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 69 m² on the 1st floor, built in 2002, energy rating C. Located Altura parish, Castro Marim municipality, Faro district. This property features a cozy covered outdoor area with green views, enhancing both tranquility and privacy, perfect for enjoying the Algarve's pleasant climate.
The valuation. The asking price of €315,000 is positioned above the fair value of €285,893, indicating a €29,107 (10.2%) premium. While the apartment is fairly valued, it does not represent a compelling opportunity for buyers seeking immediate equity.
Fair value modelled at €285,893 from 6 comparable sales in the area. Asking €315,000 sits €29,107 (10.2%) above — overpriced versus fair value.
Asking €315,000 versus the Altura, Castro Marim, Faro area baseline of €264,366 (€3,831/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €264,366, adjusted for condition and micro-location, gives a modelled fair value of €285,893 (€4,143/m²), a €29,107 (10.2%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · 38b74f | Subject | €315,000 | €4,565 | — | 72 | 62 |
| rua Duque de Terceira, 76 | Active | €315,000 | €5,727 | 25.5% | 75 | 56 |
| Vila Nova de Cacela · bf28af | Active | €300,000 | €4,286 | 6.1% | 73 | 55 |
| avenida Manuel G. Rosa Mendes | Active | €290,000 | €3,766 | 17.5% | 65 | 61 |
| rua da Quinta da Manta Mar S / N | Active | €240,000 | €4,000 | 12.4% | 75 | 52 |
| Median comp | €295,000 | €4,143 | 9.2% | 74 | 56 |
Short-term vacation rental The property's gross yield of 2.3% suggests it may not generate significant returns for short-term vacation rental investors despite its location in a tourist-driven area of Algarve. Additionally, with a fair value assessed at €285,893, the listing price of €315,000 indicates a competitive but not attractive investment for this strategy. Buy-and-hold Investors looking at a buy-and-hold strategy might find this property appropriate given its stable neighborhood and decent condition rating of 70/100. However, the pricing at €315,000 against a fair value of €285,893 suggests that long-term appreciation might not justify the current investment cost. Long-term rental With a neighborhood rating of 62/100 and a low crime environment, this property could attract stable long-term tenants, benefiting from the area's family-friendly appeal. However, the gross yield of 2.3% combined with the listing price being over the fair value suggests that long-term returns might be limited, making it less favorable for investors searching for value.
Risk of Economic Instability The property faces potential financial challenges due to its below-average economic stability score of 55/100, which may impact tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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