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, 4-bathroom apartment of 174 m² on the 1st floor, built in 1983, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment includes a private terrace that enhances the living space with outdoor enjoyment, offering a unique urban oasis amidst the city center bustle.
The valuation. The asking price of €389,000 is significantly below the fair value of €532,800, representing a discount of €143,800 or 27.0%. This property is clearly underpriced compared to its market value.
Fair value modelled at €532,800 from 6 comparable sales in the area. Asking €389,000 sits €143,800 (27.0%) below — the upside to fair value.
Asking €389,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €496,581 (€2,854/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €496,581, adjusted for condition and micro-location, gives a modelled fair value of €532,800 (€3,062/m²), a €143,800 (27.0%) gap versus the €389,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 3a7125 | Subject | €389,000 | €2,236 | — | 68 | 66 |
| Faro (Sé e São Pedro) · ba3da2 | Active | €370,000 | €2,342 | 4.7% | 78 | 50 |
| Faro (Sé e São Pedro) · 5da0e8 | Active | €365,000 | €3,042 | 36.1% | — | 63 |
| rua João Brandeiro, 1 | Active | €390,000 | €3,451 | 54.4% | 68 | 60 |
| praceta Azedo Gneco | Active | €329,000 | €3,104 | 38.8% | 75 | 62 |
| Median comp | €367,500 | €3,073 | 37.5% | 75 | 61 |
Long-term rental The 3-bed apartment in Faro offers a promising opportunity for long-term rental, with a gross yield of 4.4% that aligns with desirable rental returns. Given its fair value of €532,800 against the listing price of €389,000, the asset represents a viable investment in a tourism-driven economy. Short-term vacation rental With Faro's proximity to tourist attractions, this property is well-suited for short-term vacation rental, capitalizing on seasonal demand in the area. At €389,000, the listing price is significantly lower than the fair value, suggesting strong potential for profitability in short-term leasing. Buy-and-hold The property presents a solid buy-and-hold investment opportunity, positioned in a neighborhood with moderate crime and decent amenities. Its current listing is €143,800 below fair value, indicating potential for appreciation over time while generating rental income in a robust tourist market.
Economic Uncertainty The economic stability score of 55 out of 100 indicates potential vulnerability to market fluctuations that could impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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