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 boasts excellent natural light exposure and panoramic views from the balcony, enhancing its appeal for relaxation and leisure activities.
The valuation. The asking price of €350,000 is significantly below the fair value of €444,828, creating an opportunity with a difference of €94,828, or 27.1%. Verdict: underpriced. Buy-to-flip angle. A resale strategy could capitalize on the undervalued position, targeting a quick flip for appreciation during peak tourist demand, especially in summer. Buy-to-let angle. With an estimated gross yield of 3% and monthly rental income projected at €875, this property offers a sustainable buy-and-hold opportunity in a mixed neighborhood appealing to families and vacationers alike.
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 €187,153 (€1,717/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. Full condition report →
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. Full location report →
Altura, Castro Marim, Faro
Area baseline €187,153 + 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.
Short-term vacation rental This property is well-positioned for short-term vacation rentals given its location in the Algarve, where tourist demand peaks in summer. The 27.1% gap from fair value indicates significant upside potential for maximizing rental income in this thriving market. Buy-and-hold Acquiring this property as a buy-and-hold investment aligns with the favorable forecast for long-term appreciation, supported by a fair value of €444,828. With a current gross yield of 3%, it offers a steady cash flow while also capitalizing on market growth in the region. Family rental The property provides an attractive option for family rental due to its spacious layout of 109m² in a neighborhood rated 63/100. Given the 27.1% gap to fair value, there is room for appreciation, making it appealing for families seeking a stable living environment in the Algarve.
Economic Fluctuation Risk The economic stability score of 55 indicates potential vulnerability to economic downturns, which could negatively impact tenant retention and rental income.
