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 97 m² on the 1st floor, built in 2001, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features a sunroom that enhances natural light and a spacious common area, ideal for relaxing or social gatherings in a contemporary setting.
The valuation. The asking price of €335,000 is approximately 3.7% below the fair value of €347,951, indicating that it sits in line with the market. This valuation suggests that the property is priced reasonably within its current market context.
Fair value modelled at €347,951 from 4 comparable sales in the area. Asking €335,000 sits €12,951 (3.7%) below — the upside to fair value.
Asking €335,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €302,453 (€3,118/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 €302,453, adjusted for condition and micro-location, gives a modelled fair value of €347,951 (€3,587/m²), a €12,951 (3.7%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 3a71ee | Subject | €335,000 | €3,454 | — | 72 | 60 |
| Montenegro · 5da2f5 | Active | €305,000 | €3,910 | 13.2% | 73 | 60 |
| Faro (Sé e São Pedro) · 9117f0 | Active | €285,000 | €3,167 | 8.3% | 72 | 71 |
| rua Ataide de Oliveira | Active | €408,000 | €3,264 | 5.5% | 75 | 62 |
| rua Doutor Arnaldo Cardoso Vilhena, 31 | Active | €299,000 | €4,041 | 17.0% | 82 | 58 |
| Median comp | €302,000 | €3,587 | 3.9% | 74 | 61 |
Long-term rental The 2-bed apartment in Faro has a gross yield of 3.8%, which is reasonable given the seasonal demand driven by tourism. However, with a fair value of €347,951, the current listing price of €335,000 reflects a narrow gap of 3.7%, indicating that it is priced fairly but leaves little room for substantial long-term rental returns. Short-term vacation rental As a property situated in a prime tourist location in Algarve, this 2-bed apartment is poised for seasonal vacation rental opportunities. Despite its fair price of €335,000 compared to the fair value of €347,951, the yielding potential could be limited due to its relatively low yield of 3.8%. Buy-and-hold Investing in this 2-bed apartment for a buy-and-hold strategy seems suitable as it maintains a fair market price in relation to its fair value. However, the yield of 3.8% suggests that while it may hold value, it might not deliver exceptional returns over an extended period in a competitive rental market. Not ideal for With its current condition rated at 76/100 and a neighborhood score of 60/100, this property is not positioned well for the luxury market or value-add renovations that require higher investment. Additionally, its characteristics do not support student housing effectively, limiting potential tenant quality and demand in that segment.
Tenant turnover risk With a tenant stability score of only 50/100, there is a significant risk of high tenant turnover affecting consistent rental income and overall 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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