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, 2-bathroom apartment of 129 m² on the 3rd floor, built in 2018, energy rating B. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment includes two balconies, one equipped for barbecuing, enhancing outdoor living space and leisure opportunities in the desirable Algarve climate.
The valuation. The asking price of €460,000 sits slightly below the fair value of €470,975, indicating a deviation of 2.3%. This places the property at a reasonable valuation, aligned with market expectations.
Fair value modelled at €470,975 from 6 comparable sales in the area. Asking €460,000 sits €10,975 (2.3%) below — the upside to fair value.
Asking €460,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €381,797 (€2,960/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €381,797, adjusted for condition and micro-location, gives a modelled fair value of €470,975 (€3,651/m²), a €10,975 (2.3%) gap versus the €460,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 2cde1c | Subject | €460,000 | €3,566 | — | 85 | 53 |
| rua Doctor Olímpio Passos Valente, 13 | Active | €468,000 | €3,900 | 9.4% | 75 | 68 |
| rua Corina Freire, 11 | Active | €619,000 | €3,328 | 6.7% | 78 | 63 |
| rua José Saramago | Active | €420,000 | €3,000 | 15.9% | 75 | 63 |
| Faro (Sé e São Pedro) · 0014f6 | Active | €549,000 | €3,760 | 5.5% | 81 | 61 |
| Median comp | €508,500 | €3,544 | 0.6% | 77 | 63 |
Short-term vacation rental The property has a gross yield of 4.2%, indicating potential viability for short-term vacation rentals, especially given Algarve's popularity among tourists. However, the fair valuation suggests that while the rental strategy could be executed, the current price points towards it being a less favorable investment relative to its earnings potential. Buy-and-hold While the property is currently at fair value, long-term appreciation is uncertain due to the limited employment diversity in the area and the mixed neighborhood score of 53/100. This could restrict significant future gains, making the buy-and-hold strategy less compelling in the current market. Family rental The property appears adequately suited for family rental due to its size and neighborhood characteristics, but the 53/100 score indicates potential challenges in tenant quality and housing demand. Consequently, while it may attract families, the innate limitations of the neighborhood might hinder the overall investment appeal in this strategy.
Economic and Tenant Stability Risk The property has an economic stability score of 45/100 and a tenant stability score of 50/100, indicating potential challenges in attracting and retaining tenants due to instability in the local economy and higher likelihood of tenant turnover.
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