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 100 m², built in 2005, energy rating B. Located on rua Arthur Águedo Miranda, 2A, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. The apartment boasts a garage for secure parking and is strategically located just steps from the University of Algarve and Faro District Hospital, enhancing its appeal for students and professionals.
The valuation. The asking price of €350,000 is only slightly above the fair value of €343,320, representing a 1.9% premium. This property is fairly priced in the current market. Buy-to-flip angle. With a gross yield of 3.4%, the buy-to-flip strategy could capitalize on the area's tourist appeal, enabling resale at a competitive price during peak seasons. Buy-to-let angle. The estimated rental income of €992 per month suggests a reliable buy-to-let strategy, particularly as short-term vacation rentals thrive in this desirable Algarve location.
Fair value modelled at €343,320 from 6 comparable sales in the area. Asking €350,000 sits €6,680 (1.9%) above — overpriced versus fair value.
Asking €350,000 versus the rua Arthur Águedo Miranda, 2A area baseline of €317,150 (€3,172/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €317,150, adjusted for condition and micro-location, gives a modelled fair value of €343,320 (€3,433/m²), a €6,680 (1.9%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Arthur Águedo Miranda, 2A | Subject | €350,000 | €3,500 | — | 68 | 50 |
| Faro (Sé e São Pedro) · a80330 | Active | €345,000 | €4,012 | 14.6% | 72 | 74 |
| Faro (Sé e São Pedro) · 8317fd | Active | €345,000 | €4,012 | 14.6% | 72 | 72 |
| rua Miguel Bombarda, 3-5 | Active | €299,000 | €3,602 | 2.9% | 62 | 64 |
| Faro (Sé e São Pedro) · f35ef9 | Active | €225,000 | €2,813 | 19.6% | 60 | 73 |
| Median comp | €322,000 | €3,807 | 8.8% | 67 | 73 |
Short-term vacation rental Given the location's popularity for tourism in the Algarve region, this property offers a competitive yield of 3.4% gross, aligning well with seasonal rental demand. The fair valuation of €350,000 suggests that while attractive for short-term rentals, the property is priced appropriately and does not present a substantial investment opportunity relative to its fair market value. Buy-and-hold With a fair value marginally below the listing price, this property can serve as a stable buy-and-hold investment, particularly in a neighborhood impacted positively by local amenities and tourism. However, with a 1.9% gap to fair value, the potential for significant appreciation is limited given the current asking price. Family rental This apartment's condition score of 69/100 indicates an acceptable level of livability for families, but the neighborhood score of 50/100 raises concerns about long-term appeal. While the property is fairly priced at €350,000, the average yields and neighborhood dynamics suggest it may not be the optimal choice for family rentals in the area.
Economic downturn risk With an economic stability score of 45/100 and a tenant stability score of 50/100, there is a significant risk that economic fluctuations could lead to increased vacancies and rental payment issues, impacting overall 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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