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, 3-bathroom apartment of 120 m², built in 2012, energy rating B. Located Santa Bárbara de Nexe parish, Faro municipality, Faro district. Noteworthy Features: The private roof terrace offers stunning countryside and coastal views, while the exceptionally large garage includes a shower room and WC for added convenience.
The valuation. The asking price of €479,950 sits €105,118 (18.0%) below the fair value of €585,068, indicating the property is underpriced. This presents a strong opportunity for investment considering its market position.
Fair value modelled at €585,068 from 6 comparable sales in the area. Asking €479,950 sits €105,118 (18.0%) below — the upside to fair value.
Asking €479,950 versus the Santa Bárbara de Nexe, Faro, Faro area baseline of €518,756 (€4,323/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 is below the parish average, reducing 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 €518,756, adjusted for condition and micro-location, gives a modelled fair value of €585,068 (€4,876/m²), a €105,118 (18.0%) gap versus the €479,950 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Bárbara de Nexe · 653054 | Subject | €479,950 | €4,000 | — | 75 | 70 |
| estrada de Loulé, 216A | Active | €1,290,000 | €4,418 | 10.5% | 82 | 67 |
| Santa Bárbara de Nexe · 8ee30e | Active | €840,000 | €5,793 | 44.8% | 78 | 63 |
| estrada municipal 520 | Active | €890,000 | €3,836 | 4.1% | 75 | 54 |
| Santa Bárbara de Nexe · b329b3 | Active | €1,600,000 | €5,333 | 33.3% | 78 | 62 |
| Median comp | €1,090,000 | €4,876 | 21.9% | 78 | 63 |
Short-term vacation rental The property is positioned well within the Algarve, a region known for its tourism appeal, making it suitable for short-term vacation rentals despite a lack of gross yield. With a fair value significantly higher than the listing price, this opportunity allows for potential gains in vacation rental income during peak seasons. Buy-and-hold Considering the current listing is 18% below fair value, this property is a strong candidate for long-term appreciation, especially given the positive economic dynamics of the Algarve. With the rental market trending upward, investors can expect value growth and potential returns, assuming the condition of the apartment remains well maintained. Family rental This 2-bed apartment offers an adequate size and decent neighborhood scoring, making it suitable for family rentals despite the lack of yield. The advantageous pricing, compared to its fair market value, combined with the apartment's condition, supports the potential for stable income from long-term tenants seeking residency in a desirable location. Not ideal for student housing The property’s characteristics do not align with the needs of student housing, particularly due to the local tourist nature and seasonal employment impacts. Consequently, investing in this property for student housing is not advisable. Not ideal for luxury market Given the condition and pricing of the property, it does not fit the requirements associated with luxury market investments. Its value proposition does not appeal to the luxury sector, discouraging any attempts to position it within that market. Not ideal for industrial investment This property is residentially focused and situated in a tourist area, making it unfit for industrial investment endeavors. The economic and demographic context does not support an industrial investment strategy here.
Economic and Tenant Volatility The economic stability and tenant stability scores of 65/100 suggest potential volatility in rental income, which may affect long-term investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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