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 127 m² on the 3rd floor, energy rating E. Located on rua Ascensao Guimaraes, 2, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features a large terrace equipped with a barbecue area, offering an ideal setting for outdoor entertaining and relaxation with unobstructed views of the surroundings.
The valuation. The asking price of €357,000 is slightly above the fair value of €345,515, representing a premium of €11,485 (3.3%). This indicates the property is priced fairly in a competitive market.
Fair value modelled at €345,515 from 5 comparable sales in the area. Asking €357,000 sits €11,485 (3.3%) above — overpriced versus fair value.
Asking €357,000 versus the rua Ascensao Guimaraes, 2 area baseline of €254,590 (€2,005/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 is above the parish average, lifting 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 €254,590, adjusted for condition and micro-location, gives a modelled fair value of €345,515 (€2,721/m²), a €11,485 (3.3%) gap versus the €357,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ascensao Guimaraes, 2 | Subject | €357,000 | €2,811 | — | 70 | 73 |
| Faro (Sé e São Pedro) · 0dd008 | Active | €295,000 | €2,837 | 0.9% | 72 | 58 |
| Faro (Sé e São Pedro) · 4d4243 | Active | €295,000 | €2,837 | 0.9% | 70 | 67 |
| Faro (Sé e São Pedro) · dbd479 | Active | €289,000 | €2,604 | 7.4% | 70 | 57 |
| rua Reitor Teixeira Guedes, 26 | Active | €370,000 | €2,721 | 3.2% | 68 | 56 |
| Median comp | €295,000 | €2,779 | 1.1% | 70 | 58 |
Short-term vacation rental The property is fairly priced at €357,000, with a fair value of €345,515 indicating a modest gap of 3.3%. The gross yield of 4.5% suggests a reasonable return for vacation rentals in this tourism-centric region, though competition may affect occupancy rates. Buy-and-hold With a fair value determination of €345,515 against its listing of €357,000, the property remains relatively stable at a valuation gap of 3.3%. This scenario, coupled with a gross yield of 4.5%, indicates that a buy-and-hold strategy could yield steady, but not exceptional, returns in a neighborhood that caters to both locals and some tourists. Family rental Valued fairly at €357,000 compared to its fair value of €345,515, the property shows a gap of only 3.3%, implying a stable market position. The area's housing conditions and tenant quality ratings of 73/100 reflect suitability for family rentals, although growth potential may be limited by local competition. Student housing The property is priced at €357,000, which aligns closely with its fair value of €345,515, implying a minor gap of 3.3%. However, the local market conditions and tenant quality ratings suggest that it is not an ideal option for student housing due to limited demand. Luxury market At a listing price of €357,000 and a fair value of €345,515, the property has a narrow gap of 3.3%. Given the neighborhood's ratings and economic context, it is not targeted towards the luxury market, indicating a mismatch with high-end investment strategies.
Economic Downturn Risk The economic stability score of 65/100 indicates a moderate risk of downturn, which could affect tenant demand and rental income sustainability.
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