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 94 m² on the 6th floor, built in 1988, energy rating C. Located on rua Engenheiro José Campos Coroa, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment features a private balcony in the suite, enhancing outdoor space and offering views, while the low €24/month condominium fee ensures cost-effective living.
The valuation. The asking price of €290,000 is above the fair value of €268,711 by €21,289 (7.9%). This property can be considered priced at a fair level based on its valuation metrics.
Fair value modelled at €268,711 from 6 comparable sales in the area. Asking €290,000 sits €21,289 (7.9%) above — overpriced versus fair value.
Asking €290,000 versus the rua Engenheiro José Campos Coroa area baseline of €281,034 (€2,990/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 54/100 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 €281,034, adjusted for condition and micro-location, gives a modelled fair value of €268,711 (€2,859/m²), a €21,289 (7.9%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Engenheiro José Campos Coroa | Subject | €290,000 | €3,085 | — | 55 | 72 |
| Faro (Sé e São Pedro) · f35f92 | Active | €225,000 | €2,813 | 8.8% | 55 | 70 |
| Faro (Sé e São Pedro) · 19f7e6 | Active | €295,000 | €2,588 | 16.1% | 58 | 62 |
| Faro (Sé e São Pedro) · 937435 | Active | €266,000 | €3,500 | 13.4% | 45 | 60 |
| Faro (Sé e São Pedro) · 6229e8 | Active | €299,000 | €3,082 | 0.1% | 65 | 73 |
| Median comp | €280,500 | €2,948 | 4.5% | 57 | 66 |
Short-term vacation rental The property in Faro reflects a competitive environment for short-term vacation rentals, operating at a fair value of €290,000 with a gross yield of 4.1%. Given the region's strong tourism demand, the expected rental income does not sufficiently compensate for the current pricing relative to fair value. Long-term rental With a gross yield of 4.1%, this property represents a reasonable option for long-term rental, albeit its fair price of €290,000 suggests only moderate returns. The overall condition and neighborhood score indicate potential tenant appeal but may limit rental growth given the fair valuation. Buy-and-hold As a buy-and-hold investment, this apartment offers a fair valuation at €290,000, yet does not promise substantial capital appreciation potential. The market dynamics in Faro indicate stability but caution is advised, as the yield achieved may not justify the current purchase price over the long term.
Economic Fluctuation Risk With an economic stability score of 65/100, there is a significant risk that fluctuations in the local economy could impact tenant demand and rental income.
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