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 63 m² on the 3rd floor, built in 1972, energy rating F. Located on rua Jornal Correio do Sul, 16, Faro (Sé e São Pedro) parish, Faro municipality, Faro district. This apartment features a continuous balcony that runs along the entire unit, offering excellent outdoor space and sun exposure for relaxation or entertainment.
The asking price is above the fair value: the gap between the fair value and the asking price is €13,000, representing a 5.1% downside versus the asking price. The estimated gross yield is 4.2%.
The fair value of this property is derived from a blend of two models. The Transaction model uses real transaction data from recorded sales in Faro, accounting for 55% of the fair value assessment. Meanwhile, the Adjusted asking-price model applies, adjusted to reflect realistic sale prices, contributing 45%. Notably, no conservative adjustments were made for this property. Consequently, the fair value is established at €245,000, indicating that the asking price is above the fair value, with a calculated discrepancy of €13,000. The confidence level in this valuation is high.
Gross yield 4.2% (before costs)
No specific strategy stands out for this property.
The asking price of €258,000 is above the fair value of €245,000, indicating a 5.1% downside compared to the asking price, suggesting that the investment may not deliver the expected value relative to its cost. The property's condition is rated at 75/100, which is relatively good, but the neighborhood has a lower rating of 50/100, reflecting potential concerns regarding long-term desirability. Investors should critically assess these factors in relation to their investment objectives and market conditions.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property faces a significant risk due to both the economic stability and tenant stability scores being low at 50/100 each, indicating potential instability in both the market and rental income. Data quality risk The property listings show inconsistencies, raising concerns about the reliability of the information provided.
Grade DFindings: 1
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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