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.
2-bedroom, 1-bathroom apartment of 63 m² on the 1st floor, built in 1978, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment boasts great sun exposure due to its dual-front design and is conveniently located minutes away from Faro's Municipal Market, enhancing urban living convenience.
The valuation. The asking price of €250,000 positions it just €314 (0.1%) above the fair value of €249,686, reflecting a fair assessment of the property's worth in the current market. Buy-to-flip angle. Given the apartment's standard condition, a buy-to-flip strategy would focus on minor renovations to enhance appeal, allowing for resale at a competitive price in the tourist-driven Faro market. Buy-to-let angle. With an estimated gross yield of 4.2% from potential rental income of €875 per month, this property serves as a strong candidate for long-term or family rental strategies, capitalizing on the area's tourist influx and expat population.
Fair value modelled at €249,686 from 6 comparable sales in the area. Asking €250,000 sits €314 (0.1%) above — overpriced versus fair value.
Asking €250,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €250,977 (€3,984/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €250,977, adjusted for condition and micro-location, gives a modelled fair value of €249,686 (€3,963/m²), a €314 (0.1%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 53ccb7 | Subject | €250,000 | €3,968 | — | 62 | 70 |
| Faro (Sé e São Pedro) · a80ac0 | Active | €315,000 | €4,200 | 5.8% | 58 | 71 |
| Faro (Sé e São Pedro) · 86cc04 | Active | €280,000 | €3,836 | 3.3% | 62 | 57 |
| rua Capitão Jose Vieira Branco, 23 | Active | €270,000 | €4,091 | 3.1% | 58 | 70 |
| Faro (Sé e São Pedro) · 1e6017 | Active | €305,000 | €2,905 | 26.8% | 60 | 70 |
| Median comp | €292,500 | €3,964 | 0.1% | 59 | 70 |
Short-term vacation rental The property has a gross yield of 4.2%, which suggests it can perform adequately in the short-term rental market, especially given its location in a tourist-friendly area of Faro. However, with a fair value just slightly below the asking price, the investment does not present a strong opportunity for capital growth. Long-term rental With a fair value of €249,686 and a fair yield of 4.2%, the property stands to generate consistent income through long-term rentals in a neighborhood rated 70/100. Nonetheless, the condition rating of 58/100 indicates that prospective tenants may demand improvements, potentially affecting rental desirability. Family rental While this 2-bed apartment may appeal to families looking for a home in a desirable location, the fair nature of the pricing does not highlight significant room for appreciation. The neighborhood’s amenities score of 70/100 supports its potential, but the overall rating suggests that the property might not be the most competitive option in family rentals within the area.
Economic Downturn Risk With an economic stability score of 65/100, there is a heightened risk that unfavorable economic conditions could impact tenant demand, potentially leading to increased vacancy rates or lower rental prices.
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