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.
3-bedroom, 2-bathroom country_house of 93 m², energy rating F. Located Marmelete parish, Monchique municipality, Faro district. This property features a large attic with independent entrance and terrace, offering excellent potential for conversion into additional living space or rental opportunities.
The valuation. The asking price of €365,000 is significantly above the fair value of €278,125, indicating an overpriced property by €86,875 (23.8%). This discrepancy suggests buyers should approach with caution.
Fair value modelled at €278,125 from the area baseline, adjusted for condition and location. Asking €365,000 sits €86,875 (23.8%) above — overpriced versus fair value.
Asking €365,000 versus the Marmelete, Monchique, Faro area baseline of €276,861 (€2,977/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 68 · Materials 63 · Room dimensions 67). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 65 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Marmelete, Monchique, Faro
Area baseline €276,861 + condition -€14,241 + location +€15,504 = modelled fair value of €278,125 (€2,991/m²), a €86,875 (23.8%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Marmelete · 6d52dd | Subject | €365,000 | €3,925 | — | 68 | 64 |
| Marmelete · 90d980 | Active | €365,000 | €3,925 | 0% | — | 70 |
| Marmelete · 99f3a5 | Active | €1,500,000 | €3,778 | 3.7% | 72 | 70 |
| autoestrada N267, 1 | Active | €329,000 | €3,576 | 8.9% | 60 | 70 |
| rua Nova S / N | Active | €330,000 | €3,626 | 7.6% | 45 | 64 |
| Median comp | €347,500 | €3,702 | 5.7% | 60 | 70 |
Short-term vacation rental Despite the appeal of tourism in the Algarve, this property is overpriced at €365,000, which is 23.8% above its fair value of €278,125. With a gross yield of 0%, it lacks the financial viability necessary for a successful short-term rental investment. Buy-and-hold Holding this property as a long-term investment presents challenges, as it is valued significantly higher than its fair market price. The neighborhood's conditions, combined with a poor yield, indicate that this property is unlikely to appreciate in value sufficiently to warrant its current price. Family rental This property is not suitable for family rental given its high price point of €365,000, which exceeds its fair value by 23.8%. The mediocre condition and low yield suggest that it would struggle to attract families seeking affordable long-term rentals in the area.
Economic and Tenant Instability The combined economic and tenant stability scores of 60/100 indicate a moderate risk that fluctuations in the local economy and tenant retention may adversely affect rental income and property value.
