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.
4-bedroom, 7-bathroom country_house of 258 m², built in 2006, energy rating C. Located on beco da Alegria, Odiáxere parish, Lagos municipality, Faro district. Noteworthy Features: The property includes a well-maintained small pond, and the possibility for rural tourism development with an existing expired wine designation that can be renewed. Location Benefits: Elevated position offers panoramic sea and Serra de Monchique views.
The valuation. The asking price of €1,500,000 is significantly above fair value, which is estimated at €681,478, resulting in an overpriced valuation of €818,522 (54.6%). This property does not represent a financial opportunity.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco da Alegria | Subject | €1,500,000 | €5,814 | — | — | 73 |
| rua do Alecrim, 4 | Active | €3,200,000 | €8,399 | 44.5% | 85 | 70 |
| Mexilhoeira Grande · f35d95 | Active | €550,000 | €2,941 | 49.4% | 74 | 73 |
| urbanização Monte Canelas | Active | €1,580,000 | €5,163 | 11.2% | 80 | 71 |
| Odiáxere · f360bb | Active | €2,990,000 | €4,746 | 18.4% | — | 70 |
| Median comp | €2,285,000 | €4,955 | 14.8% | 80 | 71 |
Short-term vacation rental This property at €1,500,000 is significantly overpriced compared to its fair value of €681,478, indicating poor investment potential for short-term vacation rentals despite its location in a tourist-heavy area. With a low yield of 2.9% and a condition score of 0/100, the property fails to align with the expectations of short-term rental markets seeking profitability. Long-term rental Investing in this property for long-term rental purposes is not advisable, as it is overpriced by 54.6% compared to its fair value. The 2.9% gross yield and unfit condition further hinder its viability as a stable long-term rental investment in the Odiáxere area. Buy-and-hold This buy-and-hold strategy encounters a significant barrier, as the property is overpriced at €1,500,000 against a fair value of €681,478. The unattractive yield of 2.9% combined with a poor condition makes it unlikely that this property will appreciate sufficiently over time to justify its current asking price.
Economic Vulnerability The property faces an economic risk due to a moderate economic stability score of 65/100, suggesting potential fluctuations in market conditions that may affect returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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