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, 2-bathroom apartment of 107 m² on the 6th floor, built in 1992, energy rating D. Located on rua Engenheiro Adelino Amaro da Costa, 7, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy features: This apartment's position on the 6th floor provides not only unobstructed views of the estuary and sea but also generous sunlight exposure throughout the day.
The valuation. The property is listed at €338,000, which is slightly above its fair value of €308,281, representing a €29,719 premium or 9.6%. This asking price sits at a reasonable level considering its location and market conditions.
Fair value modelled at €308,281 from 6 comparable sales in the area. Asking €338,000 sits €29,719 (9.6%) above — overpriced versus fair value.
Asking €338,000 versus the rua Engenheiro Adelino Amaro da Costa, 7 area baseline of €308,729 (€2,885/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 is below the parish average, reducing 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 €308,729, adjusted for condition and micro-location, gives a modelled fair value of €308,281 (€2,881/m²), a €29,719 (9.6%) gap versus the €338,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Engenheiro Adelino Amaro da Costa, 7 | Subject | €338,000 | €3,159 | — | 65 | 71 |
| Faro (Sé e São Pedro) · 6229e8 | Active | €299,000 | €3,082 | 2.4% | 65 | 73 |
| avenida Doctor Gordinho Moreira, 6 | Active | €367,000 | €2,719 | 13.9% | 70 | 62 |
| rua Reitor Teixeira Guedes, 26 | Active | €370,000 | €2,721 | 13.9% | 68 | 56 |
| rua Engenheiro José Campos Coroa | Active | €290,000 | €3,085 | 2.3% | 55 | 72 |
| Median comp | €333,000 | €2,902 | 8.1% | 67 | 67 |
Short-term vacation rental This 3-bed apartment in Faro could perform adequately in the short-term vacation rental market, given its strategic location in the tourist-friendly Algarve region. However, the slight pricing gap of 9.6% against the fair value indicates that while return potential exist, the property is priced fairly compared to its market. Buy-and-hold With a gross yield of 4.5%, this property presents a reasonable long-term investment opportunity in a neighborhood rated 71/100. The fair valuation suggests holding this property could result in stable rental incomes without the expectation of significant appreciation concerns. Family rental While the apartment's size makes it suitable for families, its overall condition rating of 60/100 may deter some potential long-term tenants. Though the property is fairly priced, considerations for necessary improvements should be factored into the overall investment strategy, as the family rental market can be competitive. Not ideal for The property is not a suitable investment for student housing, given that the local economic dynamics primarily cater to tourism. Additionally, it lacks the luxury specifications that would be needed for positioning in the luxury market, while industrial investments are not relevant in this residential context.
Economic and Tenant Stability Risk The property has economic and tenant stability scores of 65/100, indicating above average vulnerability to economic fluctuations and potential turnover issues.
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