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 country_house of 238 m², built in 1935, energy rating D. Located São Bartolomeu de Messines parish, Silves municipality, Faro district. This property features two urban articles with significant potential for development, including a ruin for reconstruction, and abundant water resources with two wells and a dam.
The valuation. The asking price of €340,000 is €15,094 (4.3%) below the fair value of €355,094, indicating the property is priced fairly in the current market. This presents an opportunity for reasonable investment aligning with market valuations.
Fair value modelled at €355,094 from 6 comparable sales in the area. Asking €340,000 sits €15,094 (4.3%) below — the upside to fair value.
Asking €340,000 versus the São Bartolomeu de Messines, Silves, Faro area baseline of €328,567 (€1,381/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 46/100 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 €328,567, adjusted for condition and micro-location, gives a modelled fair value of €355,094 (€1,492/m²), a €15,094 (4.3%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Bartolomeu de Messines · efdc87 | Subject | €340,000 | €1,429 | — | 44 | 59 |
| São Bartolomeu de Messines · 82c78f | Active | €380,000 | €1,407 | 1.5% | 60 | 71 |
| São Bartolomeu de Messines · 15e12c | Active | €350,000 | €1,577 | 10.4% | 60 | 70 |
| rua de Pedreiras | Active | €260,000 | €867 | 39.3% | 30 | 66 |
| São Bartolomeu de Messines · 6d559b | Active | €175,000 | €1,733 | 21.3% | 62 | 67 |
| Median comp | €305,000 | €1,492 | 4.4% | 60 | 69 |
Short-term vacation rental The property offers a gross yield of 6.3%, making it a potentially attractive option for short-term vacation rentals in a region known for tourism. However, given its fair market value and the average condition score of 46/100, investors should approach this strategy with caution to ensure profitability. Long-term rental With a yield of 6.3%, the property may also suit long-term rental strategies, providing steady income in a developing area of the Algarve. The fair value indicates that while the investment is stable, the condition and neighborhood ratings suggest it may not attract premium tenants. Family rental The strong yield of 6.3% can appeal to families seeking long-term rental options in a semi-rural setting, making it a viable choice. Yet, with a neighborhood rating of 59/100, the property may not be the first choice for families prioritizing better amenities and conditions in their living environment.
Economic Vulnerability The low economic stability score of 50/100 suggests potential challenges in tenant retention and property demand, increasing the risk of vacancy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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