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.
1-bedroom, 1-bathroom apartment of 51 m² on the 6th floor, built in 1989, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. The property includes a pleasant balcony accessible from the living room and kitchen, offering outdoor space for relaxation in a quiet square with a children's playground.
The valuation. The asking price of €259,000 is notably above fair value of €233,088, resulting in an overvaluation of €25,912 (11.1%). Potential buyers should be cautious about paying a premium for this property.
Fair value modelled at €233,088 from 6 comparable sales in the area. Asking €259,000 sits €25,912 (11.1%) above — overpriced versus fair value.
Asking €259,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €235,803 (€4,624/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €235,803, adjusted for condition and micro-location, gives a modelled fair value of €233,088 (€4,570/m²), a €25,912 (11.1%) gap versus the €259,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 3a7477 | Subject | €259,000 | €5,078 | — | 62 | 56 |
| Faro (Sé e São Pedro) · 28bac4 | Active | €290,000 | €5,577 | 9.8% | 70 | 60 |
| Faro (Sé e São Pedro) · 6d54b2 | Active | €285,000 | €5,588 | 10.0% | 60 | 61 |
| rua Manuel Ascensao | Active | €219,000 | €4,660 | 8.2% | 49 | 67 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 42.8% | 60 | 70 |
| Median comp | €287,500 | €5,119 | 0.8% | 60 | 64 |
Short-term vacation rental The 1-bed apartment in Faro is overpriced at €259,000, with a fair value estimated at €233,088, indicating an 11.1% gap. Given the gross yield of 3.5% and the region's tourist appeal, potential returns may not justify the current listing price. Buy-and-hold Investing in this property for a long-term hold appears unwise as it is priced above fair value, reducing potential appreciation opportunities. The average condition and low neighborhood score suggest limited future value growth in this setting.
Economic Vulnerability The property has a low economic stability score of 50/100, indicating a potential risk of economic downturn affecting tenant retention and rental income. Tenant Instability With a tenant stability score of 55/100, there's a heightened risk of turnover, which can lead to increased property management costs and potential vacancies.
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
