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.
2-bedroom, 2-bathroom apartment of 109 m², built in 2003, energy rating E. Located Altura parish, Castro Marim municipality, Faro district. Noteworthy Features: The apartment includes a spacious balcony that offers panoramic views and excellent exposure to natural light, enhancing the overall living experience.
The valuation. The asking price of €350,000 is significantly above the fair value of €182,238, resulting in an overpriced verdict of €167,762 (47.9%). This discrepancy highlights concerns regarding the property's financial viability.
Fair value modelled at €182,238 from the area baseline, adjusted for condition and location. Asking €350,000 sits €167,762 (47.9%) above — overpriced versus fair value.
Asking €350,000 versus the Altura, Castro Marim, Faro area baseline of €388,149 (€3,561/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 70 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Altura, Castro Marim, Faro
Area baseline €388,149 + condition -€14,647 + location +€9,732 = modelled fair value of €182,238 (€1,672/m²), a €167,762 (47.9%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · 4bbc8d | Subject | €350,000 | €3,211 | — | 70 | 63 |
| Altura · cfe217 | Active | €320,000 | €3,765 | 17.2% | 70 | 62 |
| rua Duque de Terceira, 35 | Active | €330,000 | €3,143 | 2.1% | — | 60 |
| urbanização Orlamar, 3 | Active | €355,000 | €4,733 | 47.4% | 58 | 56 |
| Vila Nova de Cacela · 6fbc41 | Active | €300,000 | €1,987 | 38.1% | 62 | 56 |
| Median comp | €325,000 | €3,454 | 7.6% | 62 | 58 |
Short-term vacation rental The property is priced at €350,000, which reflects a significant 47.9% gap above its fair value of €182,238, signaling an overpriced market position. The gross yield of 3% in a neighbourhood with a 63/100 rating suggests that short-term vacation rental returns will be limited and potentially impacted by high purchase costs. Buy-and-hold With a fair value gap of 47.9% indicating overpricing, investing in this property for a buy-and-hold strategy may not yield the desired returns in the long term. The neighbourhood's average condition score of 66/100 highlights potential maintenance challenges further complicating long-term appreciation. Family rental Given its considerable overpricing with a fair value of €182,238, this property may struggle to deliver attractive rental prospects for families seeking affordability. Additionally, both the condition score of 66/100 and the neighbourhood rating of 63/100 indicate that it may not meet the standards desired by family renters. Not ideal for: Student housing, Luxury market, Long-term rental
Potential Vacancy Risk The economic stability score of 55/100 suggests potential challenges in attracting and retaining tenants, which could lead to increased vacancy rates.
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