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 100 m² on the 1st floor, built in 1991, energy rating D. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: The apartment boasts high-quality granite countertops in the kitchen and marble finishes in the bathroom, significantly enhancing its overall aesthetic appeal.
The valuation. The asking price of €347,000 sits €20,913 (6.4%) above the fair value of €326,087, indicating that the property is priced fairly but is not a bargain.
Fair value modelled at €326,087 from 5 comparable sales in the area. Asking €347,000 sits €20,913 (6.4%) above — overpriced versus fair value.
Asking €347,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €291,477 (€2,915/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 €291,477, adjusted for condition and micro-location, gives a modelled fair value of €326,087 (€3,261/m²), a €20,913 (6.4%) gap versus the €347,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 07f85a | Subject | €347,000 | €3,470 | — | 65 | 64 |
| 6a9498 | Active | €366,000 | €3,327 | 4.1% | 75 | 63 |
| Faro (Sé e São Pedro) · 6d5230 | Active | €675,000 | €3,261 | 6.0% | 70 | 63 |
| Faro (Sé e São Pedro) · 23f4fa | Active | €432,000 | €3,108 | 10.4% | 74 | 64 |
| Faro (Sé e São Pedro) · b7c1fb | Active | €295,000 | €3,172 | 8.6% | 68 | 65 |
| Median comp | €399,000 | €3,217 | 7.3% | 72 | 64 |
Long-term rental The property offers a gross yield of 4.3%, which is consistent with market expectations for long-term rental in Faro, particularly given the area's predominantly tourist-driven economy. However, due to its fair valuation status, potential investors should be cautious and conduct deeper market research before committing to a purchase. Short-term vacation rental While the apartment's location in Faro is conducive to short-term rentals, its fair valuation of €347,000 makes it less attractive compared to other options in the Algarve market. Investors may find better opportunities with similar yields at a lower purchase price, especially in a competitive vacation rental market. Buy-and-hold The property's condition score of 70/100 indicates it is in reasonable shape for a buy-and-hold strategy, yet the fair valuation suggests limited upside potential. Investors might consider alternative properties that may offer better appreciation prospects or higher yields in the long term. Not ideal for: Luxury market, Student housing Given the fair valuation of the property, it may not attract the luxury market segment, where properties typically command a premium. Additionally, the apartment's features and neighborhood ratings indicate it is not well-suited for student housing investment.
Tenant turnover risk: With a tenant stability score of 60/100, there's a notable risk of frequent tenant turnover, potentially impacting cash flow and increasing management costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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