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, 1-bathroom apartment of 55 m² on the 1st floor, built in 2003. Located on rua Duque de Terceira, 76, Altura parish, Castro Marim municipality, Faro district. Noteworthy Feature: The apartment includes a private parking space in the building's garage/basement, adding convenience and value in a location known for its limited parking options.
The valuation. The asking price of €315,000 is significantly above the fair value of €229,587, resulting in an overpriced designation of €85,413 (37.2%). This discrepancy indicates the property does not represent an attractive investment opportunity.
Fair value modelled at €229,587 from 6 comparable sales in the area. Asking €315,000 sits €85,413 (37.2%) above — overpriced versus fair value.
Asking €315,000 versus the rua Duque de Terceira, 76 area baseline of €203,281 (€3,696/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 is above the parish average, lifting 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 €203,281, adjusted for condition and micro-location, gives a modelled fair value of €229,587 (€4,174/m²), a €85,413 (37.2%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Duque de Terceira, 76 | Subject | €315,000 | €5,727 | — | 75 | 56 |
| Altura · 23f20c | Active | €305,000 | €4,236 | 26.0% | 75 | 62 |
| largo do Mercado, 10 | Active | €329,000 | €4,113 | 28.2% | 79 | 62 |
| Vila Nova de Cacela · bf28af | Active | €300,000 | €4,286 | 25.2% | 73 | 55 |
| rua da Quinta da Manta Mar S / N | Active | €240,000 | €4,000 | 30.2% | 75 | 52 |
| Median comp | €302,500 | €4,175 | 27.1% | 75 | 59 |
Short-term vacation rental The apartment's gross yield of 2.4% is disappointing, particularly given the significant gap of 37.2% from the fair value, indicating that the entry price is not justified for this rental strategy. Additionally, the neighborhood rating of 56/100 suggests limited tourist attraction, further complicating short-term rental profitability. Buy-and-hold With a purchase price significantly above fair value, the 1-bed apartment presents a risk for long-term value appreciation in a rural area like Altura, where potential for market growth is uncertain. Furthermore, the current yield of 2.4% may not adequately compensate for potential market fluctuations, reinforcing the overpricing concern. Family rental Given the 37.2% premium over the fair value, this property may not provide the best return on investment for family rentals, especially in a neighborhood rated only 56/100. The combination of a low yield and unfavorable location makes it a less compelling option for long-term family housing. Not ideal for Luxury market, Student housing, Value-add renovation
Economic Vulnerability The property's economic stability score of 50/100 indicates a potential risk of market fluctuations that could adversely affect rental income and occupancy rates.
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