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 141 m² on the 2nd floor, built in 1997, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment benefits from a modern kitchen remodel and includes a whirlpool bathtub in the en-suite bathroom, enhancing daily luxury and comfort.
The valuation. The asking price of €450,000 sits slightly above fair value at €431,752, reflecting a difference of €18,248 (4.2%). This positions the property as fair within the current market.
Fair value modelled at €431,752 from 6 comparable sales in the area. Asking €450,000 sits €18,248 (4.2%) above — overpriced versus fair value.
Asking €450,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €402,597 (€2,855/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €402,597, adjusted for condition and micro-location, gives a modelled fair value of €431,752 (€3,062/m²), a €18,248 (4.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 33bc5e | Subject | €450,000 | €3,191 | — | 69 | 55 |
| Faro (Sé e São Pedro) · 5da0e8 | Active | €365,000 | €3,042 | 4.7% | — | 63 |
| rua Reitor Teixeira Guedes, 26 | Active | €370,000 | €2,721 | 14.8% | 68 | 56 |
| praceta Azedo Gneco | Active | €329,000 | €3,104 | 2.7% | 75 | 62 |
| avenida Doctor Gordinho Moreira, 6 | Active | €367,000 | €2,719 | 14.8% | 70 | 62 |
| Median comp | €366,000 | €2,882 | 9.7% | 70 | 62 |
Short-term vacation rental The property’s location in the coastal tourism region of Algarve offers potential for short-term vacation rentals, however, the yield of 3.3% suggests it may not generate significant cash flow compared to investment benchmarks. Additionally, with a fair market value of €431,752, the property is only slightly above fair value, indicating it may not attract seasonal tourists as effectively. Buy-and-hold Investing in this property as a buy-and-hold strategy could provide stable returns over time, yet the fair value of €431,752 and the existing yield of 3.3% raise concerns about its long-term appreciation potential. Given the average condition rating of 67/100 and a relatively average neighborhood quality of 55/100, growth might be limited. Long-term rental A long-term rental strategy could offer consistent income, but with the property listed at €450,000 and an identified fair value of €431,752, the investment may struggle to outperform market expectations. The subpar neighborhood score of 55/100 indicates potential challenges in attracting higher-quality tenants needed for a solid return on investment.
Low economic and tenant stability risk With both economic stability (50/100) and tenant stability (55/100) scores below average, there is a heightened risk of fluctuating income and potential tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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