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, 1-bathroom house of 54 m². Located on rua da Igreja, Vila do Bispo e Raposeira parish, Vila do Bispo municipality, Faro district. Noteworthy Features: The property's outdoor area boasts potential for creating a charming garden, complemented by an East/West solar orientation that maximizes natural light throughout the day.
The valuation. The asking price of €215,000 significantly exceeds the fair value of €73,404 by €141,596 (65.9%). This property is overpriced and does not present a financially sound investment opportunity based on current market conditions.
Fair value modelled at €73,404 from the area baseline, adjusted for condition and location. Asking €215,000 sits €141,596 (65.9%) above — overpriced versus fair value.
Asking €215,000 versus the rua da Igreja area baseline of €145,314 (€2,691/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 42/100 (Condition 40 · Materials 45 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua da Igreja
Area baseline €145,314 + condition -€27,844 + location +€8,530 = modelled fair value of €73,404 (€1,359/m²), a €141,596 (65.9%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Igreja | Subject | €215,000 | €3,981 | — | 40 | 73 |
| Bordeira · 023c3c | Active | €315,000 | €4,257 | 6.9% | 42 | 74 |
| Luz · dee3e1 | Active | €415,000 | €4,415 | 10.9% | — | 67 |
| rua da Boavista, 1 | Active | €315,000 | €4,257 | 6.9% | 40 | 68 |
| Luz · ba5a4a | Active | €160,000 | €2,388 | 40.0% | 18 | 72 |
| Median comp | €315,000 | €4,257 | 6.9% | 40 | 70 |
Short-term vacation rental The property is significantly overpriced at €215,000 compared to its fair value of €73,404, which presents a 65.9% gap and negates any potential for profit in a short-term vacation rental strategy. With a yield of 0% gross and a condition rating of only 42/100, the investment lacks the necessary fundamentals to attract tourists looking for quality accommodations. Long-term rental Given the substantial overpricing of the property at €215,000, relative to the fair value of €73,404, it is likely to deter long-term tenants seeking reasonable rents. Additionally, the property's poor condition rating of 42/100 suggests ongoing maintenance costs will further diminish any potential returns, making it an unsuitable long-term rental investment. Buy-and-hold With a significant overvaluation of 65.9% compared to the fair value, this property does not support a buy-and-hold strategy as the investment is unlikely to appreciate in value to justify its current asking price of €215,000. Furthermore, the property's low yield of 0% gross and below-average condition rating of 42/100 indicate it is not a sound investment for long-term market growth.
Economic vulnerability The economic stability score of 65/100 indicates a moderate risk of economic fluctuations that could impact rental income.
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