp | €297,500 | €3,623 | 0.6% | 67 | 67 |
Short-term vacation rental The property is positioned well within a tourist area, indicating a steady demand for short-term vacation rentals. Despite the 2.7% gross yield and a fair valuation, the pricing suggests that immediate returns may lack upside potential due to slight overvaluation. Long-term rental The apartment's fair value suggests that it could generate reliable, albeit modest, cash flow as a long-term rental in a stable economic area. With the current price reflecting a 7.0% gap from fair value, the investment will yield limited immediate appreciation. Value-add renovation While the property’s current condition is rated at 64/100, there is an opportunity for value-added renovations that could enhance both rental appeal and future resale value. However, the existing fair valuation indicates constraints on potential upside returns related to the renovation costs versus the high initial asking price.
Potential Economic Decline: With an economic stability score of only 55/100, there is a risk that market conditions could worsen, impacting tenant capacity to pay rent and leading to possible vacancies.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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