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, 1-bathroom country_house of 192 m², energy rating F. Located Odeleite parish, Castro Marim municipality, Faro district. The property includes two water extraction wells, enhancing its agricultural potential and providing valuable resources for irrigation, despite the current state of neglect.
The valuation. The asking price of €270,000 sits €49,961 above the fair value of €220,039, indicating it is overpriced by 18.5%. This disparity suggests potential buyers should exercise caution in their investment decision. Buy-to-flip angle. With a low condition score of 37/100, a buy-to-flip strategy may require significant renovations to enhance the property's value. Targeting a resale at fair market value could yield a profit if improvements are effectively managed. Buy-to-let angle. The gross yield currently stands at 0%, signaling no rental income potential at this price point. Given the basic condition of the property, limited short-term rental viability may affect long-term profitability in a mixed neighborhood.
Fair value modelled at €220,039 from the area baseline, adjusted for condition and location. Asking €270,000 sits €49,961 (18.5%) above — overpriced versus fair value.
Asking €270,000 versus the Odeleite, Castro Marim, Faro area baseline of €197,184 (€1,027/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 37/100 (Condition 30 · Materials 40 · Room dimensions 45). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 54/100 (Housing Market 60 · Amenities 55 · Economic 45 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Odeleite, Castro Marim, Faro
Area baseline €197,184 + condition -€114,900 + location +€5,275 = modelled fair value of €220,039 (€1,146/m²), a €49,961 (18.5%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Odeleite · be92a4 | Subject | €270,000 | €1,406 | — | 30 | 54 |
| rua 26 de Janeiro | Active | €145,000 | €1,835 | 30.5% | 42 | 58 |
| Azinhal · 4d435e | Active | €150,000 | €1,389 | 1.2% | 12 | 50 |
| Alcoutim e Pereiro · 1e6181 | Active | €150,000 | €1,020 | 27.4% | 60 | 46 |
| Azinhal · 1e63a1 | Active | €150,000 | €1,389 | 1.2% | — | 55 |
| Median comp | €150,000 | €1,389 | 1.2% | 42 | 53 |
Long-term rental This property is not ideal for long-term rental due to its poor condition rating of 37/100, which significantly detracts from tenant appeal and ultimately rental desirability. With a fair value of €220,039, the asking price of €270,000 represents an 18.5% gap, indicating it is overpriced for the long-term rental market. Short-term vacation rental The property’s lack of gross yield at 0% coupled with its overpriced valuation makes it a less attractive option for short-term vacation rentals, where competition is high. Without renovations to increase appeal and value, the current market conditions may not support its profitability in the short-term rental sector. Value-add renovation While potential exists for value-add renovations, the initial investment would be steep given the property’s current asking price of €270,000 compared to the fair value of €220,039. As it stands overpriced, this strategy carries significant risk without guarantees of achieving a profitable return on investment post-renovation.
Economic Vulnerability The economic stability score of 45/100 indicates a significant risk of market fluctuations that could adversely affect property value and rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
