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 country_house of 115 m², built in 1951, energy rating E. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Investment potential with traditional smokehouse provides unique charm and income possibilities, alongside nearby access to essential services and a strategic location in Barrocal Algarvio.
The valuation. The asking price of €380,000 is significantly below the fair value of €520,238, representing a discount of €140,238 (27.0%). This property is underpriced and presents a compelling investment opportunity.
Fair value modelled at €520,238 from 6 comparable sales in the area. Asking €380,000 sits €140,238 (27.0%) below — the upside to fair value.
Asking €380,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €612,246 (€5,324/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 24/100 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 €612,246, adjusted for condition and micro-location, gives a modelled fair value of €520,238 (€4,524/m²), a €140,238 (27.0%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 57fd4d | Subject | €380,000 | €3,304 | — | 20 | 61 |
| Montenegro · 9387ad | Active | €270,000 | €5,192 | 57.1% | 25 | 70 |
| Faro (Sé e São Pedro) · 38b52f | Active | €275,000 | €4,365 | 32.1% | 25 | 62 |
| rua Frederico Lecor | Active | €295,000 | €4,683 | 41.7% | 25 | 67 |
| Faro (Sé e São Pedro) · 38b217 | Active | €425,000 | €2,607 | 21.1% | 25 | 74 |
| Median comp | €285,000 | €4,524 | 36.9% | 25 | 69 |
Short-term vacation rental Given the property is listed at €380,000 with a fair value of €520,238, this creates an attractive opportunity for short-term vacation rentals, especially in a tourism-driven economy like Algarve. The gross yield of 4.4% indicates a potential steady income stream from seasonal visitors looking for accommodation in this safe and community-focused area. Buy-and-hold Acquiring this property at €380,000, while the fair value stands at €520,238, presents a compelling buy-and-hold strategy as the local market is expected to benefit from consistent tourist activity and increased property values. Additionally, with a neighborhood rating of 61/100, the long-term appeal is enhanced by the availability of amenities and community-centric living. Family rental Although the property is priced at €380,000 compared to a fair valuation of €520,238, it could serve as a solid family rental, catering to the community-oriented demographic in Faro. The moderate condition score of 24/100 offers a pathway for renovation efforts that could further increase rental value and tenant quality in this well-rated neighborhood.
Economic Vulnerability The property faces potential challenges due to its low economic stability score of 55/100, which indicates a risk of economic downturn affecting tenant demand and 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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