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 165 m². Located Conceição e Estoi parish, Faro municipality, Faro district. Noteworthy Features: The expansive 2040 m² plot provides ample space for potential landscaping or additional construction, while its proximity to the scenic village of Estoi enhances its appeal for renovation investors.
The valuation. The asking price of €390,000 sits slightly above the fair value of €388,569, with a discrepancy of just €1,431, indicating the property is fair priced. This positioning reflects the local market dynamics and property condition.
Fair value modelled at €388,569 from 6 comparable sales in the area. Asking €390,000 sits €1,431 (0.4%) above — overpriced versus fair value.
Asking €390,000 versus the Conceição e Estoi, Faro, Faro area baseline of €468,660 (€2,840/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 20/100 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 €468,660, adjusted for condition and micro-location, gives a modelled fair value of €388,569 (€2,355/m²), a €1,431 (0.4%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Conceição e Estoi · 622671 | Subject | €390,000 | €2,364 | — | 15 | 59 |
| Conceição e Estoi · 28b7e6 | Active | €210,000 | €1,694 | 28.3% | — | 70 |
| largo do Forno Velho, 10 | Active | €498,000 | €1,346 | 43.1% | — | 54 |
| Conceição e Estoi · 735699 | Active | €320,000 | €2,560 | 8.3% | 25 | 62 |
| Conceição e Estoi · 6eba68 | Active | €270,000 | €2,308 | 2.4% | 40 | 62 |
| Median comp | €295,000 | €2,001 | 15.3% | 33 | 62 |
Long-term rental Given the property's yield of 6.1%, it offers a reasonable return for long-term rental investors. However, the overall condition of 20/100 and the non-central location may hinder its appeal to tenants seeking quality housing. Short-term vacation rental The proximity to tourism may suggest potential for short-term vacation rentals, yet the fair market value of €390,000 limits the expected return relative to investment. Combined with the poor condition rating, this property may struggle to attract desirable guests. Buy-and-hold Holding this property could lead to steady cash flow, but the minor gap versus fair value highlights it as a realistic investment rather than a profitable opportunity. Investors should consider the long-term viability of its location and its current condition when aligning with their portfolio strategy.
Economic Vulnerability: With an economic stability score of 50/100, the area may experience fluctuations that could negatively impact rental income and property values.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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