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, 2-bathroom apartment of 90 m² on the 2nd floor, energy rating C. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment boasts two private balconies offering city views, enhancing its outdoor living space despite being in need of kitchen and bathroom renovations. Location: Centrally located near schools, pedestrian areas, and green spaces.
The valuation. The asking price of €350,000 sits €41,188 (13.3%) above the fair value of €308,813, indicating that the property is overpriced. This discrepancy suggests caution for potential investors evaluating this opportunity.
Fair value modelled at €308,813 from 6 comparable sales in the area. Asking €350,000 sits €41,188 (13.3%) above — overpriced versus fair value.
Asking €350,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €339,174 (€3,769/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 46/100 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 €339,174, adjusted for condition and micro-location, gives a modelled fair value of €308,813 (€3,431/m²), a €41,188 (13.3%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 788091 | Subject | €350,000 | €3,889 | — | 40 | 64 |
| Faro (Sé e São Pedro) · 937435 | Active | €266,000 | €3,500 | 10.0% | 45 | 60 |
| Faro (Sé e São Pedro) · 95706e | Active | €269,000 | €3,363 | 13.5% | 37 | 73 |
| Faro (Sé e São Pedro) · 4d4097 | Active | €300,000 | €3,226 | 17.1% | 50 | 66 |
| Faro (Sé e São Pedro) · a80ac0 | Active | €315,000 | €4,200 | 8.0% | 58 | 71 |
| Median comp | €284,500 | €3,432 | 11.8% | 48 | 69 |
Short-term vacation rental The €350,000 price tag presents a significant 13.3% premium over the fair value of €308,813, raising concerns about immediate profitability in the short-term vacation rental market. Considering the gross yield of 3.6% and the neighborhood’s 64/100 rating, the potential returns may not adequately compensate for the elevated entry cost. Long-term rental With a gap of 13.3% above fair value, the property does not position itself favorably for long-term rental investment, where lower entry prices typically yield higher returns. The current gross yield of 3.6% may not be sufficient to justify the premium pricing, especially given the neighborhood's moderate economic activity. Buy-and-hold The property’s price is 13.3% above its fair market value, which discourages buy-and-hold strategies that rely on capital appreciation over time. Given its condition rating of 46/100 and the lower yield of 3.6%, investors may find it challenging to realize strong returns on a long-term hold investment based on current pricing.
Economic and Tenant Instability Risk The combined economic stability score of 60 and tenant stability score of 60 suggests a moderate risk of income volatility and potential vacancies due to changing market conditions.
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