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 house of 101 m². Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The property boasts a raised wooden pool surrounded by a lawned garden and fruit trees, offering a perfect setting for outdoor entertainment and relaxation in the Algarve sun.
The valuation. The asking price of €595,000 significantly exceeds the fair value of €417,174 by €177,826, representing a 42.6% overvaluation. This property cannot be considered a deal given its inflated pricing relative to its market value.
Fair value modelled at €417,174 from 5 comparable sales in the area. Asking €595,000 sits €177,826 (42.6%) above — overpriced versus fair value.
Asking €595,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €326,526 (€3,233/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €326,526, adjusted for condition and micro-location, gives a modelled fair value of €417,174 (€4,130/m²), a €177,826 (42.6%) gap versus the €595,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 439305 | Subject | €595,000 | €5,891 | — | 70 | 63 |
| Faro (Sé e São Pedro) · 6fbb6b | Active | €595,000 | €7,933 | 34.7% | 76 | 64 |
| Conceição e Estoi · ba58f5 | Active | €655,000 | €3,541 | 39.9% | 70 | 60 |
| Faro (Sé e São Pedro) · 001a66 | Active | €350,000 | €4,861 | 17.5% | 70 | 63 |
| Conceição e Estoi · 467e2f | Active | €950,000 | €4,130 | 29.9% | 76 | 55 |
| Median comp | €625,000 | €4,496 | 23.7% | 73 | 62 |
Short-term vacation rental This property, priced at €595,000, is 42.6% above its fair value of €417,174, making it a less appealing option for short-term vacation rentals despite the Algarve's popularity with tourists. Additionally, with a gross yield of only 3.3%, the investment does not provide sufficient returns to justify the high purchase price. Long-term rental At a listing price of €595,000, this property is significantly overpriced relative to its fair value of €417,174, which could limit its attractiveness for long-term rental opportunities. Furthermore, the current gross yield of 3.3% is not compelling enough to support such a high investment in this market. Buy-and-hold Given its fair value of €417,174, the property’s listing price of €595,000 indicates it is simply overpriced, making it a less strategic buy-and-hold investment. The low yield of 3.3% coupled with the 75/100 condition rating suggests limited potential for appreciation, undermining the rationale for a long-term hold strategy.
Economic Instability Risk With an economic stability score of 55/100, there is a heightened risk of market fluctuations that could negatively affect rental income and property value.
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