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, 1-bathroom apartment of 84 m² on the 7th floor, built in 1981, energy rating C. Located on largo do Carmo, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This property features unobstructed views over the city and Ria Formosa from its 7th-floor location, along with easy access to the vibrant amenities of downtown Faro.
The valuation. The asking price of €270,000 is slightly above the fair value of €257,074, representing a premium of €12,926 or 5.0%. The property valuation is considered fair.
Fair value modelled at €257,074 from 6 comparable sales in the area. Asking €270,000 sits €12,926 (5.0%) above — overpriced versus fair value.
Asking €270,000 versus the largo do Carmo area baseline of €246,907 (€2,939/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 €246,907, adjusted for condition and micro-location, gives a modelled fair value of €257,074 (€3,060/m²), a €12,926 (5.0%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo do Carmo | Subject | €270,000 | €3,214 | — | 65 | 70 |
| praça da Amendoeira | Active | €297,500 | €3,036 | 5.6% | 65 | 63 |
| rua da Amendoeira, 6 | Active | €297,500 | €3,036 | 5.6% | 60 | 56 |
| rua Engenheiro José Campos Coroa | Active | €290,000 | €3,085 | 4.0% | 55 | 72 |
| Faro (Sé e São Pedro) · 3a7278 | Active | €230,000 | €3,108 | 3.3% | 60 | 47 |
| Median comp | €293,750 | €3,061 | 4.8% | 60 | 60 |
Short-term vacation rental The property offers a gross yield of 4.4%, which presents a decent opportunity for short-term vacation rentals, especially given Algarve's status as a tourist destination. However, with the property listed at €270,000, only a slim margin above the fair value of €257,074 suggests limited room for profit maximization in this strategy. Family rental While the location provides acceptable schooling options for families, the property’s rating of 70/100 in the neighborhood indicates moderate appeal for long-term family rentals. The fair pricing of €270,000 aligns closely with the fair value assessment of €257,074, suggesting that potential returns may be constrained in a competitive rental market. Buy-and-hold The property could serve as a reasonable buy-and-hold investment due to its steady 4.4% yield and the attractive tourist demographic in Algarve. That said, the listing price of €270,000 represents a slight premium over the fair value of €257,074, pointing to potential challenges in capital appreciation over time.
Moderate economic risk The economic stability score of 65/100 indicates potential volatility in the market, which could impact rental income and property values negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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