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 €302,192 (€1,717/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 €302,192 + 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.
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.
