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 71 m², built in 1987, energy rating D. Located Conceição e Estoi parish, Faro municipality, Faro district. Noteworthy Features: The property boasts a generous private outdoor area equipped with a barbecue, ideal for gatherings and enjoying leisure time in a tranquil setting. Additional Information: Its contemporary design enhances the cozy atmosphere, making it a perfect retreat. Verdict: FAIR
The valuation. The asking price of €269,000 is €17,542 (7.0%) above the fair value of €251,458, indicating this 2-bed apartment is priced at a level consistent with its fair market value. Buy-to-flip angle. A resale strategy could capitalize on the apartment's modern finishes and location, targeting quick renovations to elevate value before selling. Buy-to-let angle. The property can be considered for a long-term rental strategy, leveraging its attractive proximity to tourist regions in the Algarve to attract consistent tenant interest despite a current gross yield of 0%.
Fair value modelled at €251,458 from 5 comparable sales in the area. Asking €269,000 sits €17,542 (7.0%) above — overpriced versus fair value.
Asking €269,000 versus the Conceição e Estoi, Faro, Faro area baseline of €231,332 (€3,258/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €231,332, adjusted for condition and micro-location, gives a modelled fair value of €251,458 (€3,542/m²), a €17,542 (7.0%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Conceição e Estoi · f5eb07 | Subject | €269,000 | €3,789 | — | 75 | 63 |
| Faro (Sé e São Pedro) · b7c1fb | Active | €295,000 | €3,172 | 16.3% | 68 | 65 |
| Faro (Sé e São Pedro) · b7c221 | Active | €340,000 | €3,542 | 6.5% | 76 | 65 |
| Faro (Sé e São Pedro) · 9384ec | Active | €290,000 | €3,372 | 11.0% | 70 | 58 |
| Faro (Sé e São Pedro) · dc149b | Active | €340,000 | €3,542 | 6.5% | 65 | 62 |
| Median comp | €317,500 | €3,457 | 8.8% | 69 | 64 |
Long-term rental This property is priced at €269,000, which reflects a 7.0% gap from its fair value of €251,458, indicating it is at fair market pricing. With a gross yield of 0%, it may not deliver immediate cash flow benefits but could serve as a stable rental option in a rural area influenced by Algarve tourism. Short-term vacation rental At €269,000, this 2-bed apartment aligns closely with its fair value of €251,458, resulting in a fair pricing situation. The property’s proximity to tourist regions could enhance its appeal for short-term lettings, despite the current lack of yield. Buy-and-hold The apartment is listed at €269,000, just a 7.0% divergence from its fair value of €251,458, presenting a fair investment scenario. While the absence of a gross yield currently might deter some investors, the property's value could appreciate over time given its location near tourism hotspots.
Economic Vulnerability The property faces heightened risk due to a low economic stability score of 55/100, which could lead to decreased demand and increased vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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