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 apartment of 114 m² on the 5th floor, energy rating C. Located on rua Doutor Olímpio Passos Valente, 15, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment includes two private balconies, enhancing outdoor space and natural light, along with advanced security technology for added peace of mind.
The valuation. The asking price of €445,000 is €24,927 (5.9%) above the fair value of €420,073, indicating the property is fairly priced, reflecting the quality and location within the market.
Fair value modelled at €420,073 from 6 comparable sales in the area. Asking €445,000 sits €24,927 (5.9%) above — overpriced versus fair value.
Asking €445,000 versus the rua Doutor Olímpio Passos Valente, 15 area baseline of €345,061 (€3,027/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €345,061, adjusted for condition and micro-location, gives a modelled fair value of €420,073 (€3,685/m²), a €24,927 (5.9%) gap versus the €445,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Olímpio Passos Valente, 15 | Subject | €445,000 | €3,904 | — | 80 | 60 |
| Faro (Sé e São Pedro) · 38b65b | Active | €370,000 | €4,022 | 3.0% | 78 | 57 |
| rua Doutor Olímpio Passos Valente, 13 | Active | €472,000 | €3,933 | 0.8% | 74 | 68 |
| Faro (Sé e São Pedro) · 23f4fa | Active | €432,000 | €3,108 | 20.4% | 74 | 64 |
| Faro (Sé e São Pedro) · 16256f | Active | €450,000 | €4,091 | 4.8% | 78 | 71 |
| Median comp | €441,000 | €3,978 | 1.9% | 76 | 66 |
Short-term vacation rental This property is well-positioned to benefit from the strong tourism influence in Faro, currently yielding a gross return of 3.7%. However, with a fair value of €420,073 and a listing price above that, it remains at a fair rather than advantageous pricing point for investors seeking short-term rentals. Long-term rental The property, with a condition rating of 82/100, may appeal to long-term tenants, yet its listing price suggests it is not the most competitive option in the market. Given the fair value of €420,073, investors should weigh this property against potentially better-valued alternatives for long-term leases. Buy-and-hold While the buy-and-hold strategy may see some benefits from market appreciation over time, the current valuation reflects a fair market price rather than a clear opportunity for capital growth. With a yield of 3.7% gross, the property might provide steady returns, but investors should remain cautious given its listing price above the fair value.
Economic Vulnerability With an economic stability score of 50/100, there is a significant risk that fluctuations in the local economy could negatively impact property values and rental demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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