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 89 m² on the 2nd floor, built in 1991, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment benefits from a strategic location with easy street parking and direct access to the Faro bypass, enhancing convenience for commuting and city access.
The valuation. The asking price of €297,500 is set just below the fair value of €301,346, making it a fair opportunity for potential buyers. This results in a minor discrepancy of €3,846, equating to a 1.3% difference.
Fair value modelled at €301,346 from 6 comparable sales in the area. Asking €297,500 sits €3,846 (1.3%) below — the upside to fair value.
Asking €297,500 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €308,655 (€3,468/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 56/100 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 €308,655, adjusted for condition and micro-location, gives a modelled fair value of €301,346 (€3,386/m²), a €3,846 (1.3%) gap versus the €297,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 800356 | Subject | €297,500 | €3,343 | — | 58 | 64 |
| rua Filipe Ferrer, 23 | Active | €389,000 | €3,353 | 0.3% | 68 | 61 |
| rua Abreu Marques | Active | €300,000 | €3,261 | 2.4% | 65 | 65 |
| praceta Azedo Gneco | Active | €335,000 | €3,418 | 2.3% | 65 | 62 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 13.1% | 60 | 70 |
| Median comp | €320,000 | €3,307 | 1.1% | 65 | 64 |
Short-term vacation rental This property in Faro, while presenting a gross yield of 4.6%, is positioned at a fair value that closely aligns with its listing price, indicating potential stability for short-term vacation rental income. The Algarve coast attracts tourists, but the seasonal economic variations may affect occupancy rates, warranting cautious optimism about profitability. Long-term rental With a fair value of €301,346 against a listing price of €297,500, this property offers reasonable prospects for long-term rental with a decent gross yield of 4.6%. The neighborhood scoring 64/100 suggests a reasonably appealing environment for tenants, although the property’s condition of 56/100 indicates some need for improvements. Buy-and-hold As a buy-and-hold investment, the property is fairly priced at €297,500, which is slightly below its fair value, allowing for potential appreciation over time. However, the mixed neighborhood ratings and the need for condition upgrades suggest a careful evaluation before locking in this investment for the long term.
Tenant turnover risk High tenant turnover may be expected due to a tenant stability score of 60/100, indicating that 40% of tenants may not remain long-term.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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