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.
2-bedroom, 2-bathroom house of 160 m², energy rating C. Located on rua de Turiquintas, Porches parish, Lagoa municipality, Faro district. Noteworthy Features: This property includes a sea view terrace, perfect for enjoying sunsets, and is situated in a private condominium with a communal pool and well-maintained gardens.
The valuation. The asking price of €564,365 sits €77,794 (12.1%) below the fair value of €642,159. This property is hence considered underpriced. Buy-to-flip angle. The strategy involves renovating the basic finishes and upgrading key areas to enhance appeal, aiming for a profitable resale in a rising market. Buy-to-let angle. With an estimated gross yield of 3.7% and rental income around €1,740 per month, this property is well-suited for long-term rentals, capitalizing on steady housing demand in the tourist-friendly area.
Fair value modelled at €642,159 from 6 comparable sales in the area. Asking €564,365 sits €77,794 (12.1%) below — the upside to fair value.
Asking €564,365 versus the rua de Turiquintas area baseline of €707,479 (€4,422/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €707,479, adjusted for condition and micro-location, gives a modelled fair value of €642,159 (€4,013/m²), a €77,794 (12.1%) gap versus the €564,365 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Turiquintas | Subject | €564,365 | €3,527 | — | 60 | 71 |
| rua Encosta dos Alporchinhos, 1 | Active | €490,000 | €2,526 | 28.4% | 70 | 79 |
| Porches · 8ee3ff | Active | €329,000 | €3,697 | 4.8% | 70 | 76 |
| autoestrada EM530-1, 54 | Active | €580,000 | €4,328 | 22.7% | 67 | 72 |
| rua do Levante S / N | Active | €595,000 | €4,917 | 39.4% | 80 | 77 |
| Median comp | €535,000 | €4,013 | 13.8% | 70 | 77 |
Short-term vacation rental The property in Porches offers significant potential for short-term vacation rentals in the Algarve, where tourism drives demand for accommodations. With a fair value gap of 12.1%, the current listing price suggests an attractive opportunity for generating income in a vibrant seasonal market. Long-term rental Investing in a long-term rental strategy for this 2-bed house capitalizes on the steady demand for housing in a tourist-heavy region, despite the seasonal employment fluctuations. The gross yield of 3.7% indicates a reliable cash flow, particularly in an area where tenant quality and overall neighborhood ratings are respectable. Family rental This property can effectively cater to families seeking stable living environments in the Algarve, benefitting from amenities and a decent neighborhood rating of 71/100. With a fair value assessment showing a gap of 12.1%, it presents an appealing option for family renters looking for comfort without overspending on housing.
Economic Volatility Risk With an economic stability score of 65/100, there is a risk that local market fluctuations may adversely affect property values and rental demand, potentially leading to decreased returns on investment.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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