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 house of 176 m², energy rating E. Located Altura parish, Castro Marim municipality, Faro district. This property features an operational Snack Bar, enhancing its commercial viability and potential as a tourism investment within close proximity to the Algarve's best beaches.
The valuation. The asking price of €990,000 is significantly above the fair value of €258,403, representing an overpricing of €731,597 (73.9%). This discrepancy indicates an inflated market value not supported by the property’s condition or location.
Fair value modelled at €258,403 from the area baseline, adjusted for condition and location. Asking €990,000 sits €731,597 (73.9%) above — overpriced versus fair value.
Asking €990,000 versus the Altura, Castro Marim, Faro area baseline of €626,736 (€3,561/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 56/100 (Condition 60 · Materials 55 · Room dimensions 56). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 57/100 (Housing Market 50 · Amenities 55 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Altura, Castro Marim, Faro
Area baseline €626,736 + condition -€52,250 + location +€8,461 = modelled fair value of €258,403 (€1,468/m²), a €731,597 (73.9%) gap versus the €990,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · 99f26e | Subject | €990,000 | €5,625 | — | 60 | 57 |
| urbanização Orlamar | Active | €650,000 | €5,702 | 1.4% | — | 54 |
| urbanização Praia Verde | Active | €595,000 | €3,967 | 29.5% | — | 63 |
| Castro Marim · 6d5512 | Active | €450,000 | €3,169 | 43.7% | 45 | 55 |
| Vila Nova de Cacela · 49b922 | Active | €400,000 | €3,252 | 42.2% | 65 | 53 |
| Median comp | €522,500 | €3,610 | 35.8% | 55 | 55 |
Short-term vacation rental The property, with a gross yield of only 1.4%, does not justify the €990,000 listing price, especially when fair value is estimated at €258,403, indicating a significant 73.9% gap. Given the seasonal economic activity in the Algarve and a neighborhood rating of 57/100, potential returns from short-term rentals appear unlikely to cover the investment risk. Long-term rental At a gross yield of 1.4%, the property is overpriced compared to its fair value of €258,403, suggesting limited profitability for long-term rental strategies. Furthermore, with a condition score of 56/100 and a neighborhood rating of 57/100, this property lacks the necessary appeal to attract quality tenants in a competitive rental market. Student housing The current offering is unsuitable for student housing, as the fair value of €258,403 and an overpriced listing of €990,000 do not align with the affordability needs of students. Additionally, the relatively low neighborhood rating and condition score further diminish the attractiveness of this property for a student housing strategy.
Economic Vulnerability The property is at risk due to a low economic stability score of 45/100, indicating potential for economic downturns that could affect rental income.
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