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, 2-bathroom apartment of 95 m² on the 3rd floor, energy rating C. Located on avenida 5 de Outubro, 31, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Located on Avenida 5 de Outubro, this apartment offers a large south-facing balcony perfect for outdoor entertaining, along with a closed balcony suitable for a home office or gym.
The valuation. The asking price of €450,000 is very close to the fair value of €450,858, making this property a fair investment. Thus, it represents a nominal premium of only €858 (0.2%). Buy-to-flip angle. With high-quality finishes and an attractive location, a resale strategy could target short-term vacation rentals, capitalizing on the Algarve's tourist appeal. Quick renovations could yield significant appreciation before listing. Buy-to-let angle. The estimated rental income of €1,050/month provides a gross yield of 2.8%, making it a viable option for long-term family rentals. The property's location near coast ensures steady demand throughout the year.
Fair value modelled at €450,858 from 6 comparable sales in the area. Asking €450,000 sits €858 (0.2%) below — the upside to fair value.
Asking €450,000 versus the avenida 5 de Outubro, 31 area baseline of €397,060 (€4,180/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €397,060, adjusted for condition and micro-location, gives a modelled fair value of €450,858 (€4,746/m²), a €858 (0.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida 5 de Outubro, 31 | Subject | €450,000 | €4,737 | — | 78 | 62 |
| rua Ataide de Oliveira | Active | €408,000 | €4,976 | 5.0% | 73 | 62 |
| avenida 5 de Outubro S / N | Active | €280,000 | €4,516 | 4.7% | 80 | 53 |
| avenida 5 de Outubro | Active | €280,000 | €5,600 | 18.2% | 75 | 73 |
| avenida Calouste Gulbenkian | Active | €237,500 | €4,481 | 5.4% | 72 | 58 |
| Median comp | €280,000 | €4,746 | 0.2% | 74 | 60 |
Short-term vacation rental The property meets the fair market value, indicating that it may not offer significant pricing advantages for short-term vacation rentals. However, its location in the Algarve tourist region could still attract seasonal tourists, helping to maintain steady occupancy rates. Family rental With a fair fair value positioning and a reasonable gross yield of 2.8%, this property is suited for family rentals where stable long-term tenants are expected. The apartment's quality score of 81/100 suggests that it may appeal to families looking for well-maintained accommodations, despite the moderate neighborhood score of 62/100.
Economic and Tenant Instability Given the economic stability score of 60/100 and the tenant stability score of 60/100, the property may experience fluctuations in rental income and tenant turnover, which could negatively impact overall profitability and cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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