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 98 m² on the 2nd floor, energy rating C. Located on praça da Amendoeira, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This property features two balconies providing outdoor space and ample natural light, enhancing its appeal in a tranquil residential setting close to essential amenities.
The valuation. The asking price of €297,500 is slightly above the fair value of €293,504, representing a premium of €3,996 or 1.4%. This assessment indicates that the property is fairly valued in the current market context.
Fair value modelled at €293,504 from 6 comparable sales in the area. Asking €297,500 sits €3,996 (1.4%) above — overpriced versus fair value.
Asking €297,500 versus the praça da Amendoeira area baseline of €291,363 (€2,973/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €291,363, adjusted for condition and micro-location, gives a modelled fair value of €293,504 (€2,995/m²), a €3,996 (1.4%) gap versus the €297,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da Amendoeira | Subject | €297,500 | €3,036 | — | 65 | 63 |
| Faro (Sé e São Pedro) · f35f92 | Active | €225,000 | €2,813 | 7.4% | 55 | 70 |
| Faro (Sé e São Pedro) · 3a7278 | Active | €230,000 | €3,108 | 2.4% | 60 | 47 |
| rua Engenheiro José Campos Coroa | Active | €290,000 | €3,085 | 1.6% | 55 | 72 |
| Faro (Sé e São Pedro) · 86cc04 | Active | €280,000 | €3,836 | 26.3% | 62 | 57 |
| Median comp | €255,000 | €3,097 | 2.0% | 58 | 64 |
Short-term vacation rental The property's fair value at €293,504 suggests a slight margin over listing price, making it less attractive for short-term vacation rental purposes. With a gross yield of 4.2% and a condition rating of 61/100, potential investors may find that the returns do not justify the current listing. Buy-and-hold As the property is priced at €297,500, only marginally above its fair value, it could be considered stable for long-term buy-and-hold strategies in the Algarve market. However, moderate condition and neighborhood ratings indicate that future appreciation may be limited. Family rental Listing at €297,500 is just above its calculated fair value, which presents challenges for family rental strategies in an area characterized by seasonal population shifts. The property’s current condition and neighborhood ratings suggest it may not attract families looking for long-term stability in housing quality and services.
Economic Vulnerability The property has a low economic stability score of 50/100, indicating a higher risk of fluctuations in the local market that could affect 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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