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 C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This ground-floor apartment offers easy access, with an elevator and proximity to key amenities like the University of Algarve and Faro hospital, enhancing convenience for residents.
The valuation. The asking price of €315,000 exceeds the fair value of €252,717 by €62,283, representing a 24.6% overvaluation. This price suggests the property is overpriced based on current market conditions.
Fair value modelled at €252,717 from 5 comparable sales in the area. Asking €315,000 sits €62,283 (24.6%) above — overpriced versus fair value.
Asking €315,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €262,479 (€3,500/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 54/100 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 €262,479, adjusted for condition and micro-location, gives a modelled fair value of €252,717 (€3,370/m²), a €62,283 (24.6%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · a80ac0 | Subject | €315,000 | €4,200 | — | 58 | 71 |
| rua Capitão Jose Vieira Branco, 23 | Active | €270,000 | €4,091 | 2.6% | 58 | 70 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 30.8% | 60 | 70 |
| Faro (Sé e São Pedro) · dc1443 | Active | €310,000 | €3,370 | 19.8% | — | 65 |
| Faro (Sé e São Pedro) · 4d4097 | Active | €300,000 | €3,226 | 23.2% | 50 | 66 |
| Median comp | €302,500 | €3,298 | 21.5% | 58 | 68 |
Short-term vacation rental The property is not ideal for short-term vacation rental investments, given that it is currently overpriced by 24.6% compared to its fair value of €252,717. With a yield of only 3.7% gross and a condition rating of 54/100, the potential returns do not justify the high listing price. Long-term rental Investing in this property for long-term rental is not advisable, as it is priced significantly higher than its fair value. The poor condition score of 54/100 further indicates potential maintenance issues, diminishing the attractiveness of this investment strategy. Buy-and-hold A buy-and-hold strategy would be ill-suited for this apartment, given its 24.6% price gap above fair value and a gross yield of only 3.7%. The relatively lower condition score and high price create uncertainty for future appreciation and overall investment viability.
Economic and Tenant Stability Risk The property may face challenges due to both the economic stability score of 65 and the tenant stability score of 65, indicating potential fluctuations in income and occupancy.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
