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 house of 60 m², built in 1961. Located on rua Francisco Bívar, Mexilhoeira Grande parish, Portimão municipality, Faro district. Unique feature: This property boasts a private rooftop terrace of 45 m², providing a secluded space perfect for relaxation, social gatherings, or possible conversions into a solarium. Condition note: The house retains a charming traditional character while allowing room for modern updates like creating an open-plan kitchen and living area.
The valuation. This property is priced at €179,000, which is €81,746 above its fair value of €97,254, reflecting a 45.7% markup. The valuation indicates that this listing is overpriced and may not provide a sound investment opportunity.
Fair value modelled at €97,254 from the area baseline, adjusted for condition and location. Asking €179,000 sits €81,746 (45.7%) above — overpriced versus fair value.
Asking €179,000 versus the rua Francisco Bívar area baseline of €179,400 (€2,990/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 (Condition 54 · Materials 58 · Room dimensions 64). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Francisco Bívar
Area baseline €179,400 + condition -€15,656 + location +€9,890 = modelled fair value of €97,254 (€1,621/m²), a €81,746 (45.7%) gap versus the €179,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Francisco Bívar | Subject | €179,000 | €2,983 | — | 54 | 74 |
| Mexilhoeira Grande · 25f6e2 | Active | €380,000 | €4,043 | 35.5% | 58 | 68 |
| estrada de Montes de Alvor S / N | Active | €420,000 | €3,621 | 21.4% | — | 74 |
| ladeira de Nora | Active | €695,000 | €6,619 | 121.9% | 65 | 72 |
| Mexilhoeira Grande · 956c8c | Active | €549,000 | €4,323 | 44.9% | 74 | 70 |
| Median comp | €484,500 | €4,183 | 40.2% | 65 | 71 |
Short-term vacation rental Despite the potential tourism appeal in the Algarve region, the property has a fair value of €97,254, making its listing price of €179,000 a significant 45.7% above fair value, indicating it is overpriced. The gross yield of 5.3% does not compensate for the inflated price, making this strategy less attractive. Long-term rental With the property listed at €179,000 and a fair value of only €97,254, the 45.7% gap suggests that the investment is overpriced, which undermines the potential for consistent rental income. While the neighbourhood's quality rating of 74/100 indicates decent demand, the high purchase price restricts profitable long-term rental prospects. Buy-and-hold The buy-and-hold strategy for this property is less advisable given its significant overpricing, with a listing at €179,000 compared to the fair value of €97,254, creating a 45.7% gap. Though the area benefits from economic stability through tourism, this inflated entry price limits long-term capital appreciation potential.
Economic Vulnerability With an economic stability score of 65/100, there is a moderate risk of market fluctuations affecting property values and rental income due to potential economic downturns.
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