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, 2-bathroom house of 225 m², built in 1950. Located Mexilhoeira Grande parish, Portimão municipality, Faro district. Noteworthy Features: This property includes a substantial 2.9-hectare lot with flat areas suitable for agricultural use and a scenic elevated section offering views of the mountainous landscape.
The valuation. The asking price of €350,000 is significantly above the fair value of €237,517, indicating that the property is overpriced by €112,483, or 32.1%. This discrepancy raises concerns about the investment viability.
Fair value modelled at €237,517 from the area baseline, adjusted for condition and location. Asking €350,000 sits €112,483 (32.1%) above — overpriced versus fair value.
Asking €350,000 versus the Mexilhoeira Grande, Portimão, Faro area baseline of €616,725 (€2,741/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 25/100 (Condition 20 · Materials 30 · Room dimensions 35). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 67/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Mexilhoeira Grande, Portimão, Faro
Area baseline €616,725 + condition -€175,078 + location +€26,270 = modelled fair value of €237,517 (€1,056/m²), a €112,483 (32.1%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Mexilhoeira Grande · ba5bf2 | Subject | €350,000 | €1,556 | — | 20 | 67 |
| rua Joaquim Victor Correia Valarinho | Active | €190,000 | €3,167 | 103.6% | 18 | 72 |
| Monchique · 0dcc34 | Active | €150,000 | €1,339 | 13.9% | — | 63 |
| largo da Ribeira, 3 | Active | €260,000 | €1,667 | 7.1% | 25 | 73 |
| rua de Poço Fundo | Active | €370,000 | €746 | 52.0% | 20 | 73 |
| Median comp | €225,000 | €1,503 | 3.4% | 20 | 73 |
Short-term vacation rental The property is overpriced at €350,000, with a fair value of €237,517, indicating a significant gap of 32.1%. While it boasts a gross yield of 9.9%, the high price limits potential profitability in the competitive vacation rental market. Buy-and-hold Investing in this property as a buy-and-hold option is not advisable, given its substantial pricing above fair value. The condition score of 25/100 further suggests that ongoing maintenance costs could diminish the already limited returns. Family rental This property may not be suitable for a family rental strategy, as its current valuation indicates an overpriced asset. The insufficient condition and seasonal economic volatility in the area could deter potential long-term tenants seeking stable living conditions.
Economic and Tenant Instability The combined scores of 65 for economic stability and 60 for tenant stability indicate a significant risk of potential vacancies and fluctuating rental income.
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