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, 1-bathroom apartment of 74 m² on the 2nd floor, built in 1965, energy rating D. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment benefits from dual private balconies that enhance outdoor space and views, along with a large pantry that adds practical storage to the kitchen.
The valuation. The asking price of €230,000 sits just €1,800 (0.8%) above the fair value of €228,200, indicating that this property is fairly priced. Thus, it attracts interest without being an outright bargain or overly expensive.
Fair value modelled at €228,200 from 6 comparable sales in the area. Asking €230,000 sits €1,800 (0.8%) above — overpriced versus fair value.
Asking €230,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €238,026 (€3,217/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €238,026, adjusted for condition and micro-location, gives a modelled fair value of €228,200 (€3,084/m²), a €1,800 (0.8%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 3a7278 | Subject | €230,000 | €3,108 | — | 60 | 47 |
| Faro (Sé e São Pedro) · f35f92 | Active | €225,000 | €2,813 | 9.5% | 55 | 70 |
| rua Engenheiro José Campos Coroa | Active | €290,000 | €3,085 | 0.7% | 55 | 72 |
| Faro (Sé e São Pedro) · 6229e8 | Active | €299,000 | €3,082 | 0.8% | 65 | 73 |
| Faro (Sé e São Pedro) · 4d4097 | Active | €300,000 | €3,226 | 3.8% | 50 | 66 |
| Median comp | €294,500 | €3,084 | 0.8% | 55 | 71 |
Long-term rental The 2-bed apartment in Faro offers a gross yield of 4.9%, which is relatively attractive given the fair market valuation at €230,000. However, the property's condition scores 55/100, indicating that some investment may be needed to optimize rental income. Value-add renovation Given that the fair value of the apartment is slightly less than the listing price, a value-add renovation strategy could be employed to enhance the unit's appeal and potential returns. While the location is not a prime tourist destination, targeted improvements could attract a steady stream of long-term tenants seeking quality living within the rural Algarve region.
Economic and Tenant Instability With an economic stability score of 35/100 and a tenant stability score of 55/100, there is a significant risk of fluctuating demand and potential vacancy issues impacting rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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