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.
2-bedroom, 1-bathroom apartment of 77 m², built in 1993, energy rating B. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features high-quality finishes including polished wooden flooring and built-in wardrobes, enhancing both aesthetics and functionality for optimal space utilization.
The valuation. The asking price of €250,000 sits €19,802 (8.6%) above the fair value of €230,198. This property is assessed as being priced fairly in today's market.
Fair value modelled at €230,198 from 6 comparable sales in the area. Asking €250,000 sits €19,802 (8.6%) above — overpriced versus fair value.
Asking €250,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €198,050 (€2,572/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €198,050, adjusted for condition and micro-location, gives a modelled fair value of €230,198 (€2,990/m²), a €19,802 (8.6%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 65303a | Subject | €250,000 | €3,247 | — | 72 | 68 |
| Faro (Sé e São Pedro) · f35ef9 | Active | €225,000 | €2,813 | 13.4% | 60 | 73 |
| urbanização Hortas das Figuras | Active | €499,500 | €2,730 | 15.9% | 75 | 68 |
| travessa da Mota | Active | €530,000 | €2,208 | 32.0% | 75 | 70 |
| Faro (Sé e São Pedro) · 9117f0 | Active | €285,000 | €3,167 | 2.5% | 72 | 71 |
| Median comp | €392,250 | €2,772 | 14.6% | 74 | 71 |
Short-term vacation rental Given its location in the Algarve, a prime tourist destination, this property could serve well as a short-term vacation rental with a gross yield of 4.4%. However, potential investors should be aware that the property’s current listing price of €250,000 reflects a fair value of €230,198, indicating a small gap of 8.6%. Buy-and-hold This property provides a steady gross yield of 4.4%, making it a viable option for a buy-and-hold investment strategy in a desirable locale. While the price is fair compared to market expectations, its value may not appreciate significantly in a market viewed as fairly priced overall. Family rental The property may appeal for family rentals given its size and good condition, boasting a quality rating of 77/100, although the neighborhood rating of 68/100 suggests moderate appeal. Investors should note the fair market value, highlighting the absence of a pricing advantage for long-term family renters in the current environment.
Economic and Tenant Instability The property is at risk due to its moderate economic stability score of 65/100 and a slightly lower tenant stability score of 63/100, suggesting potential fluctuations in occupancy and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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