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 110 m² on the 1st floor, built in 1986. Located on rua do Norte, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment boasts an expansive balcony that enhances natural light and outdoor connectivity, while offering two distinct storage pantries for exceptional organization in daily living.**
The valuation. The asking price of €369,000 sits €60,275 (14.0%) below its fair value of €429,275, indicating that this property is underpriced. This presents a compelling opportunity for potential buyers looking to invest.
Fair value modelled at €429,275 from 6 comparable sales in the area. Asking €369,000 sits €60,275 (14.0%) below — the upside to fair value.
Asking €369,000 versus the rua do Norte area baseline of €366,028 (€3,328/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €366,028, adjusted for condition and micro-location, gives a modelled fair value of €429,275 (€3,902/m²), a €60,275 (14.0%) gap versus the €369,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Norte | Subject | €369,000 | €3,355 | — | 75 | 70 |
| rua Ataide de Oliveira | Active | €408,000 | €3,264 | 2.7% | 75 | 62 |
| Faro (Sé e São Pedro) · 3a71ee | Active | €335,000 | €3,454 | 3.0% | 72 | 60 |
| rua Engenheiro José Campos Coroa | Active | €370,000 | €3,895 | 16.1% | 78 | 66 |
| rua Doutor Arnaldo Cardoso Vilhena, 31 | Active | €299,000 | €4,041 | 20.4% | 82 | 58 |
| Median comp | €352,500 | €3,675 | 9.5% | 77 | 61 |
Long-term rental The 2-bed apartment in Faro presents a strong opportunity for long-term rental, given its fair value of €429,275 compared to the listing price of €369,000, indicating an approximate 14.0% gap. With a gross yield of 3.5%, investors can expect consistent returns in a region benefiting from overall housing demand due to its tourism appeal. Short-term vacation rental Positioned within the popular Algarve region, this property is well-suited for short-term vacation rentals with a fair value significantly higher than the current asking price, creating potential for profitable income streams. The strong tourism traffic enhances potential booking rates, making it an attractive investment for vacation rental operations. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is appealing given the significant underpricing relative to its fair value, offering a favorable entry point for long-term appreciation. The continued attractiveness of the Algarve region for both tourists and residents bodes well for property value growth over time.
Economic and Tenant Stability Risk The property is exposed to economic fluctuations and potential tenant turnover due to both scores being at 70/100, indicating moderate instability in the market and tenant base.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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