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, 1-bathroom house of 130 m², built in 1951. Located on rua Direita, Bordeira parish, Aljezur municipality, Faro district. Unique Historical Significance: This property, previously a wine cellar and dance hall, retains original wooden beams and stone walls reflecting the village's rich cultural heritage, awaiting restoration. Investment Opportunity: Located in a sought-after area with limited supply, perfect for creating a distinctive residence or local accommodations.
The valuation. The asking price of €240,000 is significantly above the fair value of €131,134, representing an overvaluation of €108,866 (45.4%). This property is overpriced based on current market conditions. Buy-to-flip angle. Given the condition rating of 20/100 and dated materials, a renovate-and-flip strategy would require a substantial investment to achieve competitive resale value in the seasonal market. The potential profit hinges on effective renovations and timing. Buy-to-let angle. With a gross yield of 0%, the property currently generates no rental income due to its condition. However, given the tourism-focused location, a short-term rental strategy could leverage seasonal demand for potential income following necessary improvements.
Fair value modelled at €131,134 from the area baseline, adjusted for condition and location. Asking €240,000 sits €108,866 (45.4%) above — overpriced versus fair value.
Asking €240,000 versus the rua Direita area baseline of €223,210 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 20/100 (Condition 15 · Materials 18 · Room dimensions 25). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 80 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Direita
Area baseline €223,210 + condition -€111,719 + location +€19,642 = modelled fair value of €131,134 (€1,009/m²), a €108,866 (45.4%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Direita | Subject | €240,000 | €1,846 | — | 15 | 72 |
| Bensafrim e Barão de São João · 956812 | Active | €460,000 | €3,358 | 81.9% | — | 74 |
| Bensafrim e Barão de São João · 99f40d | Active | €310,000 | €1,422 | 23.0% | 42 | 65 |
| rua da Boavista, 1 | Active | €315,000 | €4,257 | 130.6% | 40 | 68 |
| rua da Igreja | Active | €215,000 | €3,981 | 115.7% | 40 | 73 |
| Median comp | €312,500 | €3,670 | 98.8% | 40 | 71 |
Short-term vacation rental This property, listed at €240,000, is significantly overpriced compared to its fair value of €131,134, indicating a disparity that could hinder profitable short-term rental returns. With a gross yield of 0%, the high listing price undercuts the potential for returns in a neighborhood known for seasonal tourism. Long-term rental At a price point of €240,000, this property is overpriced relative to its fair value of €131,134, suggesting a limited opportunity for long-term rental profitability. The current condition score of 20/100 may deter potential renters, further complicating long-term investment viability. Buy-and-hold With a fair value of €131,134 compared to its listing of €240,000, this buy-and-hold strategy faces significant challenges due to overpricing. The 0% gross yield and poor condition rating are likely to diminish the expected long-term appreciation of the property in a neighborhood that shows some tourist appeal.
Economic Vulnerability The economic stability score of 65/100 suggests a moderate risk of fluctuations that could affect property values over time.
