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 89 m², energy rating C. Located Porches parish, Lagoa municipality, Faro district. Property features: This house boasts a charming living room with a fireplace and a terrace off the kitchen, providing both warmth and outdoor access in a serene setting.
The valuation. The asking price of €329,000 sits slightly below the fair value of €341,944, indicating a difference of €12,944 (3.8%). This suggests the property is priced at a fair market value, making it a reasonable opportunity for potential buyers.
Fair value modelled at €341,944 from 6 comparable sales in the area. Asking €329,000 sits €12,944 (3.8%) below — the upside to fair value.
Asking €329,000 versus the Porches, Lagoa, Faro area baseline of €316,994 (€3,562/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €316,994, adjusted for condition and micro-location, gives a modelled fair value of €341,944 (€3,842/m²), a €12,944 (3.8%) gap versus the €329,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porches · 8ee3ff | Subject | €329,000 | €3,697 | — | 70 | 76 |
| autoestrada EM530-1, 54 | Active | €580,000 | €4,328 | 17.1% | 67 | 72 |
| rua da Igreja, 6 | Active | €425,000 | €5,743 | 55.4% | 84 | 72 |
| Lagoa e Carvoeiro · 49b71c | Active | €130,000 | €1,083 | 70.7% | 80 | 60 |
| Lagoa e Carvoeiro · 90d75b | Active | €740,000 | €8,315 | 124.9% | — | 73 |
| Median comp | €502,500 | €5,036 | 36.2% | 80 | 72 |
Short-term vacation rental Given the strong tourist demand in Algarve, this property could attract holidaymakers looking for a comfortable stay. However, with a fair value just slightly above the asking price, the potential for significant short-term gains may be limited. Buy-and-hold This property offers a gross yield of 4.1%, which is reasonably appealing for a buy-and-hold investment in a tourist-friendly location. However, the fair value assessment indicates that the current price is merely reflective of the present market situation, suggesting limited room for growth. Family rental In a neighbourhood with a relatively good score of 76/100, this property could serve as an adequate family rental. Nevertheless, with its fair pricing and modest potential appreciation, it may not provide the best returns compared to other investment opportunities. Not ideal for: Student housing, Luxury market, Industrial investment Considering the property’s location and condition, it lacks the necessary attributes to attract either student tenants or buyers in the luxury market. Additionally, the residential nature of the property does not align with industrial investment strategies.
Economic Vulnerability With an economic stability score of 75/100, there may be potential fluctuations in market conditions that could impact tenant retention and rental income. Tenant Vulnerability A tenant stability score of 70/100 indicates a reasonable risk of tenant turnover, which can lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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