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 122 m², energy rating C. Located São Brás de Alportel parish, São Brás de Alportel municipality, Faro district. Noteworthy Features: The apartment includes a generous covered terrace ideal for outdoor dining, and has direct access to the adjacent green area, enhancing the living space's appeal.
The valuation. The asking price of €340,000 sits €52,941 (18.4%) above the fair value of €287,059, indicating that the property is overpriced. This discrepancy suggests limited potential for immediate profit in a competitive market.
Fair value modelled at €287,059 from 5 comparable sales in the area. Asking €340,000 sits €52,941 (18.4%) above — overpriced versus fair value.
Asking €340,000 versus the São Brás de Alportel, São Brás de Alportel, Faro area baseline of €217,087 (€1,779/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €217,087, adjusted for condition and micro-location, gives a modelled fair value of €287,059 (€2,353/m²), a €52,941 (18.4%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Brás de Alportel · 51b6d8 | Subject | €340,000 | €2,787 | — | 72 | 61 |
| rua Doutor João Matos Proença, 12 | Active | €325,000 | €2,982 | 7.0% | 75 | 54 |
| rua António Viegas Calçada, 5 | Active | €300,000 | €2,308 | 17.2% | 75 | 59 |
| rua Doutor José Dias Sancho, 159 | Active | €339,000 | €2,216 | 20.5% | 72 | 70 |
| avenida da Liberdade, 60 | Active | €345,000 | €2,464 | 11.6% | 75 | 55 |
| Median comp | €332,000 | €2,386 | 14.4% | 75 | 57 |
Short-term vacation rental Given the gross yield of 2.8%, this property in São Brás de Alportel is not positioned to provide an attractive return on investment for short-term vacation rentals. With an 18.4% gap from fair value, prices are too high to capture typical profit margins expected in this sector. Buy-and-hold The property's condition score of 76/100 suggests it could require additional investments to enhance its appeal, making long-term holding a less attractive strategy. Additionally, the significant overpricing reduces the potential for meaningful appreciation in value over time. Family rental While family rentals typically demand stable returns, this apartment's pricing at €340,000, a notable 18.4% above fair value, limits its potential attractiveness to families seeking affordable housing. The neighborhood rating of 61/100 indicates moderate local demand, which does not justify the current price point.
Tenant turnover risk With a tenant stability score of 60/100, there is a potential for higher tenant turnover, increasing vacancy rates and associated costs.
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