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 54 m², built in 2000, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment boasts a cozy fireplace in the living room and a versatile sunroom balcony that serves as a laundry area, maximizing functional space.
The valuation. The asking price of €345,000 is significantly above the fair value of €284,918, representing an overpriced condition of €60,082 (21.1%). This discrepancy suggests that the property is not a financially prudent investment at the current listing price.
Fair value modelled at €284,918 from 6 comparable sales in the area. Asking €345,000 sits €60,082 (21.1%) above — overpriced versus fair value.
Asking €345,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €258,951 (€4,795/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €258,951, adjusted for condition and micro-location, gives a modelled fair value of €284,918 (€5,276/m²), a €60,082 (21.1%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · cc9950 | Subject | €345,000 | €6,389 | — | 74 | 67 |
| avenida 5 de Outubro | Active | €280,000 | €5,600 | 12.3% | 75 | 73 |
| Faro (Sé e São Pedro) · efdd5d | Active | €400,000 | €6,154 | 3.7% | 73 | 60 |
| avenida 5 de Outubro S / N | Active | €280,000 | €4,516 | 29.3% | 80 | 53 |
| rua Ataide de Oliveira | Active | €408,000 | €4,976 | 22.1% | 73 | 62 |
| Median comp | €340,000 | €5,288 | 17.2% | 74 | 61 |
Short-term vacation rental Given the proximity to Faro's amenities, the 3.7% gross yield does not justify the €345,000 listing price, which is significantly above the fair value of €284,918. With a gap of 21.1%, this property is not well-positioned for short-term vacation rentals in a competitive market. Buy-and-hold Investing in this 1-bed apartment at €345,000 appears unwise, as its fair value of €284,918 suggests the property is overpriced by 21.1%. The yield of 3.7% gross, combined with its moderate condition rating of 76/100, does not present a compelling long-term investment case. Family rental At a listing price of €345,000, the property is overpriced compared to the fair value of €284,918, indicating a 21.1% gap that undermines its viability as a family rental. Although the neighbourhood score of 67/100 may attract some families, the gross yield of 3.7% fails to meet the expected returns for family rental investments.
Rental Income Volatility There is a risk of fluctuating rental income due to both the economic and tenant stability scores being at 65/100, indicating a moderately unstable market environment.
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