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, 3-bathroom house of 253 m², built in 2010, energy rating B. Located São Bartolomeu de Messines parish, Silves municipality, Faro district. Noteworthy Features: This property includes a third-floor terrace with a 360-degree view, enhancing its appeal for outdoor enjoyment and scenic vistas in a private setting.
The valuation. The asking price of €535,000 sits significantly below the fair value of €900,654, representing a difference of €365,654 (40.6%). This property is clearly underpriced based on current market assessments.
Fair value modelled at €900,654 from 6 comparable sales in the area. Asking €535,000 sits €365,654 (40.6%) below — the upside to fair value.
Asking €535,000 versus the São Bartolomeu de Messines, Silves, Faro area baseline of €711,332 (€2,812/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €711,332, adjusted for condition and micro-location, gives a modelled fair value of €900,654 (€3,560/m²), a €365,654 (40.6%) gap versus the €535,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Bartolomeu de Messines · 38b6ec | Subject | €535,000 | €2,115 | — | 78 | 62 |
| São Bartolomeu de Messines · 956880 | Active | €520,000 | €3,377 | 59.7% | 80 | 71 |
| São Bartolomeu de Messines · 023ba0 | Active | €585,000 | €3,305 | 56.3% | 80 | 64 |
| São Bartolomeu de Messines · b32a14 | Active | €900,000 | €5,085 | 140.5% | 80 | 73 |
| São Bartolomeu de Messines · f35e31 | Active | €795,000 | €6,913 | 226.9% | 76 | 61 |
| Median comp | €690,000 | €4,231 | 100.1% | 80 | 68 |
Short-term vacation rental The property is ideally suited for short-term vacation rentals, given its attractive fair value placement at 40.6% below market expectations. Coupled with a gross yield of 4.1%, this could generate consistent income driven by the high seasonal demand in the Algarve region. Buy-and-hold As a buy-and-hold investment, this property presents a promising opportunity due to its significant disparity from fair market value, indicating potential for future appreciation. With an overall condition rating of 81/100, it is likely to retain value and may appreciate as demand in the area continues to grow. Value-add renovation There is significant upside potential through a value-add renovation strategy, allowing for enhancements that could further close the gap to its fair value of €900,654. The neighborhood score of 62/100 suggests areas for improvement, which could increase property appeal and future cash flows.
[Tenant turnover risk] With a tenant stability score of 60/100, there is a significant risk that high turnover rates may occur, potentially increasing vacancy periods and lowering rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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