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 101 m², energy rating E. Located Santa Bárbara de Nexe parish, Faro municipality, Faro district. Noteworthy Features: This unique farmhouse features a circular internal layout that enhances connectivity between rooms, along with expansive outdoor areas framed by mature olive and carob trees.
The valuation. The asking price of €420,000 is significantly above the fair value of €284,026, indicating the property is overpriced by €135,974 (47.9%). This discrepancy suggests caution for potential investors.
Fair value modelled at €284,026 from 6 comparable sales in the area. Asking €420,000 sits €135,974 (47.9%) above — overpriced versus fair value.
Asking €420,000 versus the Santa Bárbara de Nexe, Faro, Faro area baseline of €332,270 (€3,290/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 38/100 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 €332,270, adjusted for condition and micro-location, gives a modelled fair value of €284,026 (€2,812/m²), a €135,974 (47.9%) gap versus the €420,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Bárbara de Nexe · 89e676 | Subject | €420,000 | €4,158 | — | 30 | 62 |
| Santa Bárbara de Nexe · 38b1cd | Active | €799,900 | €7,339 | 76.5% | — | 63 |
| Conceição e Estoi · b7c18d | Active | €430,000 | €2,402 | 42.2% | 45 | 63 |
| Conceição e Estoi · 735699 | Active | €320,000 | €2,560 | 38.4% | 25 | 62 |
| Conceição e Estoi · 6eba68 | Active | €270,000 | €2,308 | 44.5% | 40 | 62 |
| Median comp | €375,000 | €2,481 | 40.3% | 40 | 63 |
Short-term vacation rental The current listing price of €420,000 is significantly above the fair value of €284,026, indicating that this property is overpriced for a short-term vacation rental strategy. With a gross yield of only 4.1% and a condition rating of 38/100, the investment is unlikely to provide adequate returns despite Algarve's tourism demand. Long-term rental While the area benefits from a strong tourism economy, the property’s listing price suggests it is overpriced at €420,000 versus a fair value of €284,026, limiting its appeal as a long-term rental investment. The gross yield of 4.1% combined with a neighborhood rating of 62/100 does not support justifying the inflated price within a long-term rental framework. Buy-and-hold This 3-bed country house is priced at €420,000, which is considerably higher than its fair value of €284,026, categorizing it as overpriced for a buy-and-hold strategy. Given its gross yield of 4.1% and a condition score of 38/100, the property may not appreciate sufficiently to compensate for the current excessive valuation.
Economic and Tenant Instability Risk The property faces a moderate risk due to a combined economic stability score of 60/100 and tenant stability score of 60/100, indicating potential volatility in rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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