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 91 m² on the 1st floor, energy rating D. Located on estrada da Senhora da Saude, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This property includes a dedicated storage room and a balcony that enhances both functionality and outdoor enjoyment within the vibrant heart of Faro.
The valuation. The asking price of €368,000 sits significantly above the fair value of €322,055, resulting in an overpriced property by €45,945 (14.3%). This discrepancy suggests a cautious approach for potential buyers.
Fair value modelled at €322,055 from 6 comparable sales in the area. Asking €368,000 sits €45,945 (14.3%) above — overpriced versus fair value.
Asking €368,000 versus the estrada da Senhora da Saude area baseline of €269,929 (€2,966/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €269,929, adjusted for condition and micro-location, gives a modelled fair value of €322,055 (€3,539/m²), a €45,945 (14.3%) gap versus the €368,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada da Senhora da Saude | Subject | €368,000 | €4,044 | — | 75 | 56 |
| Faro (Sé e São Pedro) · 8313a0 | Active | €339,500 | €3,536 | 12.5% | 75 | 73 |
| Faro (Sé e São Pedro) · b7c221 | Active | €340,000 | €3,542 | 12.4% | 76 | 65 |
| estrada Loulé | Active | €399,000 | €3,874 | 4.2% | 63 | 74 |
| Montenegro · 1f34bf | Active | €345,000 | €4,207 | 4.0% | 68 | 60 |
| Median comp | €342,500 | €3,708 | 8.3% | 72 | 69 |
Long-term rental The current listing price of €368,000 represents a 14.3% premium over its fair value, making it less attractive for long-term rental investments. With a gross yield of only 3.5%, the potential returns do not justify the higher purchase price in a rural location with a moderate neighborhood rating of 56/100. Buy-and-hold Despite the potential for long-term appreciation, the property’s listing at €368,000 is above its fair value, suggesting limited upside for buy-and-hold strategies. Additionally, the moderate condition rating of 79/100 combined with the neighborhood score does not provide a compelling case for holding this asset over the long term. Value-add renovation Considering the property is priced at €368,000, which exceeds its fair value by 14.3%, the investment case for a value-add renovation strategy is weak. The limited appeal of the neighborhood and its average condition indicates that renovation costs may not yield sufficient returns to compensate for the initial investment premium.
Economic and Tenant Instability With an economic stability score of 50 and a tenant stability score of 55, this property faces a significant risk of fluctuating income due to potential economic downturns and tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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