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 186 m², energy rating B. Located on rua da Recova S / N, Santa Bárbara de Nexe parish, Faro municipality, Faro district. Noteworthy features: The apartment includes high-gloss tile flooring and marble-effect tiles, indicating a superior quality finish, while a spacious 50 m² closed garage enhances storage and parking convenience.
The valuation. The asking price of €470,000 is significantly below the fair value of €628,417, indicating an underpriced opportunity by €158,417 (25.2%). This disparity presents a promising potential for investment. Buy-to-flip angle. The resale strategy focuses on leveraging the renovated condition of the property, targeting a profitable flip by appealing to buyers seeking modern finishes. If marketed effectively, a sale in line with fair value could yield a substantial return. Buy-to-let angle. Though the gross yield currently stands at 0%, the potential for a short-term vacation rental strategy exists, given the attractive location in Santa Bárbara de Nexe. This could attract tourists and generate income once operational.
Fair value modelled at €628,417 from 6 comparable sales in the area. Asking €470,000 sits €158,417 (25.2%) below — the upside to fair value.
Asking €470,000 versus the rua da Recova S / N area baseline of €482,812 (€2,596/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €482,812, adjusted for condition and micro-location, gives a modelled fair value of €628,417 (€3,379/m²), a €158,417 (25.2%) gap versus the €470,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Recova S / N | Subject | €470,000 | €2,527 | — | 78 | 61 |
| Santa Bárbara de Nexe · 19074b | Active | €470,000 | €2,938 | 16.2% | 76 | 75 |
| Santa Bárbara de Nexe · 653054 | Active | €479,950 | €4,000 | 58.3% | 75 | 70 |
| Santa Bárbara de Nexe · c49871 | Active | €699,000 | €3,820 | 51.2% | 80 | 53 |
| caminho do Barranco | Active | €995,000 | €2,734 | 8.2% | 70 | 66 |
| Median comp | €589,475 | €3,379 | 33.7% | 76 | 68 |
Short-term vacation rental The property in Santa Bárbara de Nexe is currently listed at €470,000, which presents a buying opportunity as it is approximately 25.2% underpriced compared to its fair value of €628,417. Given the area's tourism influences, this 3-bed apartment could generate positive returns through short-term rentals, capitalizing on the region's appeal. Long-term rental At a listing price of €470,000, the property is well positioned in the market as it is underpriced by 25.2% relative to its fair value. The suburb's overall amenities and safety ratings enhance its attractiveness for long-term tenants, despite a low yield of 0% at the current price. Buy-and-hold With a fair value of €628,417, the property is listed at €470,000, reflecting a 25.2% opportunity for capital appreciation over time, making it a compelling buy-and-hold investment. The economic stability and community amenities in Santa Bárbara de Nexe suggest strong potential for value growth aligned with increasing demand in the housing market.
Economic Volatility Risk: With an economic stability score of 55/100, the property may be susceptible to fluctuations in local economic conditions, potentially affecting revenue streams.**
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