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.
0-bedroom, 2-bathroom mix_use_building of 149 m², built in 1977. Located Castro Marim parish, Castro Marim municipality, Faro district. Noteworthy Features: This property offers a unique opportunity for adaptive reuse, having previously operated as both residential and commercial spaces, enhancing its versatility for redevelopment.
The valuation. The asking price of €177,000 is significantly below the fair value of €355,273, making the property subpriced by €178,273 (100.7%). This presents a strong investment opportunity for prospective buyers.
Fair value modelled at €355,273 from the area baseline, adjusted for condition and location. Asking €177,000 sits €178,273 (100.7%) below — the upside to fair value.
Asking €177,000 versus the Castro Marim, Castro Marim, Faro area baseline of €443,573 (€2,977/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 33/100 (Condition 25 · Materials 30 · Room dimensions 45). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 56/100 (Housing Market 60 · Amenities 55 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Castro Marim, Castro Marim, Faro
Area baseline €443,573 + condition -€98,945 + location +€10,646 = modelled fair value of €355,273 (€2,384/m²), a €178,273 (100.7%) gap versus the €177,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Castro Marim · 8d9fd4 | Subject | €177,000 | €1,188 | — | 25 | 56 |
| Castro Marim · 6d5512 | Active | €450,000 | €3,169 | 166.8% | 45 | 55 |
| Monte Gordo · 001562 | Active | €225,000 | €2,647 | 122.8% | 45 | 70 |
| rua Duque de Terceira, 35 | Active | €330,000 | €3,143 | 164.6% | — | 60 |
| Monte Gordo · 41ff9a | Active | €295,000 | €3,073 | 158.7% | 67 | 55 |
| Median comp | €312,500 | €3,108 | 161.6% | 45 | 58 |
Long-term rental The property presents an attractive long-term rental opportunity given its substantial gap of 100.7% below fair value, indicating strong potential for future appreciation. Although the gross yield is currently 0%, the location in the Algarve suggests that demand may rise over time as tourism develops further. Short-term vacation rental Due to its favorable pricing relative to fair value, this property could serve as a profitable short-term vacation rental in the popular Algarve region. With its unique mix-use aspect and local tourist appeal, it has the potential to attract visitors seeking regional experiences despite a low initial condition score of 33/100. Buy-and-hold This underpriced property is a suitable buy-and-hold investment, given its current valuation offers room for significant equity growth over time. While the condition is below average at 33/100, the long-term appreciation potential in an emerging tourist area like Castro Marim remains promising for savvy investors.
Economic Vulnerability With an economic stability score of 50/100, there is a significant risk of fluctuating market conditions impacting rental income and property value.
