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.
0-bedroom, 0-bathroom apartment of 94 m², built in 1994, energy rating C. Located on rua Doutor Manuel de Arriaga, 2, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features high-quality kitchen renovations with modern stainless steel appliances and a premium bathroom equipped with floating fixtures and large-format tiles, ensuring a contemporary living experience.
The asking price of €415,000 sits significantly above our fair value estimate of €303,000, indicating the property is overpriced by €112,000, equating to a 27.0% downside versus the asking price. The estimated gross yield is 4.6%.
The fair value of this property is determined by combining two models. The Transaction model, which considers real transaction data from 37 sales in the parish of Faro, contributes 55%. The Adjusted asking-price model, based on current listings, accounts for 45%. No conservative adjustments were applied to this property. As a result, the fair value is €303,000, indicating that the asking price is above the fair value by €112,000, or 27.0% downside versus the asking price. This analysis is based on high confidence.
Gross yield 4.6% (before costs)
No specific strategy stands out for this property.
The asking price of €415,000 significantly exceeds the fair value of €303,000, indicating a 27.0% downside versus the asking price. Although the property features a reasonable condition score of 72/100, the neighbourhood rating of 50/100 suggests potential challenges in terms of desirability. Investors should consider these factors carefully before proceeding with any interest in this property.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk Given both the economic and tenant stability scores are at 50/100, there is a significant risk that the local market may not provide a consistent demand for rental properties, potentially affecting the rental income of this property.
Grade BFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Models 3.4.3 (Data quality v3 · Valuation v4.1 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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