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 108 m², energy rating E. Located Azinhal parish, Castro Marim municipality, Faro district. Unique selling point: This property already has some structural interventions completed, providing a head start for renovations, ideal for those aiming to create a custom dream home. Renovation potential: The cluttered spaces filled with construction materials offer a blank canvas for revitalization, appealing to creative buyers seeking a project.
The valuation. The asking price of €150,000 is significantly above fair value at €84,186, placing it €65,814 (43.9%) over. This property is overpriced and would require a substantial justification to pursue a purchase.
Fair value modelled at €84,186 from the area baseline, adjusted for condition and location. Asking €150,000 sits €65,814 (43.9%) above — overpriced versus fair value.
Asking €150,000 versus the Azinhal, Castro Marim, Faro area baseline of €129,168 (€1,196/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 15/100 (Condition 12 · Materials 18 · Room dimensions 20). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 50/100 (Housing Market 50 · Amenities 40 · Economic 40 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Azinhal, Castro Marim, Faro
Area baseline €129,168 + condition -€101,250 + location +€0 = modelled fair value of €84,186 (€780/m²), a €65,814 (43.9%) gap versus the €150,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Azinhal · 4d435e | Subject | €150,000 | €1,389 | — | 12 | 50 |
| Monte Gordo · 001562 | Active | €225,000 | €2,647 | 90.6% | 45 | 70 |
| Azinhal · 65a72c | Active | €125,000 | €1,238 | 10.9% | 30 | 50 |
| Vila Nova de Cacela · 4b8757 | Active | €150,000 | €1,667 | 20.0% | — | 48 |
| rua 26 de Janeiro | Active | €145,000 | €1,835 | 32.2% | 42 | 58 |
| Median comp | €147,500 | €1,751 | 26.1% | 42 | 54 |
Long-term rental Given the current valuation of €150,000 against a fair value of €84,186, the property is overpriced, and its 0% gross yield indicates a poor investment for long-term rental. Additionally, the low condition rating of 15/100 and a neighborhood score of 50/100 suggest limited tenant appeal and potential difficulties in securing consistent occupancy. Buy-and-hold While the Buy-and-hold strategy might typically allow for appreciation over time, this property is currently overpriced by 43.9%, which hinders potential capital growth. The subpar condition and average neighborhood quality further detract from the long-term value proposition, making this an unfavorable option. Value-add renovation Although a renovation could potentially enhance its value, buying this house at €150,000 presents a significant risk given its current overvaluation compared to fair market value. Moreover, with a condition rating of only 15/100, substantial investment would be necessary, and the current neighborhood dynamics do not support a strong return on investment after improvements are made.
Economic Vulnerability The property has a low economic stability score of 40/100, indicating a significant risk of fluctuating market conditions that could impact tenant demand and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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