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 225 m² on the 1st floor, energy rating D. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment boasts a massive 100 m² terrace that offers exceptional potential for outdoor living, complemented by an 18 m² shed for versatile use.**
The valuation. The asking price of €500,000 is below the fair value of €651,748, indicating the property is underpriced by €151,748 (23.3%). This positions it as an attractive investment opportunity in the current market.
Fair value modelled at €651,748 from 6 comparable sales in the area. Asking €500,000 sits €151,748 (23.3%) below — the upside to fair value.
Asking €500,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €584,489 (€2,598/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €584,489, adjusted for condition and micro-location, gives a modelled fair value of €651,748 (€2,897/m²), a €151,748 (23.3%) gap versus the €500,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 9d293f | Subject | €500,000 | €2,222 | — | 72 | 70 |
| rua Almeida Garrett, 47B | Active | €460,000 | €2,434 | 9.5% | 70 | 66 |
| rua João Brandeiro, 1 | Active | €390,000 | €3,451 | 55.3% | 68 | 60 |
| rua Doutor Joaquim da Rocha Peixoto Magalhães, 25 3 | Active | €338,000 | €3,073 | 38.3% | 68 | 71 |
| avenida Doctor Gordinho Moreira, 6 | Active | €367,000 | €2,719 | 22.3% | 70 | 62 |
| Median comp | €378,500 | €2,896 | 30.3% | 69 | 64 |
Short-term vacation rental The 3-bed apartment in Faro presents an attractive opportunity for short-term vacation rentals, given that its listing price of €500,000 is 23.3% below its fair value of €651,748, indicating a significant upside. With a gross yield of 4.2% and the area's reliance on tourism, this investment can benefit from high demand during peak seasons. Long-term rental Investing in this property for long-term rental purposes appears promising, as it is priced at €500,000 while its fair market value is €651,748, allowing for potential equity growth over time. The property’s condition and neighborhood rating of 70/100 suggest it will attract reliable tenants seeking quality accommodation in a desirable location. Family rental This property is well-suited for family rental, as it boasts ample space and is priced 23.3% below its fair market value of €651,748, making it an appealing option for families looking for a comfortable home. Additionally, its location in Faro provides access to essential amenities and services, enhancing its attractiveness to family tenants.
Economic Vulnerability The economic stability score of 60/100 indicates a moderate risk of economic fluctuations that could impact tenant retention and rental income.
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