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.
1-bedroom, 0-bathroom country_house of 63 m². Located Monchique parish, Monchique municipality, Faro district. This property includes a borehole for exclusive water access, offering significant advantages for agricultural cultivation in a lush, natural setting.
The valuation. The asking price of €190,000 sits €18,950 (9.1%) below the fair value of €208,950, indicating that the property is priced at a reasonable amount relative to market conditions.
Fair value modelled at €208,950 from 6 comparable sales in the area. Asking €190,000 sits €18,950 (9.1%) below — the upside to fair value.
Asking €190,000 versus the Monchique, Monchique, Faro area baseline of €218,340 (€3,466/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 30/100 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 €218,340, adjusted for condition and micro-location, gives a modelled fair value of €208,950 (€3,317/m²), a €18,950 (9.1%) gap versus the €190,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Monchique · 622b0b | Subject | €190,000 | €3,016 | — | 24 | 63 |
| Monchique · 261fe6 | Active | €380,000 | €5,846 | 93.8% | — | 62 |
| herdade Monchique | Active | €180,000 | €2,571 | 14.7% | — | 63 |
| Monchique · 6c7981 | Active | €185,000 | €3,700 | 22.7% | 60 | 63 |
| Monchique · 0dcc34 | Active | €150,000 | €1,339 | 55.6% | — | 63 |
| Median comp | €182,500 | €3,136 | 4.0% | 60 | 63 |
Short-term vacation rental The property offers a gross yield of 4%, making it a viable option for short-term vacation rentals given the ongoing influx of tourists in the Algarve region. However, its condition rating of 30/100 indicates that significant renovations may be necessary to attract higher-paying guests and maximize returns. Buy-and-hold With a fair value of €208,950 and an asking price of €190,000, this property presents an opportunity for steady long-term appreciation in a tourism-driven market. Nevertheless, its current condition could hinder immediate value creation and tenant satisfaction. Family rental The property is situated in a neighborhood rated 63/100, which can support a family rental strategy, benefiting from the area's community amenities. The gross yield of 4% suggests decent rental income potential, though improvements to the property's condition are essential to appeal to families seeking long-term housing. Not ideal for Given its condition and neighborhood ratings, this property is not suitable for student housing, the luxury market, or industrial investment, as these segments typically demand higher standards and location prestige.
Economic Instability Risk The property has an economic stability score of 50/100, indicating a possible vulnerability to fluctuations in the market that could affect 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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