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.
4-bedroom, 3-bathroom villa of 175 m², built in 1997, energy rating C. Located Altura parish, Castro Marim municipality, Faro district. Outdoor space includes a refreshing pool and potential for garden enhancements, perfect for family gatherings and relaxation.
The valuation. The asking price of €660,000 sits €79,010 (13.6%) above the fair value of €580,990, indicating the property is overpriced.
Fair value modelled at €580,990 from 6 comparable sales in the area. Asking €660,000 sits €79,010 (13.6%) above — overpriced versus fair value.
Asking €660,000 versus the Altura, Castro Marim, Faro area baseline of €536,384 (€3,065/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €536,384, adjusted for condition and micro-location, gives a modelled fair value of €580,990 (€3,320/m²), a €79,010 (13.6%) gap versus the €660,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · 5da207 | Subject | €660,000 | €3,771 | — | 68 | 61 |
| Altura · 1908d9 | Active | €610,000 | €3,813 | 1.1% | — | 60 |
| urbanização Praia Verde | Active | €595,000 | €3,967 | 5.2% | — | 63 |
| rua do Alecrim | Active | €475,000 | €2,827 | 25.0% | 65 | 61 |
| Castro Marim · 65a439 | Active | €1,400,000 | €5,385 | 42.8% | 75 | 52 |
| Median comp | €602,500 | €3,890 | 3.1% | 70 | 61 |
Short-term vacation rental The property’s listing price of €660,000 reflects a 13.6% premium over its fair value of €580,990, leading to concerns about its long-term profitability as a vacation rental asset. With a gross yield of only 3.2%, the high initial cost may hinder returns even in the lucrative tourism market of the Algarve. Long-term rental While the location in Faro is appealing for long-term tenants due to its tourist appeal, the property’s overpriced status could impede achieving favorable rental prices. The neighbourhood's score of 61/100 suggests limited desirability, thus decreasing the attractiveness of investing in this property for sustained rental income. Value-add renovation Although the property presents a potential for value-add through renovations given its 67/100 condition, the current listing price remains above fair market value. The additional investment needed to enhance the property may not yield sufficient returns under the current market conditions of the Algarve. Not ideal for: Student housing, Luxury market Given the limited local industry and its reliance on tourism, this property is not suitable for student housing, nor does it fit well within the luxury market segment. Its overpriced nature further undermines its capacity to attract these specific demographics effectively.
Economic Uncertainty Risk: With both economic stability and tenant stability scores at 60/100, there is a moderate risk of inconsistent rental income or vacancies, impacting overall investment returns.
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