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.
10-bedroom, 8-bathroom country_house of 449 m², energy rating C. Located Odiáxere parish, Lagos municipality, Faro district. Noteworthy Features: The property includes several annexes with a licensed conversion for local accommodation and offers extensive horse enclosures alongside a well-maintained swimming pool area.
The valuation. The asking price of €2,900,000 is significantly above the fair value of €1,684,305, representing an overvaluation of €1,215,695 (41.9%). This property is overpriced relative to its assessed market value.
Fair value modelled at €1,684,305 from the area baseline, adjusted for condition and location. Asking €2,900,000 sits €1,215,695 (41.9%) above — overpriced versus fair value.
Asking €2,900,000 versus the Odiáxere, Lagos, Faro area baseline of €1,316,468 (€2,932/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 80 · Room dimensions 74). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 68/100 (Housing Market 70 · Amenities 70 · Economic 55 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Odiáxere, Lagos, Faro
Area baseline €1,316,468 + condition +€3,508 + location +€112,889 = modelled fair value of €1,684,305 (€3,751/m²), a €1,215,695 (41.9%) gap versus the €2,900,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Odiáxere · da266b | Subject | €2,900,000 | €6,459 | — | 72 | 68 |
| travessa da Azenha, 28A | Active | €4,650,000 | €10,333 | 60.0% | 80 | 73 |
| rua do Alecrim, 4 | Active | €3,200,000 | €8,399 | 30.0% | 85 | 70 |
| beco da Alegria | Active | €1,500,000 | €5,814 | 10.0% | — | 73 |
| Odiáxere · f360bb | Active | €2,990,000 | €4,746 | 26.5% | — | 70 |
| Median comp | €3,095,000 | €7,107 | 10.0% | 83 | 72 |
Short-term vacation rental Given the high asking price of €2,900,000 for this property, which significantly exceeds its fair value of €1,684,305, the potential returns are severely compromised with a gross yield of 0%. This suggests that the property is not suited for short-term vacation rental investments in a region where tourism is prevalent but employment opportunities are seasonal. Buy-and-hold Investing in this property as a long-term buy-and-hold strategy does not align with the current market dynamics, particularly since it is overpriced by 41.9%. The lack of appreciation potential, alongside a fair value significantly lower than the market listing, indicates that holding this asset would likely yield disappointing results. Value-add renovation Although renovations could enhance the appeal of this country house, the current market valuation of €2,900,000 suggests a substantial financial risk, as it exceeds the property’s fair value by 41.9%. Consequently, there is limited upside potential post-renovation, which diminishes the attractiveness of pursuing a value-add strategy in this context.
Economic vulnerability The economic stability score of 55/100 suggests potential risks due to fluctuations in the local economy that may affect tenant demand and rental income.
