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, 0-bathroom country_house of 87 m², energy rating D. Located São Bartolomeu de Messines parish, Silves municipality, Faro district. Noteworthy Features: This property includes a fully fenced 280 m² rustic land with a versatile wooden studio, enhancing privacy and outdoor usage possibilities for guests or workspace.
The valuation. The asking price of €389,000 is significantly higher than the fair value of €73,460, representing a €315,540 (81.1%) premium. This property is clearly overpriced. Buy-to-flip angle. A resale strategy could involve targeting investors looking for vacation properties at a competitive price point to capitalize on its proximity to Algarve tourist hotspots. Quick renovations could enhance appeal and profit margins. Buy-to-let angle. With an estimated rental income of €584/month, this property offers a gross yield of only 1.8%. The strategy would focus on short-term vacation rentals or long-term tenant options, leveraging the low crime rates in the area for tenant security.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Bartolomeu de Messines · 2620b2 | Subject | €389,000 | €4,471 | — | — | 71 |
| São Bartolomeu de Messines · 261ec9 | Active | €389,000 | €4,471 | 0% | 75 | 68 |
| São Bartolomeu de Messines · cfdd67 | Active | €399,000 | €5,051 | 13.0% | — | 62 |
| autoestrada N124 | Active | €499,000 | €4,664 | 4.3% | — | 70 |
| São Bartolomeu de Messines · 6d559b | Active | €175,000 | €1,733 | 61.2% | 62 | 67 |
| Median comp | €394,000 | €4,568 | 2.2% | 69 | 68 |
Short-term vacation rental The current listing price of €389,000 reflects a significant 81.1% gap from the fair value of €73,460, indicating that the property is overpriced for this strategy. Additionally, with a low gross yield of 1.8% and a condition rating of 0/100, potential returns from short-term rentals may not justify the investment. Buy-and-hold Investing in this property for a buy-and-hold strategy is unwarranted given its substantial overvaluation at €389,000 compared to the fair value of €73,460, signaling that the property is overpriced. Coupled with a low yield of 1.8% and poor condition, long-term appreciation prospects appear dim under current pricing. Retirement rental The property, priced at €389,000, is overpriced by 81.1% against a fair value of €73,460, making it an unsuitable choice for retirement rental investment. With only a 1.8% gross yield and significant renovation needs reflected in its 0/100 condition rating, it fails to provide a reliable income source for retiring investors.
Tenant turnover risk High tenant turnover is possible due to both the economic stability and tenant stability scores sitting at 65/100, indicating potential fluctuations in occupancy rates.
