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 house of 215 m², built in 1994, energy rating B. Located Marmelete parish, Monchique municipality, Faro district. Noteworthy Features: The expansive 106,500m² grounds include a private lake teeming with wildlife and a 63m² ruin offering potential for guest accommodation or expansion options.
The valuation. The asking price of €1,500,000 is significantly above the fair value of €671,287, representing an excessive 55.2% premium. This property is overpriced in the current market context.
Fair value modelled at €671,287 from the area baseline, adjusted for condition and location. Asking €1,500,000 sits €828,713 (55.2%) above — overpriced versus fair value.
Asking €1,500,000 versus the Marmelete, Monchique, Faro area baseline of €640,055 (€2,977/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 58/100 (Housing Market 60 · Amenities 60 · Economic 55 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Marmelete, Monchique, Faro
Area baseline €640,055 + condition +€10,750 + location +€20,482 = modelled fair value of €671,287 (€3,122/m²), a €828,713 (55.2%) gap versus the €1,500,000 asking price.
Short-term vacation rental The property’s listing price of €1,500,000 is significantly above its fair value of €671,287, resulting in a gap of 55.2%, indicating that it is overpriced. With a gross yield of 0% and a necessity for car-dependence in the area, this strategy is unlikely to generate profitable returns for short-term rentals. Long-term rental Given the property’s high listing price compared to its fair value, investing in a long-term rental strategy may not be viable as it is overpriced at €1,500,000 against the fair value of €671,287. The average neighbourhood rating of 58/100 further suggests that the market dynamics do not support sustainable rental income at this price point.
Economic and Tenant Instability The property faces a risk due to both economic and tenant stability scores being at 55, indicating potential fluctuations in rental income and increased vacancy rates.
