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 apartment of 117 m² on the 3rd floor, built in 1993, energy rating F. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This top-floor apartment features two balconies that enhance both natural light and urban views, while a well-organized entrance hall maximizes space efficiency throughout.
The valuation. The asking price of €320,000 sits slightly above the fair value of €316,756, marking a 1.0% premium. This property is valued fairly, indicating that its price reflects its worth in the current market. Buy-to-flip angle. The buy-to-flip strategy focuses on limited cosmetic upgrades given the current condition score of 67/100, aiming to enhance appeal before resale. A quick renovation could yield an attractive margin for flipping in this mixed-demand neighborhood. Buy-to-let angle. The estimated monthly rent of €1,253 brings a gross yield of 4.7%, making this an enticing buy-to-let option. With the largely rural setting, consistent tenants may be attracted, especially those seeking tranquility near Algarve.
Fair value modelled at €316,756 from 6 comparable sales in the area. Asking €320,000 sits €3,244 (1.0%) above — overpriced versus fair value.
Asking €320,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €300,902 (€2,572/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €300,902, adjusted for condition and micro-location, gives a modelled fair value of €316,756 (€2,707/m²), a €3,244 (1.0%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 1441d3 | Subject | €320,000 | €2,735 | — | 70 | 52 |
| Faro (Sé e São Pedro) · f14d6c | Active | €265,000 | €2,524 | 7.7% | — | 66 |
| rua Ascensao Guimaraes, 2 | Active | €357,000 | €2,811 | 2.8% | 70 | 73 |
| Faro (Sé e São Pedro) · 0dd008 | Active | €295,000 | €2,837 | 3.7% | 72 | 58 |
| Faro (Sé e São Pedro) · 4d4243 | Active | €295,000 | €2,837 | 3.7% | 70 | 67 |
| Median comp | €295,000 | €2,824 | 3.3% | 70 | 67 |
Long-term rental The property offers a competitive gross yield of 4.7%, indicating potential for steady income in a long-term rental context. Despite being located inland, the low crime and mixed amenities in the area suggest it could attract tenants looking for stability over a longer rental period. Value-add renovation The apartment shows a condition score of 67/100, highlighting opportunities for value-add renovations to enhance its appeal and potential rental income. With a fair value only 1.0% below the asking price, improvements could justify a future price increase while maintaining a competitive position in the market.
Tenant Turnover Risk The combined scores of 50/100 for both economic and tenant stability indicate a higher likelihood of tenant turnover, which can negatively impact cash flow and increase vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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