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, 1-bathroom apartment of 115 m² on the 2nd floor, built in 1961, energy rating E. Located on rua Alferes Arnaldo Luzia da Silva, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment includes a shared common terrace for outdoor access and offers a potential private space, enhancing the overall living experience in a central location.
The valuation. The asking price of €315,000 is slightly below the fair value of €326,202, placing it at a mere 3.4% under fair value. This indicates that the property is adequately priced relative to market metrics.
Fair value modelled at €326,202 from 5 comparable sales in the area. Asking €315,000 sits €11,202 (3.4%) below — the upside to fair value.
Asking €315,000 versus the rua Alferes Arnaldo Luzia da Silva area baseline of €289,655 (€2,519/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 €289,655, adjusted for condition and micro-location, gives a modelled fair value of €326,202 (€2,837/m²), a €11,202 (3.4%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Alferes Arnaldo Luzia da Silva | Subject | €315,000 | €2,739 | — | 68 | 59 |
| Faro (Sé e São Pedro) · dbd479 | Active | €289,000 | €2,604 | 4.9% | 70 | 57 |
| rua Ascensao Guimaraes, 2 | Active | €357,000 | €2,811 | 2.6% | 70 | 73 |
| rua João Brandeiro, 1 | Active | €390,000 | €3,451 | 26.0% | 68 | 60 |
| Faro (Sé e São Pedro) · 0dd008 | Active | €295,000 | €2,837 | 3.6% | 72 | 58 |
| Median comp | €326,000 | €2,824 | 3.1% | 70 | 59 |
Short-term vacation rental The property presents an appealing opportunity for short-term vacation rental due to its location in the touristic Algarve coast, although the fair value suggests there's little room for immediate gain. The 4.6% gross yield signifies a stable return, aligning well with current market expectations, but it may not enhance attractiveness for continued investment. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield consistent income, given the steady demand for housing in Faro, yet the marginal gap from fair value indicates limited immediate appreciation potential. The property is well positioned within a medium-sized town, but the average neighbourhood rating of 59/100 suggests potential for improved long-term growth rather than quick returns. Value-add renovation While the apartment's condition rating of 71/100 allows for renovation opportunities, the 3.4% gap from fair value means any significant renovation might not drastically improve the investment returns in the short term. Additionally, the average amenities in the surrounding neighbourhood indicate that substantial improvements may be necessary to realize significant increases in property value, making this a more cautious strategy.
Economic Vulnerability The economic stability score of 50/100 indicates a significant risk associated with potential fluctuations in local market conditions that could impact property value and rental income 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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