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 100 m² on the 1st floor, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Natural Light: The apartment boasts an abundance of natural light, enhancing its inviting atmosphere, especially in the spacious living areas and bedrooms that feature modern design elements. Location Advantage: Situated in the vibrant heart of Faro, residents have immediate access to a variety of shops, restaurants, and essential services, making daily life convenient and enjoyable.
The valuation. The asking price of €425,000 is significantly above the fair value of €349,764, representing an overvaluation of €75,236 or 21.5%. This makes the property overpriced in the current market context.
Fair value modelled at €349,764 from 6 comparable sales in the area. Asking €425,000 sits €75,236 (21.5%) above — overpriced versus fair value.
Asking €425,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €324,290 (€3,243/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €324,290, adjusted for condition and micro-location, gives a modelled fair value of €349,764 (€3,498/m²), a €75,236 (21.5%) gap versus the €425,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · ee8863 | Subject | €425,000 | €4,250 | — | 73 | 60 |
| Faro (Sé e São Pedro) · 3a71ee | Active | €335,000 | €3,454 | 18.7% | 72 | 60 |
| Faro (Sé e São Pedro) · 25f545 | Active | €285,000 | €4,071 | 4.2% | 70 | 64 |
| Faro (Sé e São Pedro) · b7c221 | Active | €340,000 | €3,542 | 16.7% | 76 | 65 |
| Faro (Sé e São Pedro) · dc149b | Active | €340,000 | €3,542 | 16.7% | 65 | 62 |
| Median comp | €337,500 | €3,542 | 16.7% | 71 | 63 |
Short-term vacation rental This property in Faro, with a gross yield of 2.9%, is priced above fair value, making it a less attractive option for short-term vacation rental investment strategies. Given the 21.5% gap from the fair value of €349,764, the high listing price limits potential returns despite the area's tourism appeal. Long-term rental At a listing price of €425,000, this apartment is considered overpriced for long-term rental strategies, as the fair market value suggests a more favourable investment at €349,764. With a decent condition rating of 71/100, the property may attract tenants but falls short of justifying the elevated price point and lower 2.9% yield.
Tenant turnover risk: With a tenant stability score of 50/100, there is a significant risk of higher tenant turnover, which could lead to increased vacancy rates and associated financial costs.
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