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 137 m², energy rating A. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Features: This exceptional apartment includes a Local Accommodation License, ensuring seamless short-term rental operations and a stable investment in a prime location just minutes from Faro marina.
The valuation. The asking price of €390,000 sits €60,368 below the fair value of €450,368, representing a 13.4% discount. This property is currently underpriced, offering an attractive entry point for potential investors.
Fair value modelled at €450,368 from 6 comparable sales in the area. Asking €390,000 sits €60,368 (13.4%) below — the upside to fair value.
Asking €390,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €349,049 (€2,548/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €349,049, adjusted for condition and micro-location, gives a modelled fair value of €450,368 (€3,287/m²), a €60,368 (13.4%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · e5500f | Subject | €390,000 | €2,847 | — | 90 | 61 |
| rua José Saramago | Active | €420,000 | €3,000 | 5.4% | 75 | 63 |
| rua António Carrusca Rodrigues, 6 | Active | €750,000 | €3,440 | 20.9% | 82 | 60 |
| Faro (Sé e São Pedro) · 65303a | Active | €250,000 | €3,247 | 14.1% | 72 | 68 |
| Faro (Sé e São Pedro) · 2cde1c | Active | €460,000 | €3,566 | 25.3% | 85 | 53 |
| Median comp | €440,000 | €3,344 | 17.5% | 79 | 62 |
Short-term vacation rental The property is positioned well for short-term vacation rentals given its attractive pricing at €390,000 compared to the fair value of €450,368, representing a 13.4% gap. The gross yield of 3.9% indicates a strong potential for income generation in a market influenced by Algarve's robust tourism. Buy-and-hold Investing in this property for a buy-and-hold strategy is favorable, as it is currently subvalued at €390,000 against a fair market value of €450,368. With a solid gross yield of 3.9%, this apartment can provide steady returns while benefiting from potential appreciation in the Algarve housing market. Family rental Considering the apartment's fair pricing at €390,000 relative to a fair value of €450,368, it is a suitable option for family rental purposes. The combination of a gross yield of 3.9% and the low crime rates in the area enhance the appeal for families seeking a secure and stable living environment.
Economic and Tenant Instability Risk The property faces a significant risk due to its low economic stability score of 50/100 and tenant stability score of 50/100, indicating a volatile market and potential for high tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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