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, 1-bathroom country_house of 100 m², built in 1951, energy rating G. Located Mexilhoeira Grande parish, Portimão municipality, Faro district. Noteworthy Features: The property includes a traditional water well, providing a sustainable water source, and a stream that enhances its natural landscape and potential for agricultural use.
The valuation. The asking price of €320,000 is significantly above the fair value of €103,874, representing an overvaluation of €216,127 (67.5%). This property is therefore deemed overpriced. Buy-to-flip angle. A buy-to-flip strategy for this property would be challenging given its current condition and high asking price; substantial renovations would be needed to attract buyers. Buy-to-let angle. The projected rental income yields 0% due to the property’s poor condition and outdated features, making it unsuitable for reliable long-term or short-term rental.
Fair value modelled at €103,874 from the area baseline, adjusted for condition and location. Asking €320,000 sits €216,127 (67.5%) above — overpriced versus fair value.
Asking €320,000 versus the Mexilhoeira Grande, Portimão, Faro area baseline of €171,700 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 23/100 (Condition 20 · Materials 25 · Room dimensions 30). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 70 · Amenities 75 · Economic 60 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Mexilhoeira Grande, Portimão, Faro
Area baseline €171,700 + condition -€81,563 + location +€13,736 = modelled fair value of €103,874 (€1,039/m²), a €216,127 (67.5%) gap versus the €320,000 asking price.
Long-term rental The property in Mexilhoeira Grande presents a significant gap of 67.5% above its fair value of €103,874, which positions it as overpriced for long-term rental investment. Additionally, with a gross yield of 0% and a condition rating of 23/100, the prospects for securing reliable long-term tenants are severely compromised. Short-term vacation rental Given its overpriced status, with a listing price of €320,000, this property does not align with market expectations for short-term vacation rental returns. The lack of gross yield and below-average condition further diminish its attractiveness as a viable short-term rental option. Family rental The current valuation of €320,000 significantly exceeds the fair value estimate, categorizing it as overpriced for family rental purposes. Moreover, the property’s low condition score of 23/100 and lack of yield suggest that it may not provide the necessary appeal to families seeking quality rental homes. Not ideal for (Student housing, Luxury market, Buy-and-hold) Pricing is not supportive for any long-term wealth-building strategies or specific demographics like students or luxury tenants. The property’s fair value alignment and overall quality dissuade it from being a sound buy-and-hold investment.
Potential Economic Downturn There is a risk due to the economic stability score of 60/100, indicating potential vulnerability to economic fluctuations that could impact rental income.
