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, 4-bathroom apartment of 226 m², built in 1990, energy rating B. Located Faro (Sé e São Pedro) parish, Faro municipality, Faro district. The property boasts a hot tub in the outdoor area, enhancing relaxation options, and features upgraded marble finishes in select bathrooms, distinguishing it from typical mid-range residences.
The asking price of €797,000 is above our fair value estimate of €486,000, indicating a medium confidence in this valuation. The property is considered overpriced with a €311,000 gap that reflects a 39.0% downside versus the asking price. Rental yield. The estimated gross yield is 5.5%.
The fair value of this property is established through two main models. The Transaction model uses recent recorded sale prices in the parish of Faro (Sé e São Pedro), accounting for 55% of the fair value calculation. The Adjusted asking-price model, which makes adjustments to current listings, contributes the remaining 45%. Notably, no conservative adjustments were applied to this property. Therefore, the result shows that the asking price is above the fair value, standing at €797,000, which is 39.0% above the fair value of €486,000. Overall, the confidence level in this assessment is medium.
Gross yield 5.5% (before costs)
No specific strategy stands out for this property.
The asking price of €797,000 significantly exceeds the fair value of €486,000, indicating a 39.0% downside versus the asking price. This disparity suggests that while the condition of the 3-bed apartment is fair, rated at 70/100, and the neighborhood shows moderate characteristics with a score of 62/100, these factors do not justify the premium price. Investors should carefully consider this overvaluation alongside the property’s location in the Algarve, known for its tourism influence but also lower crime rates compared to urban centers.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has economic stability and tenant stability scores of 55/100 and 60/100 respectively, indicating a moderate risk of economic fluctuations and tenant turnover. Data quality risk The property listings present conflicting information, raising questions about the accuracy and reliability of the data. Fair value certainty risk The valuation is deemed fair at €486,000 with medium confidence, but the absence of micro-location transaction data introduces uncertainty about the accuracy of this figure.
Grade CFindings: 1
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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