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.
1-bedroom, 1-bathroom apartment of 51 m² on the 4th floor, built in 1989, energy rating C. Located on praça Ferreira de Almeida, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment features traditional terracotta tile flooring and dark wood cabinetry, enhancing its aesthetic appeal and quality beyond standard finishes common in the area.
The valuation. The asking price of €250,000 is just above the fair value of €248,319, indicating a slight premium of €1,681 (0.7%). This positions the property fairly in its market context.
Fair value modelled at €248,319 from 6 comparable sales in the area. Asking €250,000 sits €1,681 (0.7%) above — overpriced versus fair value.
Asking €250,000 versus the praça Ferreira de Almeida area baseline of €229,540 (€4,501/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 €229,540, adjusted for condition and micro-location, gives a modelled fair value of €248,319 (€4,869/m²), a €1,681 (0.7%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Ferreira de Almeida | Subject | €250,000 | €4,902 | — | 65 | 55 |
| Faro (Sé e São Pedro) · 3a7477 | Active | €259,000 | €5,078 | 3.6% | 62 | 56 |
| Faro (Sé e São Pedro) · f10ae4 | Active | €220,000 | €4,583 | 6.5% | 55 | 63 |
| Faro (Sé e São Pedro) · 28bac4 | Active | €290,000 | €5,577 | 13.8% | 70 | 60 |
| Faro (Sé e São Pedro) · 6d54b2 | Active | €285,000 | €5,588 | 14.0% | 60 | 61 |
| Median comp | €272,000 | €5,328 | 8.7% | 61 | 61 |
Short-term vacation rental The 1-bed apartment in Faro is well-positioned for short-term vacation rentals due to its proximity to the Algarve coast, which enhances its appeal to tourists. However, the potential seasonal tenant instability should be considered given the 4.5% gross yield and fair neighborhood rating of 55/100. Long-term rental With a fair value margin of only 0.7%, this property could deliver stable long-term rental income, although the tenant quality in the neighborhood is moderate with a rating of 55/100. The property’s 4.5% gross yield indicates a reasonable return, but market conditions suggest it may not be the ideal choice for long-term prospects. Buy-and-hold While the 1-bed apartment in Faro can potentially benefit from long-term appreciation given its coastal location, the current fair value of €250,000 suggests limited upside. The fair condition score of 70/100 and the uncertain neighborhood dynamics indicate that this investment may yield modest returns over time without significant growth potential.
Economic contraction risk The economic stability score of 50/100 indicates a potential for economic downturns which could negatively impact property value and rental income.
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