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.
4-bedroom, 1-bathroom apartment of 208 m², energy rating B. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment includes seven balconies, enhancing natural light and providing various outdoor spaces, as well as extensive wood finishes that elevate its aesthetic appeal.
The valuation. The asking price of €750,000 sits slightly above the fair value of €737,176, resulting in a variance of €12,824 (1.7%). This property is assessed at a fair price, making it a reasonable investment consideration.
Fair value modelled at €737,176 from 6 comparable sales in the area. Asking €750,000 sits €12,824 (1.7%) above — overpriced versus fair value.
Asking €750,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €650,634 (€3,128/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €650,634, adjusted for condition and micro-location, gives a modelled fair value of €737,176 (€3,544/m²), a €12,824 (1.7%) gap versus the €750,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · e3abef | Subject | €750,000 | €3,606 | — | 68 | 68 |
| rua Doctor Olímpio Passos Valente, 13 | Active | €468,000 | €3,900 | 8.2% | 75 | 68 |
| urbanização Hortas das Figuras | Active | €499,500 | €2,730 | 24.3% | 75 | 68 |
| Faro (Sé e São Pedro) · 162688 | Active | €225,000 | €3,214 | 10.9% | 72 | 55 |
| Faro (Sé e São Pedro) · 0014f6 | Active | €549,000 | €3,760 | 4.3% | 81 | 61 |
| Median comp | €483,750 | €3,487 | 3.3% | 75 | 65 |
Short-term vacation rental The property is suitably located in a coastal town in Algarve, which is heavily influenced by tourism and demand for vacation rentals. With a gross yield of 2.8% and a fair value gap of only 1.7%, this investment presents a stable but not exceptionally profitable opportunity in the short-term rental market. Buy-and-hold While the property is fairly priced, yielding 2.8%, its moderate condition rating of 72/100 suggests there may be potential issues that could affect long-term appreciation. Investors considering this buy-and-hold strategy should weigh the stability of the location against its relatively low yield. Value-add renovation The apartment's current condition score of 72/100 indicates potential for improvement, making it a candidate for value-add renovations aimed at increasing rental income or resale value. However, with a fair value assessment, any renovations would need to be carefully calculated to enhance the overall investment appeal while avoiding overcapitalization.
Economic and Tenant Volatility Risk The property has an economic stability score of 65/100 and a tenant stability score of 65/100, indicating a potential risk of tenant turnover and economic fluctuations impacting rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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