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 86 m² on the 1st floor, built in 2000, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Feature: The apartment includes a marquee balcony utilized as a laundry area, adding practical functionality to the outdoor space for urban living in Faro.
The valuation. The asking price of €345,000 sits €21,955 (6.8%) above the fair value of €323,045, indicating that the property is fairly priced for the market. This suggests that the investment could yield positive returns without significant price correction risk.
Fair value modelled at €323,045 from 6 comparable sales in the area. Asking €345,000 sits €21,955 (6.8%) above — overpriced versus fair value.
Asking €345,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €289,730 (€3,369/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €289,730, adjusted for condition and micro-location, gives a modelled fair value of €323,045 (€3,756/m²), a €21,955 (6.8%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 8317fd | Subject | €345,000 | €4,012 | — | 72 | 72 |
| Montenegro · 1f34bf | Active | €345,000 | €4,207 | 4.9% | 68 | 60 |
| rua Ataide de Oliveira | Active | €408,000 | €3,264 | 18.6% | 75 | 62 |
| Montenegro · 5da2f5 | Active | €305,000 | €3,910 | 2.5% | 73 | 60 |
| rua Miguel Bombarda, 3-5 | Active | €299,000 | €3,602 | 10.2% | 62 | 64 |
| Median comp | €325,000 | €3,756 | 6.4% | 71 | 61 |
Long-term rental This 1-bed apartment in Faro is currently listed at €345,000, which reflects a fair valuation compared to the estimated fair value of €323,045, indicating a gap of 6.8%. With a gross yield of 2.8%, this property may not provide strong gains in a long-term rental strategy, but its proximity to the tourism sector enhances its attractiveness. Short-term vacation rental Positioned close to Algarve's tourism hotspots, this property is well-suited for short-term vacation rentals despite its fair pricing at €345,000 against a fair value of €323,045. The 2.8% gross yield may not be high, but the steady influx of tourists could support consistent occupancy rates. Family rental The apartment's condition score of 73/100 and a neighborhood rating of 72/100 suggest that it provides a reasonably comfortable living environment for families. Listed at €345,000, the fair pricing against a fair value of €323,045 indicates that while it is not a bargain, it could still appeal to families looking for rental options near the vibrant Algarve region.
Economic Sensitivity Risk The economic stability score of 65/100 indicates that this property may face challenges during economic downturns, potentially impacting rental income and investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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