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, 2-bathroom country_house of 206 m², built in 1950, energy rating D. Located on travessa do Castelo, Bordeira parish, Aljezur municipality, Faro district. Noteworthy Features: The property includes two flat rustic plots with direct road access, expanding possibilities for development or agricultural use, amidst the serene landscape of Costa Vicentina.
The valuation. The asking price of €460,000 is significantly above the fair value of €323,806, representing an overpricing of €136,194 (29.6%). This property is not a good investment at its current price given its market value implications.
Fair value modelled at €323,806 from the area baseline, adjusted for condition and location. Asking €460,000 sits €136,194 (29.6%) above — overpriced versus fair value.
Asking €460,000 versus the travessa do Castelo area baseline of €353,702 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 (Condition 60 · Materials 55 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 68/100 (Housing Market 68 · Amenities 65 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
travessa do Castelo
Area baseline €353,702 + condition -€55,363 + location +€25,467 = modelled fair value of €323,806 (€1,572/m²), a €136,194 (29.6%) gap versus the €460,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa do Castelo | Subject | €460,000 | €2,233 | — | 60 | 68 |
| travessa do Castelo | Active | €360,000 | €1,748 | 21.7% | — | 70 |
| Bordeira · 25f44f | Active | €460,000 | €3,333 | 49.3% | 55 | 64 |
| rua da Boavista, 1 | Active | €315,000 | €4,257 | 90.6% | 40 | 68 |
| rua Direita, 13 | Active | €470,000 | €4,845 | 117.0% | 36 | 70 |
| Median comp | €410,000 | €3,795 | 70.0% | 40 | 69 |
Short-term vacation rental Given the high demand for short-term rentals in Algarve during tourist season, this property could seem appealing. However, its current listing price of €460,000 significantly exceeds the fair value of €323,806, making it overpriced for this purpose. Buy-and-hold While purchasing this property for long-term appreciation might seem viable in a rising market, its valuation suggests it is currently overpriced. With a 0% gross yield and maintenance concerns indicated by a condition score of 58/100, holding this asset may not be a sound investment strategy at this price. Family rental This property’s proximity to amenities could attract long-term family tenants, but the price of €460,000 is not justified given its fair value of €323,806. The condition score of 58/100 and the inherent risk of price saturation in the area suggest that this investment would not yield satisfactory returns for family rental purposes.
Economic Vulnerability The economic stability score of 65 suggests potential susceptibility to market fluctuations that could impact rental income and property value.
