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.
4-bedroom, 2-bathroom apartment of 108 m² on the 2nd floor, built in 1967. Located on rua Jornal o Algarve, 64, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment is located just a one-minute walk from the Penha campus of the Universidade do Algarve, enhancing its appeal for students and faculty alike. Potential: Strong rental prospects due to proximity to the university.**
The valuation. The asking price of €315,000 sits €21,288 (7.2%) above the fair value of €293,712. Thus, the property is considered to be priced at a fair value. Buy-to-flip angle. The strategy would involve capitalizing on the property’s updated kitchen and living areas for a profitable resale, seeking buyers looking for well-finished spaces in the Algarve region. Buy-to-let angle. With a gross yield of 5.4% and estimated monthly rental income of €1,418, this property presents a solid buy-and-hold opportunity in a location benefiting from tourism.
Fair value modelled at €293,712 from 6 comparable sales in the area. Asking €315,000 sits €21,288 (7.2%) above — overpriced versus fair value.
Asking €315,000 versus the rua Jornal o Algarve, 64 area baseline of €278,599 (€2,580/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €278,599, adjusted for condition and micro-location, gives a modelled fair value of €293,712 (€2,720/m²), a €21,288 (7.2%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Jornal o Algarve, 64 | Subject | €315,000 | €2,917 | — | 72 | 46 |
| travessa da Mota | Active | €530,000 | €2,208 | 24.3% | 75 | 70 |
| avenida 5 de Outubro, 40 | Active | €530,000 | €2,637 | 9.6% | 55 | 65 |
| avenida Doctor Gordinho Moreira, 6 | Active | €367,000 | €2,719 | 6.8% | 70 | 62 |
| urbanização Alto Rodes Alto Rodes | Active | €357,000 | €2,811 | 3.6% | 75 | 63 |
| Median comp | €448,500 | €2,678 | 8.2% | 73 | 64 |
Short-term vacation rental The property is situated in a location impacted by tourism, which provides the potential for solid short-term rental income despite the neighborhood rating of 46/100. However, with a fair value gap of 7.2%, the valuation aligns closely with its current market listing, making it a stable but not exceptional investment in this category. Buy-and-hold As a buy-and-hold investment, the property offers a gross yield of 5.4%, which is reasonable given the fair valuation status. The moderate condition rating of 67/100 may require some attention over time, though the relatively close pricing to its fair value suggests limited immediate upside potential for long-term appreciation.
Economic Vulnerability With an economic stability score of 40/100, the property may face significant challenges during economic downturns, increasing the risk of tenant turnover and vacancy.
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