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 house of 90 m², built in 2002, energy rating D. Located Conceição e Estoi parish, Faro municipality, Faro district. Noteworthy Features: The property benefits from a spacious backyard equipped with a barbecue area and a versatile laundry space, ideal for gatherings and outdoor leisure activities.
The valuation. The asking price of €345,000 is significantly below the fair value of €484,879, presenting an opportunity with a discount of €139,879 (28.8%). This property is notably subpriced. Buy-to-flip angle. With the potential for renovations enhancing its appeal, the buy-to-flip strategy could yield substantial profits upon resale, capitalizing on the Algarve's booming tourism market. Buy-to-let angle. The estimated rental income of €862/month reflects a modest gross yield of 3%, making the property suitable for long-term rental strategies to attract consistent tenant interest from the area's tourism-driven economy.
Fair value modelled at €484,879 from 6 comparable sales in the area. Asking €345,000 sits €139,879 (28.8%) below — the upside to fair value.
Asking €345,000 versus the Conceição e Estoi, Faro, Faro area baseline of €421,710 (€4,686/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €421,710, adjusted for condition and micro-location, gives a modelled fair value of €484,879 (€5,388/m²), a €139,879 (28.8%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Conceição e Estoi · 15e414 | Subject | €345,000 | €3,833 | — | 68 | 50 |
| Faro (Sé e São Pedro) · 001a66 | Active | €350,000 | €4,861 | 26.8% | 70 | 63 |
| Conceição e Estoi · 1f351d | Active | €799,000 | €6,658 | 73.7% | 78 | 67 |
| Conceição e Estoi · 96c188 | Active | €799,000 | €6,658 | 73.7% | 78 | 53 |
| Conceição e Estoi · ba58f5 | Active | €655,000 | €3,541 | 7.6% | 70 | 60 |
| Median comp | €727,000 | €5,760 | 50.2% | 74 | 62 |
Long-term rental The property’s fair value of €484,879 represents a significant 28.8% gap from the listing price of €345,000, suggesting strong potential for long-term rental income. With a yield of 3%, while modest, it still aligns favorably with the fair valuation in a region characterized by tourism-driven demand. Short-term vacation rental Given the prime location in the Algarve region near tourist hotspots, this property stands to benefit from increased demand for short-term vacation rentals. The significant gap in price relative to its fair value indicates room for profit through short-term rental strategies, despite the 3% gross yield being on the lower end for this sector.
Economic and Tenant Instability Risk With both economic stability and tenant stability scores at 50/100, this property faces potential difficulty in maintaining consistent rental income and attracting reliable tenants, increasing the risk of vacant periods and financial loss.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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