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, 2-bathroom apartment of 100 m², energy rating D. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features a large living room balcony perfect for enjoying the breathtaking sea views, enhancing the overall living experience in a prestigious area of Faro.
The valuation. The asking price of €480,000 is significantly above the fair value of €417,746, reflecting an excess of €62,254 (14.9%). The property is therefore deemed overpriced.
Fair value modelled at €417,746 from 6 comparable sales in the area. Asking €480,000 sits €62,254 (14.9%) above — overpriced versus fair value.
Asking €480,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €406,465 (€4,065/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 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 €406,465, adjusted for condition and micro-location, gives a modelled fair value of €417,746 (€4,177/m²), a €62,254 (14.9%) gap versus the €480,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 37504a | Subject | €480,000 | €4,800 | — | 65 | 63 |
| Faro (Sé e São Pedro) · 956cc7 | Active | €390,000 | €4,815 | 0.3% | 67 | 59 |
| avenida Calouste Gulbenkian | Active | €399,000 | €10,500 | 118.8% | 55 | 73 |
| Montenegro · 6a913e | Active | €449,000 | €3,508 | 26.9% | 75 | 65 |
| estrada Loulé | Active | €399,000 | €3,874 | 19.3% | 63 | 74 |
| Median comp | €399,000 | €4,345 | 9.5% | 65 | 69 |
Short-term vacation rental Given its proximity to the coastal areas of the Algarve, this property presents an opportunity for short-term vacation rentals; however, it is currently overpriced by 14.9% relative to its fair value. With a gross yield of only 2.7%, the investment potential in a competitive vacation rental market is limited. Buy-and-hold As a buy-and-hold investment, this property does not offer compelling potential, being priced at €480,000 compared to a fair value of €417,746, indicating it is overpriced by 14.9%. The low yield of 2.7% and the condition rating of 64/100 suggest that the long-term appreciation may not justify this investment. Family rental In the family rental market, while the safe neighborhood and low crime rates are attractive, the current listing price of €480,000 is 14.9% above its fair value, rendering it overpriced. The property’s gross yield of 2.7% does not support significant cash flow for family tenants, making it a less appealing option for this strategy.
Tenant turnover risk There is a risk of higher tenant turnover due to a tenant stability score of 65/100, which may lead to increased vacancy rates and associated costs.
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