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.
3-bedroom, 1-bathroom apartment of 70 m² on the 5th floor, built in 1982, energy rating B. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment features a rare 5th-floor location with no elevator, enhancing its appeal for those valuing unobstructed views and increased privacy in a central Faro setting.
The valuation. The asking price of €225,000 is €21,563 (10.6%) above the fair value estimate of €203,438, indicating that the property is overpriced. This discrepancy suggests potential challenges in achieving quick returns on investment.
Fair value modelled at €203,438 from 6 comparable sales in the area. Asking €225,000 sits €21,563 (10.6%) above — overpriced versus fair value.
Asking €225,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €169,033 (€2,415/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 €169,033, adjusted for condition and micro-location, gives a modelled fair value of €203,438 (€2,906/m²), a €21,563 (10.6%) gap versus the €225,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 162688 | Subject | €225,000 | €3,214 | — | 72 | 55 |
| Faro (Sé e São Pedro) · 65303a | Active | €250,000 | €3,247 | 1.0% | 72 | 68 |
| Faro (Sé e São Pedro) · f35ef9 | Active | €225,000 | €2,813 | 12.5% | 60 | 73 |
| rua José Saramago | Active | €420,000 | €3,000 | 6.7% | 75 | 63 |
| urbanização Hortas das Figuras | Active | €499,500 | €2,730 | 15.1% | 75 | 68 |
| Median comp | €335,000 | €2,907 | 9.6% | 74 | 68 |
Short-term vacation rental The property is overpriced by 10.6%, which reduces the potential for a profitable short-term vacation rental investment. Limited economic opportunities in the area may hinder consistent demand from tourists, impacting overall yield. Buy-and-hold Given the 4.5% gross yield and the pricing being 10.6% above fair value, the buy-and-hold strategy may not deliver the expected returns over time. A less favorable neighborhood score of 55/100 raises concerns about long-term appreciation potential and tenant quality. Family rental The apartment's current price exceeds its fair value by 10.6%, making it a less attractive option for family rentals. Additionally, the rural aspects of the surrounding area imply limited resources for families, which could affect tenant interest and stability.
Economic-tenant instability risk The property faces a heightened risk due to both economic and tenant stability scores being at 55/100, indicating potential fluctuations in rental income and difficulty in retaining tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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