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, 2-bathroom house of 144 m², built in 2002, energy rating G. Located on rua Manuel Francisco Faísca, 23, Salir parish, Loulé municipality, Faro district. This property boasts a charming traditional architecture with modern upgrades, complemented by an expansive outdoor terrace perfect for relaxation and entertaining.
The valuation. The asking price of €380,000 is significantly below the fair value of €524,571, indicating that the property is underpriced by €144,571 (27.6%). This offers a compelling investment opportunity for potential buyers. Buy-to-flip angle. With the property in excellent condition (80/100), a buy-to-flip strategy could capitalize on the favorable market, aimed at a resale price that aligns more closely with its fair valuation. This could yield substantial profits post-renovation. Buy-to-let angle. Given the rising demand in Algarve, a buy-to-let approach targeting long-term rentals or short-term vacation rentals can generate steady rental income, despite the current gross yield being projected at 0%. The appealing location enhances rental prospects significantly.
Fair value modelled at €524,571 from 5 comparable sales in the area. Asking €380,000 sits €144,571 (27.6%) below — the upside to fair value.
Asking €380,000 versus the rua Manuel Francisco Faísca, 23 area baseline of €453,588 (€3,150/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 is above the parish average, lifting 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 €453,588, adjusted for condition and micro-location, gives a modelled fair value of €524,571 (€3,643/m²), a €144,571 (27.6%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Francisco Faísca, 23 | Subject | €380,000 | €2,639 | — | 76 | 66 |
| Salir · 1e6038 | Active | €255,000 | €3,643 | 38.0% | 60 | 71 |
| Salir · 023842 | Active | €218,000 | €1,772 | 32.8% | 45 | 58 |
| autoestrada EM503, 416 | Active | €235,000 | €2,866 | 8.6% | — | 64 |
| travessa do Castelo, 1 | Active | €648,000 | €4,050 | 53.5% | 80 | 61 |
| Median comp | €245,000 | €3,255 | 23.3% | 60 | 63 |
Long-term rental The property in Salir, Loulé is subvalorizada by 27.6% compared to its fair value of €524,571, making it an advantageous opportunity for long-term rental investments. Given the neighborhood's rating of 66/100 and the desirable characteristics of rural Algarve, the potential for tenant stability and quality is promising. Short-term vacation rental With the property listed at €380,000 and a significant gap to its fair value, this 2-bed house presents a favorable entry point for short-term vacation rental strategies. The thriving tourism in the Algarve enhances demand for such accommodations, crucial for maximizing rental yields despite the current 0% gross yield. Retiree-focused investment The property is located in a safe rural area of Algarve, making it an attractive option for retirees, especially with its current subvalorizada status of 27.6%. The appealing conditions and robust tourism-driven economy of the region support a stable environment for retirement investments.
Economic Vulnerability The economic stability score of 60/100 indicates a moderate risk that external economic factors may negatively impact tenant demand 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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