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. This apartment features a sunroom balcony utilized as a laundry area, adding functional outdoor space that enhances the property's appeal in a central location.
The valuation. The asking price of €345,000 is €11,854 (3.6%) above the fair value of €333,146. This positions the property as fairly valued in the current market, providing a reasonable investment opportunity.
Fair value modelled at €333,146 from 5 comparable sales in the area. Asking €345,000 sits €11,854 (3.6%) above — overpriced versus fair value.
Asking €345,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €306,462 (€3,564/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €306,462, adjusted for condition and micro-location, gives a modelled fair value of €333,146 (€3,874/m²), a €11,854 (3.6%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · a80330 | Subject | €345,000 | €4,012 | — | 72 | 74 |
| Montenegro · 1f34bf | Active | €345,000 | €4,207 | 4.9% | 68 | 60 |
| rua Miguel Bombarda, 3-5 | Active | €299,000 | €3,602 | 10.2% | 62 | 64 |
| Montenegro · 5da2f5 | Active | €305,000 | €3,910 | 2.5% | 73 | 60 |
| rua Ataide de Oliveira | Active | €408,000 | €3,264 | 18.6% | 75 | 62 |
| Median comp | €325,000 | €3,756 | 6.4% | 71 | 61 |
Short-term vacation rental The property offers a fair value aligning closely with its listing price, suggesting a balanced investment opportunity. However, the gross yield of 2.8% may not be competitive for short-term rental purposes in a tourism-rich area like Algarve. Buy-and-hold While the apartment is located in a desirable neighborhood close to coastal amenities, its fair pricing indicates limited room for immediate capital appreciation. Investors should consider the consistent demand in the Algarve region, but the yield is modest compared to the market. Value-add renovation The apartment's current condition of 71/100 leaves room for improvement, but the fair valuation suggests that extensive renovations may not yield a proportionate increase in property value. Targeting specific upgrades could enhance livability and attract higher-quality tenants, yet returns might be constrained given the fair market positioning. Not ideal for student housing With a decent neighborhood score of 74/100, the local amenities are aligned with vacation rental needs rather than student requirements. The property’s moderate yield and the overarching tourism focus of the area further indicate that it would not be suitable for student accommodations.
Economic Vulnerability With an economic stability score of 65/100, there is a notable risk of fluctuating market conditions affecting rental income and property value.**
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