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 house of 83 m², built in 1951, energy rating E. Located on rua Jardim do Cardeal, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This property features a spectacular rooftop terrace with a private room and versatile design possibilities, making it ideal for relaxation and entertainment against the backdrop of Algarvian sunsets.
The valuation. The asking price of €550,000 is only 4.0% above the fair value of €528,790, suggesting it is priced fairly within the current market context. This positions the property reasonably well for potential buyers.
Fair value modelled at €528,790 from 6 comparable sales in the area. Asking €550,000 sits €21,210 (4.0%) above — overpriced versus fair value.
Asking €550,000 versus the rua Jardim do Cardeal area baseline of €466,206 (€5,617/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €466,206, adjusted for condition and micro-location, gives a modelled fair value of €528,790 (€6,371/m²), a €21,210 (4.0%) gap versus the €550,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Jardim do Cardeal | Subject | €550,000 | €6,627 | — | 80 | 63 |
| Faro (Sé e São Pedro) · 19f676 | Active | €290,000 | €5,179 | 21.9% | 65 | 58 |
| rua do Compromisso | Active | €355,000 | €6,455 | 2.6% | 87 | 70 |
| Faro (Sé e São Pedro) · 49b840 | Active | €698,000 | €6,648 | 0.3% | 75 | 69 |
| rua das Olarias | Active | €395,000 | €6,371 | 3.9% | 80 | 70 |
| Median comp | €375,000 | €6,413 | 3.2% | 78 | 70 |
Long-term rental This property offers a modest yield of 2.5%, making it a stable option for long-term rental in a market with reasonable demand. However, with a fair value of €528,790, priced at €550,000, investors should anticipate minimal appreciation in value. Short-term vacation rental Given the proximity to Faro and its tourist appeal, the property may attract some interest as a short-term vacation rental, but the yield remains relatively low at 2.5%. While the neighbourhood has decent amenities, investors should be cautious as the pricing against fair value indicates limited immediate upside. Buy-and-hold With a fair value of €528,790 against a listing price of €550,000, this property represents a fair investment for those looking to buy-and-hold. While the yield is low at 2.5%, the stable demand in Faro can provide consistent, if not elevated, returns over time.
Economic and Tenant Instability The economic stability score of 60 and tenant stability score of 60 suggests a potential risk of fluctuating rental income, which could impact cash flow and property value 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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