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, 2-bathroom house of 142 m², built in 1976. Located Castro Marim parish, Castro Marim municipality, Faro district. Noteworthy Features: This property includes an excellent patio for relaxation and offers separate entrances for both floors, enhancing its appeal for rental or dual living opportunities.
The valuation. The asking price of €450,000 is notably higher than the fair value of €372,392, representing an overpricing of €77,608 (17.2%). This discrepancy indicates the property may not represent a financially sound investment at its current listing. Buy-to-flip angle. Given the condition score of 49/100 and average materials, a buy-to-flip strategy may involve significant renovation costs to upgrade finishes and appeal to buyers, potentially improving resale prospects in the mixed neighborhood. Buy-to-let angle. With an estimated gross yield of 3.2% through family rentals at approximately €1,200/month, this property could generate steady income, albeit limited by its less desirable inland location in comparison to more tourist-centric areas.
Fair value modelled at €372,392 from the area baseline, adjusted for condition and location. Asking €450,000 sits €77,608 (17.2%) above — overpriced versus fair value.
Asking €450,000 versus the Castro Marim, Castro Marim, Faro area baseline of €346,764 (€2,442/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 (Condition 45 · Materials 50 · Room dimensions 55). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 55/100 (Housing Market 60 · Amenities 50 · Economic 40 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Castro Marim, Castro Marim, Faro
Area baseline €346,764 + condition -€58,797 + location +€8,455 = modelled fair value of €372,392 (€2,622/m²), a €77,608 (17.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Castro Marim · 6d5512 | Subject | €450,000 | €3,169 | — | 45 | 55 |
| Monte Gordo · 001562 | Active | €225,000 | €2,647 | 16.5% | 45 | 70 |
| urbanização Praia Verde | Active | €595,000 | €3,967 | 25.2% | — | 63 |
| Altura · 99f26e | Active | €990,000 | €5,625 | 77.5% | 60 | 57 |
| Altura · 00150f | Active | €495,000 | €3,056 | 3.6% | 78 | 54 |
| Median comp | €545,000 | €3,512 | 10.8% | 60 | 60 |
Family rental The property in Castro Marim, with a gap to fair value of 17.2%, is overpriced, making it less appealing for families looking for a long-term home. Its average condition rating of 49/100 and neighborhood score of 55/100 indicate that it may not attract quality tenants seeking family accommodations. Long-term rental This 2-bed house, listed at €450,000, reflects a gross yield of only 3.2%, suggesting it is overpriced for potential long-term rental investors. Given its below-average condition and neighborhood ratings, investors should be cautious about the stability of rental income in this area. Buy-and-hold As a buy-and-hold investment, the property poses risks due to its fair value being significantly lower than its asking price, marking it as overpriced. The modest yield of 3.2% combined with average conditions makes it less favorable for long-term wealth accumulation in an inland location like Castro Marim.
Low Economic Stability Risk The economic stability score of 40/100 indicates a high risk of economic downturns that may affect rental income and property value.
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