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.
1-bedroom, 1-bathroom apartment of 55 m² on the 11th floor, energy rating E. Located on largo de Camões, 1, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Unique Feature: The property boasts a private balcony that offers uninterrupted views of the cityscape, perfect for enjoying Faro's vibrant atmosphere. Investment Opportunity: Ideal for those seeking a prime location with high rental demand.
The valuation. The asking price of €260,000 is slightly below the fair value of €261,250, indicating the property is fairly priced with a minor margin of €1,250, or 0.5%. Buy-to-flip angle. A buy-to-flip strategy could leverage the property's high-quality finishes and favorable location for a quick resale in a competitive market, targeting properties in the €270,000 to €280,000 range. Buy-to-let angle. For a buy-to-let approach, the property offers a gross yield of 4.6%, estimated rental income of €997 per month, capitalizing on the strong vacation rental demand in Faro and its proximity to Algarve tourist attractions.
Fair value modelled at €261,250 from 5 comparable sales in the area. Asking €260,000 sits €1,250 (0.5%) below — the upside to fair value.
Asking €260,000 versus the largo de Camões, 1 area baseline of €235,230 (€4,277/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €235,230, adjusted for condition and micro-location, gives a modelled fair value of €261,250 (€4,750/m²), a €1,250 (0.5%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo de Camões, 1 | Subject | €260,000 | €4,727 | — | 74 | 73 |
| avenida 5 de Outubro | Active | €280,000 | €5,283 | 11.8% | 78 | 61 |
| rua Ataide de Oliveira S / N | Active | €307,000 | €4,873 | 3.1% | 85 | 72 |
| urbanização Vale da Amoreira Penha | Active | €230,000 | €3,286 | 30.5% | 70 | 63 |
| avenida 5 de Outubro S / N | Active | €280,000 | €4,516 | 4.5% | 80 | 53 |
| Median comp | €280,000 | €4,695 | 0.7% | 79 | 62 |
Short-term vacation rental This property in Faro, situated near popular Algarve tourist spots, presents strong potential for short-term vacation rentals, attracting tourists year-round. However, with a fair value aligned closely to the listing price, the property's profitability may be limited by its current pricing. Buy-and-hold Investing in this 1-bed apartment for long-term appreciation could yield stable returns due to its location and the demand driven by the tourism economy. That said, the property is priced fairly now, suggesting limited immediate upside in appreciation potential. Long-term rental Given the steady employment opportunities in Faro's tourism sector, this apartment can serve as a reliable long-term rental investment with a gross yield of 4.6%. Yet, with the current pricing close to its fair value, future cash flow gains may not be as pronounced as hoped.
Economic vulnerability The property has a relatively low economic stability score of 65/100, indicating potential challenges in the local economy that could impact rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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