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, 2-bathroom house of 150 m². Located on rua Teófilo Carvalho dos Santos, 30, Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy Features: The property boasts a supportive house near the pool equipped with shower and restroom facilities, enhancing convenience for outdoor entertaining and leisure. Additional Detail: The orchard provides potential for gardening enthusiasts.
The valuation. The asking price of €680,000 is significantly higher than the fair value of €127,771, with a difference of €552,229, representing an 81.2% overvaluation. This indicates that the property is overpriced.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Teófilo Carvalho dos Santos, 30 | Subject | €680,000 | €4,533 | — | — | 72 |
| rua Sir Cliff Richard | Active | €1,450,000 | €7,592 | 67.5% | 65 | 78 |
| Silves · 23f505 | Active | €695,000 | €4,793 | 5.7% | 74 | 71 |
| rua de Nora, 181N | Active | €600,000 | €3,243 | 28.5% | 63 | 62 |
| Albufeira e Olhos de Água · 99f4f0 | Active | €1,080,000 | €9,153 | 101.9% | 60 | 75 |
| Median comp | €887,500 | €6,193 | 36.6% | 64 | 73 |
Short-term vacation rental This property is overpriced at €680,000, significantly exceeding its fair value of €127,771, resulting in a gap of 81.2%. Given its low yield of 2.9% and poor condition rating of 0/100, it is unlikely to attract profitable short-term rentals in the competitive Algarve market. Long-term rental The inflated price of this property makes it a poor choice for long-term rental investments, as the fair value is just €127,771 and the yield is an unappealing 2.9%. With a significant gap of 81.2% above fair value, potential rental income will not adequately compensate for the investment risk. Buy-and-hold Investing in this property for a buy-and-hold strategy is not advisable due to its substantial overvaluation at €680,000 compared to a fair value assessment of €127,771. Additionally, the property's low yield of 2.9% suggests that long-term appreciation will be insufficient to justify the current purchase price. Not ideal for: This property is not suitable for student housing or the luxury market due to the significant disparity between its listing price and fair value, along with undesirable conditions. The same reasoning applies to industrial investment, as the high price does not align with the revenue potential in the area.
Economic Vulnerability With an economic stability score of 65/100, there is a risk of increased vacancy rates or decreased rental income due to potential economic downturns. Tenant Stability Risk Although the tenant stability score is relatively high at 75/100, it indicates that there could be fluctuations in tenant satisfaction or retention, which might impact occupancy levels.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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