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 apartment of 112 m² on the 1st floor. Located on rua Filipe Ferrer, 1, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Feature: This apartment boasts two balconies, ideal for outdoor relaxation and laundry, enhancing the overall living experience in a modern and well-maintained space.
The valuation. The asking price of €340,000 is above the fair value of €320,751 by €19,249 (6.0%). This property is considered fairly priced given its quality and location.
Fair value modelled at €320,751 from 6 comparable sales in the area. Asking €340,000 sits €19,249 (6.0%) above — overpriced versus fair value.
Asking €340,000 versus the rua Filipe Ferrer, 1 area baseline of €262,259 (€2,342/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €262,259, adjusted for condition and micro-location, gives a modelled fair value of €320,751 (€2,864/m²), a €19,249 (6.0%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Filipe Ferrer, 1 | Subject | €340,000 | €3,036 | — | 78 | 68 |
| travessa da Mota | Active | €530,000 | €2,208 | 27.3% | 75 | 70 |
| praceta Azedo Gneco | Active | €329,000 | €3,104 | 2.2% | 75 | 62 |
| urbanização Alto Rodes Alto Rodes | Active | €357,000 | €2,811 | 7.4% | 75 | 63 |
| avenida Doctor Gordinho Moreira S / N | Active | €310,000 | €2,583 | 14.9% | 72 | 62 |
| Median comp | €343,000 | €2,697 | 11.2% | 75 | 63 |
Short-term vacation rental The property presents a gross yield of 4.7%, making it a reasonable option for investors looking to enter the short-term vacation rental market in the tourist-focused Algarve region. However, with a fair value of €320,751 and a listing price of €340,000, the investment aligns closely with market expectations, offering limited immediate upside potential. Buy-and-hold Given the stable tourism-driven economy of Faro, holding this property could yield steady rental income over time, particularly for long-term tenants. Although it's fairly priced, investors should note the modest 6.0% gap to the fair value, suggesting that while the purchase is justified now, it may not deliver substantial appreciation in the near term. Long-term rental This three-bedroom apartment's condition rating of 77/100 indicates solid livability, which is appealing for long-term rentals in a market where tenant quality can vary. The property's fair pricing suggests it can attract reliable tenants, but the overall yield of 4.7% signals that returns will likely remain moderate rather than exceptional in this context.
Economic and Tenant Stability Risk Both the economic stability score of 65/100 and the tenant stability score of 65/100 indicate a moderate risk of fluctuations in income and potential tenant turnover, potentially impacting cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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