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 160 m², built in 2012, energy rating B. Located on travessa do Castelo, 1, Salir parish, Loulé municipality, Faro district. Noteworthy Features: The property boasts a versatile mezzanine with direct terrace access, ideal for an office or guest bedroom, along with a panoramic terrace offering nearly 360° views of Salir and the surrounding mountains.
The valuation. The asking price of €648,000 exceeds the fair value of €620,843 by €27,157, or 4.2%. This indicates that the property is overpriced compared to its market worth.
Fair value modelled at €620,843 from the area baseline, adjusted for condition and location. Asking €648,000 sits €27,157 (4.2%) above — overpriced versus fair value.
Asking €648,000 versus the travessa do Castelo, 1 area baseline of €213,600 (€1,335/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 (Condition 80 · Materials 85 · Room dimensions 82). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 61/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
travessa do Castelo, 1
Area baseline €213,600 + condition +€20,000 + location +€25,323 = modelled fair value of €620,843 (€3,880/m²), a €27,157 (4.2%) gap versus the €648,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa do Castelo, 1 | Subject | €648,000 | €4,050 | — | 80 | 61 |
| urbanização Nesthomes Salir | Active | €475,000 | €4,204 | 3.8% | 73 | 73 |
| rua Cova dos Porteiros, 1 | Active | €345,000 | €1,268 | 68.7% | 55 | 58 |
| autoestrada EM503, 416 | Active | €235,000 | €2,866 | 29.2% | — | 64 |
| Salir · 1e6038 | Active | €255,000 | €3,643 | 10.1% | 60 | 71 |
| Median comp | €300,000 | €3,255 | 19.6% | 60 | 68 |
Short-term vacation rental The current listing price of €648,000 for this property in Salir is above the fair value of €620,843, indicating its overpriced status by 4.2%. With a yield of 0% gross and a neighbourhood rating of 61/100, the prospects for profitable short-term vacation rental are diminished. Buy-and-hold Given the property’s overpriced condition at €648,000 compared to the fair value of €620,843, this investment strategy appears less attractive as it does not offer potential for appreciation. The lack of yield and moderate neighbourhood quality further suggest that holding this property over time may not yield desirable returns. Long-term rental At a price of €648,000, the property is overpriced relative to its fair value of €620,843, which limits its appeal for long-term rental strategies. The absence of rental yield and a neighbourhood score of 61/100 indicate that the potential for attracting quality tenants may be restricted, making this strategy less viable.
Economic Uncertainty The economic stability score of 55/100 indicates a moderate risk of market fluctuations affecting property values and rental demand negatively; coupled with a tenant stability score of 60/100, there may be an increased chance of tenant turnover, impacting cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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