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.
1-bedroom, 1-bathroom apartment of 56 m², built in 1951, energy rating G. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. Noteworthy Feature: The apartment offers a private balcony that provides outdoor space for relaxation and entertaining, enhancing the living experience in a vibrant neighborhood of Faro.
The valuation. The asking price of €110,000 is significantly below the fair value of €143,568, indicating that this property is underpriced by €33,568 (23.4%). This presents a favorable opportunity for potential investors.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 0ac5ff | Subject | €110,000 | €1,964 | — | — | 69 |
| rua Luís de Camões, 8 | Active | €275,000 | €2,254 | 14.8% | 55 | 63 |
| Faro (Sé e São Pedro) · 4a819b | Active | €325,000 | €1,806 | 8.1% | 80 | 63 |
| avenida Professor Doutor Adelino da Palma Carlos, 1 | Active | €280,000 | €3,011 | 53.3% | 72 | 73 |
| Faro (Sé e São Pedro) · f14d6c | Active | €265,000 | €2,524 | 28.5% | — | 66 |
| Median comp | €277,500 | €2,389 | 21.6% | 72 | 65 |
Short-term vacation rental The property presents a compelling opportunity as a short-term vacation rental, especially given its 10.2% gross yield and location in the tourist-heavy Algarve region. The 23.4% gap to fair value of €143,568 indicates potential for rental income growth in a market that thrives on tourism. Long-term rental With a fair value substantially higher than the listing price, the property is positioned well for a long-term rental strategy, benefiting from the region’s appeal to both tourists and long-term residents. A gross yield of 10.2% further enhances its attractiveness as a reliable income-generating asset in a promising location. Value-add renovation The significant difference between the listing price and fair value highlights a potential value-add opportunity through renovation, transforming the property's current condition of 0/100 into a more desirable living space. This strategy could not only improve tenant quality but also significantly elevate the overall market value, capitalizing on the local demand for improved rental properties.
Economic Uncertainty With an economic stability score of 60/100, there's a risk of fluctuations in local market conditions that could impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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