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.
5-bedroom, 1-bathroom country_house of 97 m², built in 1951, energy rating E. Located on rua Direita, 13, Bordeira parish, Aljezur municipality, Faro district. Noteworthy features: The property includes a secondary 41m² building currently utilized as a warehouse, providing additional storage potential or conversion opportunities for various uses.
The valuation. The asking price of €470,000 is significantly above the fair value of €130,312, reflecting an overpricing of €339,688, or 72.3%. This places the property well outside the reasonable market expectations.
Fair value modelled at €130,312 from the area baseline, adjusted for condition and location. Asking €470,000 sits €339,688 (72.3%) above — overpriced versus fair value.
Asking €470,000 versus the rua Direita, 13 area baseline of €166,549 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 42/100 (Condition 36 · Materials 44 · Room dimensions 52). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 70 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Direita, 13
Area baseline €166,549 + condition -€49,561 + location +€13,324 = modelled fair value of €130,312 (€1,343/m²), a €339,688 (72.3%) gap versus the €470,000 asking price.
Short-term vacation rental Due to the significant gap between the listing price of €470,000 and the fair value of €130,312, this property is not suitable for a short-term vacation rental strategy, leading to unfeasible investment calculations. With a gross yield of 0%, the potential for profitable returns in a tourism-reliant market like the Algarve is effectively negated. Buy-and-hold The property’s substantial overvaluation at €470,000 compared to its fair value of €130,312 makes a buy-and-hold strategy impractical, as the immediate capital requirement is excessively high. Given the current condition score of 42/100, long-term appreciation is unlikely to compensate for the entry price. Value-add renovation Investing in value-add renovation for this property is unadvisable since the listing price of €470,000 is significantly above its fair value of €130,312, leading to a 72.3% gap. Furthermore, with the property in only fair condition at 42/100, potential renovation costs would likely exacerbate the existing overvaluation issue.
Economic Vulnerability With an economic stability score of 60/100, there is a risk of economic downturn affecting property value and tenant retention.
