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.
4-bedroom, 4-bathroom country_house of 141 m², built in 1937, energy rating F. Located on praça 1º de Maio, 1, Castro Marim parish, Castro Marim municipality, Faro district. Noteworthy Features: This property boasts a large garden area suited for landscaping and outdoor gatherings, complemented by air conditioning in all divisions for enhanced comfort year-round.
The valuation. The asking price of €650,000 is significantly above fair value, which is assessed at €426,972, indicating an overpricing of €223,028, or 52.2%. The property is therefore overpriced according to current market evaluations.
Fair value modelled at €426,972 from 5 comparable sales in the area. Asking €650,000 sits €223,028 (52.2%) above — overpriced versus fair value.
Asking €650,000 versus the praça 1º de Maio, 1 area baseline of €394,492 (€2,798/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €394,492, adjusted for condition and micro-location, gives a modelled fair value of €426,972 (€3,028/m²), a €223,028 (52.2%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça 1º de Maio, 1 | Subject | €650,000 | €4,610 | — | 75 | 53 |
| rua Doutor José Alves Moreira | Active | €483,500 | €4,787 | 3.8% | 70 | 59 |
| rua Almirante Cândido dos Reis, 148 | Active | €499,000 | €2,483 | 46.1% | 68 | 53 |
| Castro Marim · 4b7c9a | Active | €860,000 | €3,028 | 34.3% | 76 | 55 |
| Castro Marim · 4d4783 | Active | €495,000 | €2,964 | 35.7% | 70 | 46 |
| Median comp | €497,000 | €2,996 | 35.0% | 70 | 54 |
Short-term vacation rental The property's gross yield of 2.8% suggests that it may not generate significant returns as a short-term vacation rental, especially considering the fair value gap of 52.2%. Additionally, the neighbourhood rating of 53/100 indicates that the area may not attract an adequate volume of tourists to justify the high listing price of €650,000. Long-term rental With an overpriced listing of €650,000 and a fair value of only €426,972, this property does not present a sound investment opportunity for long-term rental. The below-average neighbourhood rating of 53/100 further confirms that potential rental income may not compensate for the inflated purchase price.
Economic Vulnerability The economic stability score of 45/100 indicates a higher risk of market fluctuations which could impact returns. Tenant Vulnerability With a tenant stability score of 55/100, there’s a risk of lower tenant retention and potential vacancies affecting cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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