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 120 m² on the 2nd floor, built in 2009, energy rating B. Located on rua Doctor Olímpio Passos Valente, 13, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment includes two balconies that enhance outdoor living space and a prime location near essential amenities like a hospital and university, making it a strategic investment opportunity.
The valuation. The asking price of €468,000 sits €68,645 (17.2%) above the fair value of €399,355, indicating that this property is overpriced for the current market conditions.
Fair value modelled at €399,355 from 5 comparable sales in the area. Asking €468,000 sits €68,645 (17.2%) above — overpriced versus fair value.
Asking €468,000 versus the rua Doctor Olímpio Passos Valente, 13 area baseline of €333,822 (€2,782/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €333,822, adjusted for condition and micro-location, gives a modelled fair value of €399,355 (€3,328/m²), a €68,645 (17.2%) gap versus the €468,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doctor Olímpio Passos Valente, 13 | Subject | €468,000 | €3,900 | — | 75 | 68 |
| rua Corina Freire, 11 | Active | €619,000 | €3,328 | 14.7% | 78 | 63 |
| urbanização Hortas das Figuras | Active | €499,500 | €2,730 | 30.0% | 75 | 68 |
| Faro (Sé e São Pedro) · 0014f6 | Active | €549,000 | €3,760 | 3.6% | 81 | 61 |
| Faro (Sé e São Pedro) · 14410e | Active | €775,000 | €6,458 | 65.6% | 78 | 62 |
| Median comp | €584,000 | €3,544 | 9.1% | 78 | 63 |
Long-term rental The current listing price of €468,000 reflects an overpriced situation compared to the fair value of €399,355, resulting in a significant gap of 17.2%. The gross yield of 3.7% coupled with a moderate neighborhood rating of 68/100 indicates that investing in this property as a long-term rental may not deliver the expected return on investment given its cost. Short-term vacation rental With the property price substantially above its fair value, short-term vacation rental potential appears limited, despite the tourism influence of the Algarve coast. The lower neighborhood rating and the existing condition score of 78/100 suggest that this investment may struggle to generate desirable occupancy rates and rental income in a competitive market.
Tenant Default Risk The tenant stability score of 70/100 suggests a moderate risk of tenant default, potentially impacting cash flow stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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