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, 1-bathroom house of 80 m², built in 1953, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This property features a cozy outdoor terrace perfect for enjoying sunset views, while the integrated fireplace in the living area enhances its appeal during cooler evenings.
The valuation. The asking price of €450,000 sits €59,677 (11.7%) under the fair value of €509,677, indicating a solid opportunity for potential appreciation in a competitive market. This creates a favorable position for prospective buyers.
Fair value modelled at €509,677 from 6 comparable sales in the area. Asking €450,000 sits €59,677 (11.7%) below — the upside to fair value.
Asking €450,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €470,002 (€5,875/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 €470,002, adjusted for condition and micro-location, gives a modelled fair value of €509,677 (€6,371/m²), a €59,677 (11.7%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 3df528 | Subject | €450,000 | €5,625 | — | 75 | 52 |
| Faro (Sé e São Pedro) · f5ea0c | Active | €395,000 | €6,371 | 13.3% | 70 | 67 |
| rua das Olarias | Active | €395,000 | €6,371 | 13.3% | 80 | 70 |
| rua do Compromisso | Active | €355,000 | €6,455 | 14.7% | 87 | 70 |
| Faro (Sé e São Pedro) · 49b840 | Active | €698,000 | €6,648 | 18.2% | 75 | 69 |
| Median comp | €395,000 | €6,413 | 14.0% | 78 | 70 |
Short-term vacation rental The property’s pricing is appealing in the context of the Algarve’s vibrant tourism market, with a fair value 11.7% higher than the listing price. Its decent condition and yield of 3.1% offer potential for a profitable short-term rental strategy, despite the neighbourhood's average rating. Buy-and-hold With the current listing price of €450,000 sitting 11.7% below its fair value, this investment offers a compelling opportunity for long-term appreciation in a semi-rural Algarve area. The balance of a 3.1% gross yield and increasing property values in the region supports a sound buy-and-hold strategy. Long-term rental Despite its 3.1% gross yield, the property is priced below its fair value, presenting an opportunity for steady cash flow in a location with potential for growth. The average condition and neighbourhood rating signal a stable investment for long-term rental prospects but may require marketing adjustments to attract tenants due to local dynamics.
Economic and Tenant Risk The property has low economic stability (45/100) and tenant stability (48/100), indicating a higher likelihood of vacancy and financial fluctuations.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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