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, 1-bathroom apartment of 76 m² on the 3rd floor, built in 1977, energy rating E. Located on rua Jornal o Correio do Sul, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This apartment's strategic location offers daily life amenities within walking distance, enhancing convenience for residents while ensuring high investment potential due to constant demand in the area.
The valuation. The asking price of €249,000 is below the fair value of €281,306, representing a gap of €32,306 (11.5%). This indicates the property is subpriced and presents a compelling investment opportunity.
Fair value modelled at €281,306 from 6 comparable sales in the area. Asking €249,000 sits €32,306 (11.5%) below — the upside to fair value.
Asking €249,000 versus the rua Jornal o Correio do Sul area baseline of €253,510 (€3,336/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 €253,510, adjusted for condition and micro-location, gives a modelled fair value of €281,306 (€3,701/m²), a €32,306 (11.5%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Jornal o Correio do Sul | Subject | €249,000 | €3,276 | — | 65 | 54 |
| praceta Pintor Lyster Franco, 3 | Active | €275,000 | €3,438 | 4.9% | 70 | 73 |
| Conceição e Estoi · 3d99d0 | Active | €269,000 | €3,736 | 14.0% | 70 | 68 |
| Faro (Sé e São Pedro) · 4d4500 | Active | €287,500 | €4,228 | 29.0% | 68 | 62 |
| Conceição e Estoi · f5eb07 | Active | €269,000 | €3,789 | 15.6% | 75 | 63 |
| Median comp | €272,000 | €3,763 | 14.8% | 70 | 66 |
Long-term rental This 2-bed apartment in Faro offers a solid gross yield of 4.6%, making it an attractive option for long-term rental investments. With a fair value of €281,306 compared to its listing price of €249,000, the property is currently subvalued, presenting an opportunity for steady cash flow. Buy-and-hold Investing in this 76m² apartment allows you to take advantage of potential appreciation as the local property market stabilizes. Given the favorable gap versus fair value of 11.5%, this property could serve as a strategic addition to a buy-and-hold portfolio, ensuring value growth over time.
Low Economic Resilience The economic stability score of 40/100 indicates a vulnerable market, increasing the risk of fluctuations in rental demand and tenancy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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