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 106 m² on the 1st floor, energy rating C. Located on rua Aboim Ascensao S / N, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment boasts intelligent climate control with Wi-Fi-enabled water heating, and cutting-edge Bluetooth lighting for customizable ambience throughout the elegant, renovated spaces.
The valuation. The asking price of €374,000 sits €15,013 (3.9%) below the fair value of €389,013, indicating that it is reasonably valued and aligns well with current market expectations. Buy-to-flip angle. A resale or wholesale strategy could capitalize on the high-end contemporary renovation, appealing to buyers seeking modern amenities in the Algarve, potentially allowing for a profitable turnover. Buy-to-let angle. With a gross yield of 3.7% based on an estimated rental income of €1,153 per month, this property presents a solid long-term rental opportunity in a neighborhood with consistent demand.
Fair value modelled at €389,013 from 6 comparable sales in the area. Asking €374,000 sits €15,013 (3.9%) below — the upside to fair value.
Asking €374,000 versus the rua Aboim Ascensao S / N area baseline of €302,096 (€2,850/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €302,096, adjusted for condition and micro-location, gives a modelled fair value of €389,013 (€3,670/m²), a €15,013 (3.9%) gap versus the €374,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Aboim Ascensao S / N | Subject | €374,000 | €3,528 | — | 93 | 62 |
| Faro (Sé e São Pedro) · 23f4fa | Active | €432,000 | €3,108 | 11.9% | 74 | 64 |
| rua Doutor Olímpio Passos Valente, 15 | Active | €445,000 | €3,904 | 10.6% | 80 | 60 |
| Faro (Sé e São Pedro) · 483b96 | Active | €378,000 | €3,436 | 2.6% | 75 | 61 |
| Faro (Sé e São Pedro) · 38b65b | Active | €370,000 | €4,022 | 14.0% | 78 | 57 |
| Median comp | €405,000 | €3,670 | 4.0% | 77 | 61 |
Long-term rental This property presents a fair investment opportunity for long-term rental given its gross yield of 3.7% in a location with localized demand. While the property's value aligns closely with fair market value at €374,000, its condition rating of 85/100 indicates a well-maintained asset suitable for stable rental income. Short-term vacation rental With its prime location in Faro and a fair valuation, this property is positioned well for the short-term vacation rental market, appealing to tourists seeking quality accommodations. However, the 62/100 neighborhood rating suggests that while demand exists, competition from other areas might limit maximum occupancy rates. Buy-and-hold Acquiring this property for a buy-and-hold strategy is reasonable, given its fair market pricing and decent yield. The overall condition and the potential for long-term appreciation in the popular Algarve region make it an attractive, albeit not a bargain, investment for future capital gains.
Inconsistent economic and tenant stability The property faces a potential risk due to both economic stability and tenant stability scores being at 60/100, indicating uncertainty that may affect long-term occupancy and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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