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.
0-bedroom, 1-bathroom mix_use_building of 8228 m², built in 2028. Located Altura parish, Castro Marim municipality, Faro district. Noteworthy Features: The Mares Building features extensive outdoor areas designed for leisure and social interaction, enhancing community living just 500 meters from the beach.
The valuation. The asking price of €5,219,917 matches the fair value perfectly, indicating the property is underpriced and presents a valuable opportunity for investors looking to capitalize on potential growth.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · 5ecf67 | Subject | €0 | €0 | — | — | 63 |
| Vila Nova de Cacela · ba574c | Active | €199,900 | €4,998 | — | 65 | 63 |
| Altura · 23f20c | Active | €305,000 | €4,236 | — | 75 | 62 |
| Vila Nova de Cacela · bf28af | Active | €300,000 | €4,286 | — | 73 | 55 |
| avenida Manuel G. Rosa Mendes | Active | €290,000 | €3,766 | — | 65 | 61 |
| Median comp | €295,000 | €4,261 | — | 69 | 62 |
Long-term rental With no gross yield and a condition rating of 0/100, this property lacks the fundamentals necessary for a sustainable long-term rental strategy. The Infinity% gap from fair value suggests that the property is significantly underpriced, which can be leveraged for long-term investment gains. Short-term vacation rental The proximity to the Algarve promotes potential for vacation rentals, making this property a candidate for short-term leasing despite its current condition. Given the high valuation gap, there’s a substantial opportunity to capitalize on the rising demand for vacation properties in the area. Buy-and-hold This underpriced building, with its proximity to a popular tourist destination, presents a strategic buy-and-hold opportunity for future appreciation. Despite the current lack of amenities and low condition rating, the long-term potential in a recovering rural coastal market is promising.
Economic Vulnerability The economic stability score of 55/100 indicates a moderate risk of adverse economic conditions that could impact the property's value 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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