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 327 m², built in 1851, energy rating B. Located on rua do Pe da Cruz, 39, Conceição e Estoi parish, Faro municipality, Faro district. Property Highlights: The property boasts a traditional restaurant/tapas bar, accessible from a busy street, offering potential for substantial tourist foot traffic alongside scenic countryside and sea views from its terraces.
The valuation. The asking price of €750,000 sits €84,968 (12.8%) above the fair value of €665,032, indicating that the property is priced in line with current market expectations. The evaluation suggests a fair market positioning without being undervalued or overpriced.
Fair value modelled at €665,032 from 6 comparable sales in the area. Asking €750,000 sits €84,968 (12.8%) above — overpriced versus fair value.
Asking €750,000 versus the rua do Pe da Cruz, 39 area baseline of €470,650 (€1,439/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €470,650, adjusted for condition and micro-location, gives a modelled fair value of €665,032 (€2,034/m²), a €84,968 (12.8%) gap versus the €750,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Pe da Cruz, 39 | Subject | €750,000 | €2,294 | — | 74 | 63 |
| rua Visconde de Estoi | Active | €1,600,000 | €1,905 | 17.0% | 72 | 65 |
| rua do Pe da Cruz | Active | €600,000 | €1,791 | 21.9% | 50 | 62 |
| Conceição e Estoi · f3626c | Active | €638,000 | €2,163 | 5.7% | 60 | 60 |
| Conceição e Estoi · f46c73 | Active | €350,000 | €1,186 | 48.3% | — | 73 |
| Median comp | €619,000 | €1,848 | 19.4% | 60 | 64 |
Short-term vacation rental The property is positioned well within the Algarve's thriving tourism sector; however, the lack of a gross rental yield suggests it may not generate immediate cash flow. Given the fair valuation of €750,000 and the local market's competitive landscape, the property does not present an attractive investment opportunity in this strategy. Long-term rental While the neighborhood shows some promise with a moderate score of 63/100, the overall property condition of 68/100 raises concerns about maintaining profitability over the long term. At a fair value of €750,000, potential long-term renters may be deterred by high rental rates that do not correlate well with the local tenant quality. Buy-and-hold Investing in this property for a buy-and-hold strategy would be challenging, given its fair price point of €750,000 against a fair value of €665,032. With a stagnant yield and average economic conditions tied to tourism, long-term appreciation prospects appear limited in this market.
Potential Rent Default Risk The economic stability score of 55/100 indicates a moderate risk of economic decline which may lead to an increased likelihood of tenant defaults given the tenant stability score of 65/100.
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