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, 3-bathroom house of 154 m², built in 2019, energy rating A+. Located on rua do Chabouco, Odeceixe parish, Aljezur municipality, Faro district. Noteworthy Features: The villa includes an independent annex designed for storing surfboards and sports equipment, emphasizing the property's proximity to outdoor recreational activities and the Vicentine Coast. Investment Potential: Currently rented for €1,300/month with a lease until July 31, 2027, ensuring a consistent income stream for investors.
The valuation. The asking price of €595,000 is significantly above the fair value of €307,465, reflecting an overvaluation of €287,535 (48.3%). This property cannot be regarded as a viable investment at its current price point.
Fair value modelled at €284,474 from the area baseline, adjusted for condition and location. Asking €595,000 sits €310,526 (52.2%) above — overpriced versus fair value.
Asking €595,000 versus the rua do Chabouco area baseline of €264,418 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx. Full condition report →
Neighbourhood score 61/100 (Housing Market 60 · Amenities 58 · Economic 55 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
rua do Chabouco
Area baseline €264,418 + condition +€8,422 + location +€11,634 = modelled fair value of €284,474 (€1,847/m²), a €310,526 (52.2%) gap versus the €595,000 asking price.
Long-term rental The property in Odeceixe, listed at €595,000, is significantly overpriced with a gap to fair value at 48.3%, suggesting a lack of potential for lucrative long-term rentals. The 0% gross yield further emphasizes that this investment is unlikely to generate adequate rental income to cover costs. Short-term vacation rental With moderate tourism influence in the Algarve region, the suggested purchase price of €595,000 remains excessively high, as it does not align with the fair value of €307,465. Given the absence of a gross yield and the neighborhood rating of 61/100, the prospects for a profitable short-term vacation rental are dim. Buy-and-hold The 3-bed house, currently priced at €595,000, is not positioned as a suitable buy-and-hold investment due to its 48.3% overvaluation relative to fair value. The property's lack of yield and the neighborhood's average ratings suggest that holding this asset could lead to stagnant appreciation and poor financial returns.
Economic Vulnerability The property faces economic risk due to a low economic stability score of 55/100, indicating potential fluctuations in market conditions that could affect tenant demand and rental income.
