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 48 m² on the 3rd floor, energy rating A+. Located on praceta Henrique Bernardo Ramos, 3, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment features high-quality finishes with a well-integrated kitchen and living space, contributing to a modern and sophisticated aesthetic.
The valuation. The property is listed at €345,000, significantly above its fair value of €224,027, indicating it is overpriced by €120,973 (54.0%). This discrepancy suggests limited immediate investment potential. Buy-to-flip angle. A buy-to-flip strategy may yield challenges, as the significant margin above fair value could restrict profit potential upon resale. A more prudent approach may be needed to adjust the price expectations. Buy-to-let angle. With a gross yield of 3.2% and an estimated rental income of €920 per month, the property offers moderate long-term rental potential, although the area’s mixed neighborhood rating may influence tenant demand.
Fair value modelled at €224,027 from 6 comparable sales in the area. Asking €345,000 sits €120,973 (54.0%) above — overpriced versus fair value.
Asking €345,000 versus the praceta Henrique Bernardo Ramos, 3 area baseline of €194,651 (€4,055/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €194,651, adjusted for condition and micro-location, gives a modelled fair value of €224,027 (€4,667/m²), a €120,973 (54.0%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Henrique Bernardo Ramos, 3 | Subject | €345,000 | €7,188 | — | 80 | 53 |
| rua Doutor May Viana, 9 | Active | €590,000 | €12,292 | 71.0% | 74 | 60 |
| rua Serpa Pinto, 78 | Active | €610,000 | €11,731 | 63.2% | 75 | 68 |
| rua do Alportel, 325 | Active | €417,000 | €5,024 | 30.1% | 84 | 65 |
| Faro (Sé e São Pedro) · dee504 | Active | €500,000 | €4,310 | 40.0% | 82 | 71 |
| Median comp | €545,000 | €8,378 | 16.6% | 79 | 67 |
Short-term vacation rental The property is priced at €345,000, representing a 54% premium over the fair value of €224,027, indicating it is overpriced for a short-term vacation rental strategy. With a low gross yield of 3.2% and a neighborhood score of 53/100, potential returns are unlikely to meet investor expectations. Long-term rental Listed at €345,000, this apartment's valuation exceeds the fair value by 54%, making it overpriced for long-term rental investments. The mediocre yield of 3.2% coupled with a neighborhood assessment of 53/100 suggests inefficiencies in tenant demand and rental income potential. Buy-and-hold The €345,000 listing price presents a 54% markup over the fair value of €224,027, rendering the investment overpriced for a buy-and-hold strategy. Given the yield of just 3.2% and the neighborhood condition rated at 53/100, long-term appreciation may not justify the current price point.
Economic Vulnerability The low economic stability score of 40/100 indicates a higher risk of economic downturns that could affect property demand and value.
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