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, 0-bathroom country_house of 71 m². Located Mexilhoeira Grande parish, Portimão municipality, Faro district. One of the major features of this property is the independent entrance to the planned 2-bedroom apartment, enhancing its rental potential and family accommodation options.
The valuation. The asking price of €294,000 is significantly above the fair value of €221,683, representing an overvaluation of €72,317 (32.6%). This price places the property in a challenging position for potential investors.
Fair value modelled at €221,683 from 6 comparable sales in the area. Asking €294,000 sits €72,317 (32.6%) above — overpriced versus fair value.
Asking €294,000 versus the Mexilhoeira Grande, Portimão, Faro area baseline of €192,449 (€2,711/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €192,449, adjusted for condition and micro-location, gives a modelled fair value of €221,683 (€3,122/m²), a €72,317 (32.6%) gap versus the €294,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Mexilhoeira Grande · ade54f | Subject | €294,000 | €4,141 | — | 70 | 73 |
| Mexilhoeira Grande · 25f6e2 | Active | €380,000 | €4,043 | 2.4% | 58 | 68 |
| rua Francisco Bívar | Active | €179,000 | €2,983 | 28.0% | 54 | 74 |
| Mexilhoeira Grande · 03249b | Active | €542,000 | €3,170 | 23.5% | 60 | 75 |
| Mexilhoeira Grande · 9388e2 | Active | €369,000 | €3,075 | 25.7% | 75 | 71 |
| Median comp | €374,500 | €3,123 | 24.6% | 59 | 73 |
Short-term vacation rental The property is overpriced at €294,000 compared to its fair value of €221,683, indicating a significant gap of 32.6%. With a 0% gross yield and only moderate condition and neighborhood ratings, it may not generate the desired returns in a competitive vacation rental market. Buy-and-hold Investing in this property as a long-term hold is not advised due to its current valuation of €294,000, which exceeds the fair value of €221,683 by 32.6%. The low yield of 0% further complicates the viability of realizing returns over time, especially in a fluctuating market like Algarve. Family rental Although the property is situated in a desirable tourist region, its listing price of €294,000 exceeds the fair value of €221,683 by 32.6%, making it an impractical investment for family rentals. The neighborhood and condition ratings provide some reassurance, but the lack of cash flow from rental income at 0% gross yield contributes to the conclusion that it is overpriced.
Economic Resilience Risk The economic stability score of 70/100 indicates potential vulnerability to market fluctuations, which could impact returns.**
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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