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, 2-bathroom apartment of 160 m², built in 2013, energy rating B. Located Santa Bárbara de Nexe parish, Faro municipality, Faro district. Noteworthy Features: This apartment offers stunning panoramic views of the Atlantic Ocean and is located within walking distance of local amenities in the charming village of Santa Bárbara de Nexe.
The valuation. The asking price of €470,000 is notably below the fair value of €547,038, presenting an opportunity with a difference of €77,038 (14.1%). Verdict: underpriced. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the market's favorable conditions, aiming for a quick resale at a higher price post-renovation. The current valuation provides a solid base for profit potential. Buy-to-let angle. For rental income, a long-term strategy could yield steady cash flow in a tourist-centric area where demand for quality rentals remains high despite the current gross yield being 0%.
Fair value modelled at €547,038 from 6 comparable sales in the area. Asking €470,000 sits €77,038 (14.1%) below — the upside to fair value.
Asking €470,000 versus the Santa Bárbara de Nexe, Faro, Faro area baseline of €441,547 (€2,760/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 €441,547, adjusted for condition and micro-location, gives a modelled fair value of €547,038 (€3,419/m²), a €77,038 (14.1%) gap versus the €470,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Bárbara de Nexe · 19074b | Subject | €470,000 | €2,938 | — | 76 | 75 |
| Santa Bárbara de Nexe · 653054 | Active | €479,950 | €4,000 | 36.2% | 75 | 70 |
| caminho do Barranco | Active | €995,000 | €2,734 | 6.9% | 70 | 66 |
| Santa Bárbara de Nexe · bf2840 | Active | €825,000 | €2,778 | 5.4% | 75 | 63 |
| Santa Bárbara de Nexe · 438f3f | Active | €895,000 | €3,352 | 14.1% | 75 | 62 |
| Median comp | €860,000 | €3,065 | 4.3% | 75 | 65 |
Short-term vacation rental The property in Santa Bárbara de Nexe presents a promising opportunity for short-term vacation rentals, given its subvalorizada status and proximity to tourist hotspots in the Algarve region. With a current fair value of €547,038, this listing at €470,000 signifies a potential upside for investors looking to tap into seasonal demand. Long-term rental Investing in this 3-bed apartment for long-term rental purposes offers a strategic advantage due to its appealing location and fair value assessment. Although currently yielding 0% gross, the property's condition rating of 81/100 suggests a tenant-friendly environment, likely to attract quality tenants in a tourist-driven economy. Buy-and-hold Adopting a buy-and-hold strategy for this apartment could prove beneficial, particularly with its fair value exceeding the listing price by 14.1%. As the Algarve market continues to attract tourism and seasonal employment, this property stands to appreciate over time, making it a solid investment in a desirable area. Not ideal for: This property is not suitable for student housing or the luxury market, which may limit potential segments of buyers and tenants.
Potential Economic Volatility The economic stability score of 70/100 suggests there may be unforeseen fluctuations that could impact rental income stability in the future.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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