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 palace of 97 m². Located on rua Furriel, 43, Conceição e Estoi parish, Faro municipality, Faro district. This property offers a unique opportunity to renovate a historical home with stunning panoramic views of the Estoi Palace gardens, Algarve mountains, and distant sea, enhancing its significant potential.
The valuation. The asking price of €350,000 sits €111,204 above the fair value of €238,796, indicating that the property is overpriced by 46.6%. This significantly deviates from a more reasonable market expectation.
Fair value modelled at €238,796 from 6 comparable sales in the area. Asking €350,000 sits €111,204 (46.6%) above — overpriced versus fair value.
Asking €350,000 versus the rua Furriel, 43 area baseline of €261,045 (€2,691/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 33/100 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 €261,045, adjusted for condition and micro-location, gives a modelled fair value of €238,796 (€2,462/m²), a €111,204 (46.6%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Furriel, 43 | Subject | €350,000 | €3,608 | — | 28 | 56 |
| Conceição e Estoi · 4a802a | Active | €690,000 | €3,450 | 4.4% | — | 68 |
| Conceição e Estoi · 735699 | Active | €320,000 | €2,560 | 29.1% | 25 | 62 |
| Conceição e Estoi · 6eba68 | Active | €270,000 | €2,308 | 36.0% | 40 | 62 |
| Conceição e Estoi · f46c73 | Active | €350,000 | €1,186 | 67.1% | — | 73 |
| Median comp | €335,000 | €2,434 | 32.5% | 33 | 65 |
Short-term vacation rental The property's asking price of €350,000 represents a substantial 46.6% gap compared to its fair value, making it overpriced for the short-term vacation rental market. With a gross yield of 4.5% and its condition rating of 33/100, it may struggle to attract tourists seeking quality accommodations. Buy-and-hold At €350,000, this property is clearly overpriced relative to its fair value of €238,796, presenting significant risks for buy-and-hold investors looking for stable returns. The low gross yield of 4.5% combined with a neighborhood rating of 56/100 suggests potential issues in long-term appreciation and rental demand. Family rental With a listing price of €350,000, the property is overpriced compared to its fair value of €238,796, posing challenges for those considering it as a family rental. The lower condition rating of 33/100 may deter families looking for a comfortable living environment, impacting rental viability in the area.
Economic Vulnerability The property faces an economic stability score of 45/100, indicating potential fluctuations in the local market that could affect rental income reliability and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
