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 65 m² on the 4th floor, built in 1989, energy rating E. Located on rua Comandante José Nunes da Cruz, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features a balcony offering space for outdoor seating, and includes a closed garage suitable for motorcycle parking or storage, adding convenience to urban living.
The valuation. The asking price of €280,000 is €27,436 (8.9%) below the fair value of €307,436. This positions the property at a fair valuation, suggesting it may not significantly outperform market expectations.
Fair value modelled at €307,436 from 6 comparable sales in the area. Asking €280,000 sits €27,436 (8.9%) below — the upside to fair value.
Asking €280,000 versus the rua Comandante José Nunes da Cruz area baseline of €334,045 (€5,139/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 45/100 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 €334,045, adjusted for condition and micro-location, gives a modelled fair value of €307,436 (€4,730/m²), a €27,436 (8.9%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Comandante José Nunes da Cruz | Subject | €280,000 | €4,308 | — | 42 | 61 |
| Faro (Sé e São Pedro) · 6d54b2 | Active | €285,000 | €5,588 | 29.7% | 60 | 61 |
| Faro (Sé e São Pedro) · 4d4097 | Active | €300,000 | €3,226 | 25.1% | 50 | 66 |
| Faro (Sé e São Pedro) · 37504a | Active | €480,000 | €4,800 | 11.4% | 65 | 63 |
| rua Manuel Ascensao | Active | €219,000 | €4,660 | 8.2% | 49 | 67 |
| Median comp | €292,500 | €4,730 | 9.8% | 55 | 65 |
Short-term vacation rental While the apartment's condition rating of 45/100 suggests potential renovation requirements, the Algarve's strong tourism flow indicates steady demand, which supports its fair valuation. The gross yield of 3.9% aligns with the average expectations for short-term rentals, making it a competitive option in a popular vacation destination. Long-term rental The apartment's pricing at €280,000 represents a fair value in the context of long-term rental agreements, particularly considering the reasonable gross yield of 3.9%. With a neighborhood rating of 61/100, this property is likely to attract stable tenants looking for residing options in the Algarve. Buy-and-hold Investing in this property for a buy-and-hold strategy may align with current valuations, given the fair pricing compared to its fair value estimate. The expected steady demand driven by the Algarve's tourism industry supports the long-term appreciation potential, even though yields are modest at 3.9%.
Low Economic and Tenant Stability Risk With an economic stability score of 55/100 and a tenant stability score of 60/100, there is a higher risk of fluctuations in rental income and potential vacancy issues.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
