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.
6-bedroom, 1-bathroom house of 219 m², energy rating E. Located Alte parish, Loulé municipality, Faro district. Noteworthy Features: The expansive 1,163 m² plot offers significant outdoor space for potential landscaping, gardening, or leisure developments, enhancing both privacy and property value.
The valuation. The asking price of €229,000 is significantly below the fair value of €727,760, representing a discount of €498,760 (217.8%). Verdict: underpriced. Buy-to-flip angle. The property can be quickly renovated to enhance its appeal, targeting a resale price significantly above the acquisition cost in the thriving Algarve market. Buy-to-let angle. With a focus on long-term rentals, the property’s location and bed count permit competitive pricing, tapping into the Algarve's strong demand for housing while ensuring steady cash flow from tenants.
Fair value modelled at €727,760 from the area baseline, adjusted for condition and location. Asking €229,000 sits €498,760 (217.8%) below — the upside to fair value.
Asking €229,000 versus the Alte, Loulé, Faro area baseline of €787,743 (€3,597/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 46/100 (Condition 48 · Materials 50 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 60 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Alte, Loulé, Faro
Area baseline €787,743 + condition -€100,945 + location +€40,963 = modelled fair value of €727,760 (€3,323/m²), a €498,760 (217.8%) gap versus the €229,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alte · 25f4b1 | Subject | €229,000 | €1,046 | — | 48 | 63 |
| Alte · 09000d | Active | €320,000 | €3,299 | 215.5% | — | 56 |
| Alte · 1e605c | Active | €300,000 | €690 | 34.0% | 24 | 63 |
| Alte · 4a7d89 | Active | €650,000 | €3,333 | 218.8% | 68 | 72 |
| Alte · 023a7a | Active | €650,000 | €2,347 | 124.4% | — | 65 |
| Median comp | €485,000 | €2,823 | 170.0% | 46 | 64 |
Short-term vacation rental The property in Alte is subvalorizada by 217.8% compared to its fair value of €727,760, making it an attractive opportunity for those seeking to capitalize on the region's strong seasonal tourism. While it has a gross yield of 0% and a condition rating of 46/100, the neighbourhood's 63/100 rating suggests potential for rental income extraction during peak seasons. Buy-and-hold Considering its significant gap from fair value, this 6-bed house represents a strategic buy-and-hold investment that could appreciate over time due to the enduring demand for housing in the Algarve. The current yield and condition indicate immediate challenges, but the property’s value could be unlocked as the area's economic stability and amenities improve. Long-term rental This property, currently listed at €229,000, is positioned well for long-term rental given the burgeoning demand in the Algarve, complemented by its substantial fair value. Despite its low yield and moderate condition, the neighbourhood rating indicates a solid tenant demographic, suggesting steady rental prospects over time.
Economic Downturn Risk With an economic stability score of 60/100, there is a significant risk that fluctuations in the local economy could adversely affect property values and rental income stability.
