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 house of 340 m², energy rating C. Located on rua do Alto do Palmeiral, Algoz e Tunes parish, Silves municipality, Faro district. This property boasts over 800 m² of outdoor land, providing ample space for a garden, leisure area, or swimming pool, along with authorized vehicle access for convenience.
The valuation. The asking price of €599,000 sits above the fair value of €529,577 by €69,423 (13.1%). This property is deemed overpriced according to current market standards.
Fair value modelled at €529,577 from 6 comparable sales in the area. Asking €599,000 sits €69,423 (13.1%) above — overpriced versus fair value.
Asking €599,000 versus the rua do Alto do Palmeiral area baseline of €585,740 (€1,723/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €585,740, adjusted for condition and micro-location, gives a modelled fair value of €529,577 (€1,558/m²), a €69,423 (13.1%) gap versus the €599,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Alto do Palmeiral | Subject | €599,000 | €1,762 | — | 62 | 68 |
| Algoz e Tunes · 0900ca | Active | €215,000 | €1,086 | 38.4% | — | 62 |
| travessa Tomé Rodrigues Pincho, 64 | Active | €193,000 | €1,350 | 23.4% | — | 71 |
| Algoz e Tunes · ade576 | Active | €750,000 | €3,000 | 70.3% | — | 74 |
| Algoz e Tunes · 4ba651 | Active | €280,000 | €1,530 | 13.2% | — | 71 |
| Median comp | €247,500 | €1,440 | 18.3% | — | 71 |
Short-term vacation rental This property is overpriced at €599,000 compared to its fair value of €529,577, suggesting limited profitability for short-term vacation rental, especially with a gross yield of only 4.3%. Given its decent condition and tourist-heavy location, any potential short-term rental income may not justify the high acquisition cost. Long-term rental With the property priced at a 13.1% premium over its fair value, the long-term rental strategy appears unfavorable, particularly as the gross yield of 4.3% does not offer compelling returns. The neighborhood rating of 68/100 suggests average desirability, which could result in challenges attracting quality tenants relative to the price point. Buy-and-hold The buy-and-hold strategy is less attractive for this property due to its overpriced nature, with a current listing at 13.1% above fair value, limiting long-term appreciation potential. Additionally, the combination of a mediocre condition score of 65/100 and a lack of compelling yields signifies that this investment may not yield satisfactory returns over time.
Economic Fluctuation Risk The economic stability score of 65/100 indicates potential vulnerability to economic downturns, which could affect property performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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