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, 2-bathroom apartment of 124 m², built in 2006, energy rating C. Located Almancil parish, Loulé municipality, Faro district. Noteworthy Features: The apartment includes a large multipurpose room on the upper floor that directly accesses a spacious private rooftop terrace, enhancing outdoor living possibilities in a prime location. Additional Storage: A spacious storage room and independent pantry on the upper floor provide excellent practicality and organization options.
The valuation. The asking price of €449,000 is significantly higher than the fair value of €257,725, creating an excess of €191,275 (74.2%). Verdict: overpriced. Buy-to-flip angle. The buy-to-flip strategy could be challenging due to the high initial price, leaving minimal room for profitable resale after renovations. Buy-to-let angle. With an estimated gross yield of 4.3% and potential rental income around €1,609/month, this property could generate steady cash flow in a tourist-driven market through short-term vacation rentals.
Fair value modelled at €257,725 from 6 comparable sales in the area. Asking €449,000 sits €191,275 (74.2%) above — overpriced versus fair value.
Asking €449,000 versus the Almancil, Loulé, Faro area baseline of €390,507 (€3,149/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is below the parish average, reducing 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 €390,507, adjusted for condition and micro-location, gives a modelled fair value of €257,725 (€2,078/m²), a €191,275 (74.2%) gap versus the €449,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Almancil · f5ebbb | Subject | €449,000 | €3,621 | — | 72 | 72 |
| Almancil · 96c4f9 | Active | €479,000 | €2,737 | 24.4% | 75 | 64 |
| avenida José dos Santos Farias | Active | €530,000 | €2,087 | 42.4% | 75 | 73 |
| Almancil · dc15f4 | Active | €530,000 | €2,078 | 42.6% | 75 | 74 |
| Almancil · 8933f2 | Active | €530,000 | €2,078 | 42.6% | 75 | 72 |
| Median comp | €530,000 | €2,083 | 42.5% | 75 | 73 |
Short-term vacation rental The property’s asking price of €449,000 is significantly above its fair value of €257,725, indicating a 74.2% markup that detracts from potential profitability. With a gross yield of only 4.3% and a condition rating of 76/100, this investment in the vacation rental market is unlikely to generate substantial returns given the high entry cost. Buy-and-hold The high listing price of €449,000 creates a massive gap from its fair value of €257,725, suggesting a long-term hold strategy may not yield favorable appreciation. The property’s neighborhood rating of 72/100 indicates decent desirability, but the exorbitant price limits potential capital gains. Long-term rental With a market price of €449,000 significantly above its fair value of €257,725, investing for long-term rental income appears problematic due to low yield prospects at 4.3%. The economic reliance on tourism in the Algarve is not sufficient to justify such a premium in light of the current valuation metrics.
Economic Vulnerability The economic stability score of 65 indicates potential vulnerability to economic fluctuations that could impact 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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