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 apartment of 72 m², energy rating C. Located Altura parish, Castro Marim municipality, Faro district. Noteworthy Features: The apartment includes a convenient attic storage room and a secure private parking space in the basement, enhancing both organization and peace of mind for residents.
The valuation. The asking price of €305,000 is significantly above the fair value of €131,020, resulting in an excessive premium of €173,980 (57.0%). This property is clearly overpriced. Buy-to-flip angle. The strategy could involve improving the apartment's aesthetics to appeal to buyers, maximizing resale potential in a desirable tourist area. Quick renovations could allow for a profitable flip. Buy-to-let angle. With a gross yield of 2.5%, the projected rental income is around €635 per month, making it viable for a family rental or short-term vacation rental in this high-demand area.
Fair value modelled at €131,020 from the area baseline, adjusted for condition and location. Asking €305,000 sits €173,980 (57.0%) above — overpriced versus fair value.
Asking €305,000 versus the Altura, Castro Marim, Faro area baseline of €256,392 (€3,561/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 78 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 62/100 (Housing Market 60 · Amenities 65 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Altura, Castro Marim, Faro
Area baseline €256,392 + condition +€1,462 + location +€5,934 = modelled fair value of €131,020 (€1,820/m²), a €173,980 (57.0%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · 23f20c | Subject | €305,000 | €4,236 | — | 75 | 62 |
| Vila Nova de Cacela · bf28af | Active | €300,000 | €4,286 | 1.2% | 73 | 55 |
| avenida Manuel G. Rosa Mendes | Active | €290,000 | €3,766 | 11.1% | 65 | 61 |
| Vila Nova de Cacela · ba574c | Active | €199,900 | €4,998 | 18.0% | 65 | 63 |
| Altura · cfe217 | Active | €320,000 | €3,765 | 11.1% | 70 | 62 |
| Median comp | €295,000 | €4,026 | 5.0% | 68 | 62 |
Short-term vacation rental The property at €305,000, significantly exceeds its fair value of €131,020, indicating it is overpriced in the hot Algarve tourism market. With a gross yield of only 2.5%, the potential returns for short-term rentals do not justify the inflated asking price. Family rental Priced at €305,000, this apartment presents an excessive cost compared to its fair value of €131,020, making it unattractive for family rentals in the region. The relatively low yield of 2.5% reflects a poor investment opportunity given the current market conditions. Buy-and-hold This property is listed at €305,000, far above its fair value of €131,020, reflecting an overpriced market position that could hinder long-term investment strategy. The paltry 2.5% gross yield suggests that holding the property may not yield significant financial benefits over time. Not ideal for: Student housing, Luxury market, Industrial investment
Economic Vulnerability The economic stability score of 55/100 indicates potential vulnerabilities in the market, which could lead to fluctuations in rental demand and property value.
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