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 189 m² on the 1st floor, energy rating C. Located on rua Almeida Garrett, 47B, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features a magnificent terrace that offers ample space for entertaining, enjoying the Algarve climate, and accessing the vibrant lifestyle of Faro's Baixa district.
The valuation. The asking price of €460,000 is significantly below the fair value of €566,919, representing an opportunity to acquire a property undervalued by €106,919, or 18.9%. This presents a strong investment prospect in a desirable location.
Fair value modelled at €566,919 from 6 comparable sales in the area. Asking €460,000 sits €106,919 (18.9%) below — the upside to fair value.
Asking €460,000 versus the rua Almeida Garrett, 47B area baseline of €534,990 (€2,831/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €534,990, adjusted for condition and micro-location, gives a modelled fair value of €566,919 (€3,000/m²), a €106,919 (18.9%) gap versus the €460,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Almeida Garrett, 47B | Subject | €460,000 | €2,434 | — | 70 | 66 |
| rua Jornal o Algarve, 64 | Active | €315,000 | €2,917 | 19.8% | 72 | 46 |
| rua João Brandeiro, 1 | Active | €390,000 | €3,451 | 41.8% | 68 | 60 |
| Faro (Sé e São Pedro) · 19f7e6 | Active | €295,000 | €2,588 | 6.3% | 58 | 62 |
| travessa da Mota | Active | €530,000 | €2,208 | 9.3% | 75 | 70 |
| Median comp | €352,500 | €2,753 | 13.1% | 70 | 61 |
Short-term vacation rental The property’s strategic coastal location is well-suited for short-term vacation rentals, capitalizing on seasonal tourism demand. With a fair value significantly higher than the listing price, this investment offers a compelling opportunity for generating income during peak periods. Family rental Given the apartment’s spacious 189m² layout, it is ideally positioned for family rentals, attracting long-term tenants seeking comfortable living space. The attractive pricing relative to fair value further enhances the investment’s appeal in a family-oriented neighborhood. Buy-and-hold The property presents a solid buy-and-hold strategy due to its location in a tourism-driven area, making it a durable asset in the long term. Although current yields stand at 4.1%, the gap to fair value suggests potential for appreciation over time as the local economy stabilizes. Not ideal for student housing Despite its size, the property’s features and location do not cater to the typical needs of student housing. The educational infrastructure in Faro may limit the ongoing demand from this demographic, making it less viable for this strategy. Not ideal for luxury market The apartment’s condition rating of 66/100 indicates it does not meet the expectations of the luxury market. Therefore, attempting to position this property within the luxury segment is unlikely to yield successful results.
Tenant turnover risk With a tenant stability score of 55/100, there is a significant risk of high tenant turnover that could lead to increased vacancy rates and potential loss of rental income.
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