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 120 m², energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment boasts panoramic views of Ria Formosa and Farol Island, enhancing its appeal as a tranquil urban retreat.
The valuation. The asking price of €365,000 is slightly below the fair value of €367,091, indicating a difference of only €2,091 or 0.6%. This property is fairly priced and represents a realistic investment opportunity.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 5da0e8 | Subject | €365,000 | €3,042 | — | — | 63 |
| Faro (Sé e São Pedro) · 6229e8 | Active | €299,000 | €3,082 | 1.3% | 65 | 73 |
| Faro (Sé e São Pedro) · 19f7e6 | Active | €295,000 | €2,588 | 14.9% | 58 | 62 |
| rua João Brandeiro, 1 | Active | €390,000 | €3,451 | 13.5% | 68 | 60 |
| rua Engenheiro José Campos Coroa | Active | €290,000 | €3,085 | 1.4% | 55 | 72 |
| Median comp | €297,000 | €3,084 | 1.4% | 62 | 67 |
Long-term rental The property presents a fair investment opportunity for long-term rental with a gross yield of 4.8%, aligning closely with the fair value of €367,091. Its neighborhood score of 63/100 indicates decent tenant quality, suggesting stable demand for residential rentals. Short-term vacation rental Although the property is fairly priced with a minimal gap to fair value, its gross yield of 4.8% may limit attractiveness for short-term vacation rentals. The neighborhood's amenities and proximity to Faro and Algarve are appealing, yet the property’s condition score of 0/100 raises concerns about immediate profitability for vacation purposes. Retirement community Investing in this property for a retirement community setting reflects a fair assessment given its balanced valuation at €365,000. The neighborhood score of 63/100 coupled with the fair yield suggests the potential for attracting retirees, provided property condition is addressed to enhance appeal for this demographic.
Tenant turnover risk With both economic and tenant stability scores at 60/100, there is a heightened risk of tenant turnover and rental income instability due to potential fluctuations in demand and tenant satisfaction.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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