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.
4-bedroom, 4-bathroom house of 397 m², built in 1994, energy rating D. Located Marmelete parish, Monchique municipality, Faro district. Noteworthy Features: This property boasts unparalleled serene lakeside living with breathtaking panoramic views of the Bravura Dam from every room and extensive outdoor terraces for seamless connection to nature.
The valuation. The asking price of €1,500,000 exceeds the fair value of €1,285,723 by €214,277 (14.3%), indicating the property is overpriced. This discrepancy suggests limited investment appeal at the current list price.
Fair value modelled at €1,285,723 from the area baseline, adjusted for condition and location. Asking €1,500,000 sits €214,277 (14.3%) above — overpriced versus fair value.
Asking €1,500,000 versus the Marmelete, Monchique, Faro area baseline of €1,181,869 (€2,977/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 72 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Marmelete, Monchique, Faro
Area baseline €1,181,869 + condition +€9,305 + location +€94,550 = modelled fair value of €1,285,723 (€3,239/m²), a €214,277 (14.3%) gap versus the €1,500,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Marmelete · 99f3a5 | Subject | €1,500,000 | €3,778 | — | 72 | 70 |
| Mexilhoeira Grande · f36340 | Active | €795,000 | €4,344 | 15.0% | 70 | 73 |
| urbanização Vale da Telha | Active | €910,000 | €3,974 | 5.2% | 75 | 68 |
| urbanização Vale da Telha, 2 | Active | €595,000 | €2,755 | 27.1% | 70 | 63 |
| Aljezur · 93740b | Active | €900,000 | €3,061 | 19.0% | 72 | 61 |
| Median comp | €847,500 | €3,518 | 6.9% | 71 | 66 |
Short-term vacation rental The property is listed at €1,500,000, which is 14.3% above its fair value of €1,285,723. Given the current yield of 0% gross, this opportunity appears overpriced and may not deliver the expected returns. Buy-and-hold Investing in this property at €1,500,000 does not align with its fair value of €1,285,723, revealing a 14.3% gap that indicates it is overpriced. The lack of rental yield further diminishes its appeal as a buy-and-hold investment in a competitive market. Luxury market At a listing price of €1,500,000, this property stands 14.3% above its fair value of €1,285,723, suggesting it is overpriced within the luxury market segment. The general condition rating of 77/100 may not justify this premium for potential luxury buyers, limiting attractiveness in this high-end niche.
Economic and Tenant Stability Risk The property faces potential instability due to a moderate economic stability score of 65/100 and a tenant stability score of 60/100, indicating a risk of fluctuating rental income and tenant turnover.
