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 73 m², built in 2001, energy rating D. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features a contemporary kitchen with a stylish mosaic backsplash and stainless steel appliances, enhancing both functionality and aesthetic appeal in a well-lit open living area.
The valuation. The asking price of €328,000 sits €31,475 below its fair value of €359,475, marking an 8.8% difference. This property is considered to be priced fairly within the current market context. Buy-to-flip angle. With consistent upgrades, the potential resale strategy targets buyers attracted to modern amenities, aiming for a swift turnover once improvements are finalized. Quick sales in this area could yield attractive returns. Buy-to-let angle. The estimated monthly rental income of €957 translates to a gross yield of 3.5%, making it a stable option for long-term tenants. The proximity to tourism hotspots boosts demand for rentals in this region, ensuring steady occupancy rates.
Fair value modelled at €359,475 from 6 comparable sales in the area. Asking €328,000 sits €31,475 (8.8%) below — the upside to fair value.
Asking €328,000 versus the Faro (Sé e São Pedro), Faro, Faro area baseline of €313,574 (€4,296/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €313,574, adjusted for condition and micro-location, gives a modelled fair value of €359,475 (€4,924/m²), a €31,475 (8.8%) gap versus the €328,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Faro (Sé e São Pedro) · 0acfe4 | Subject | €328,000 | €4,493 | — | 84 | 60 |
| rua Ataide de Oliveira S / N | Active | €307,000 | €4,873 | 8.5% | 85 | 72 |
| avenida 5 de Outubro | Active | €280,000 | €5,283 | 17.6% | 78 | 61 |
| Faro (Sé e São Pedro) · 375118 | Active | €675,000 | €8,438 | 87.8% | 78 | 65 |
| rua Ataide de Oliveira | Active | €408,000 | €4,976 | 10.7% | 73 | 62 |
| Median comp | €357,500 | €5,130 | 14.2% | 78 | 64 |
Long-term rental The property offers a fair market yield of 3.5%, indicating stable rental returns in the context of Faro's market. However, with a fair value slightly higher than the listing price, returns are unlikely to significantly enhance long-term investment growth. Short-term vacation rental Given the proximity to tourist areas like Albufeira, the potential for short-term rentals is decent, although the current fair valuation limits upside forecasting. The 80/100 condition rating supports a reasonable expectation for guest satisfaction, but profitability may be constrained by the property's pricing. Buy-and-hold Holding the property could yield moderate returns due to its fair pricing in a stabilized market influenced by tourism. While the 3.5% yield is acceptable, the growth trajectory may be limited by the current fair market assessment and average neighborhood evaluation.
Weak Tenant Stability Risk Tenants rated at 50/100 indicate a significant risk of turnover, potentially leading to increased vacancy periods and loss of rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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