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 75 m², energy rating D. Located on estrada de São Luís S / N, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy features: This apartment includes a separate equipped kitchen and a built-in wardrobe in one bedroom, catering to both functionality and storage needs in a central location.
The valuation. The asking price of €315,000 is significantly above the fair value of €259,171, representing an overvaluation of €55,829, or 21.5%. This places the property in a challenging position for potential buyers. Buy-to-flip angle. The strategy for resale would involve updating finishes in the kitchen and bathroom to enhance appeal, targeting a sale price that exceeds current listing, factoring in the average condition and mixed neighborhood dynamics. Buy-to-let angle. With an estimated gross yield of 3.6%, generating about €945/month from long-term rentals would provide a steady income, although the location's mixed rating could affect tenant demand.
Fair value modelled at €259,171 from 6 comparable sales in the area. Asking €315,000 sits €55,829 (21.5%) above — overpriced versus fair value.
Asking €315,000 versus the estrada de São Luís S / N area baseline of €257,599 (€3,435/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €257,599, adjusted for condition and micro-location, gives a modelled fair value of €259,171 (€3,456/m²), a €55,829 (21.5%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada de São Luís S / N | Subject | €315,000 | €4,200 | — | 60 | 57 |
| Faro (Sé e São Pedro) · dc1443 | Active | €310,000 | €3,370 | 19.8% | — | 65 |
| Faro (Sé e São Pedro) · dc149b | Active | €340,000 | €3,542 | 15.7% | 65 | 62 |
| Faro (Sé e São Pedro) · 4d4500 | Active | €287,500 | €4,228 | 0.7% | 68 | 62 |
| Faro (Sé e São Pedro) · b7c1fb | Active | €295,000 | €3,172 | 24.5% | 68 | 65 |
| Median comp | €302,500 | €3,456 | 17.7% | 68 | 64 |
Short-term vacation rental The property is overpriced at €315,000, which represents a 21.5% gap from its fair value of €259,171. With a yield of only 3.6% gross and a condition score of 62/100, potential returns from short-term rentals may not justify the high entry price. Long-term rental Given the overpriced listing at €315,000 compared to the fair value of €259,171, the attractiveness for long-term rentals is diminished despite adequate demand from local tenants. The yield of 3.6% gross is not compelling enough in a neighbourhood rated only 57/100 to warrant investment at this price point.
Economic Vulnerability The property faces economic risks due to a low economic stability score of 50/100, which may impact tenant retention and rental income.
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