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 house of 117 m², energy rating D. Located Salir parish, Loulé municipality, Faro district. Noteworthy Features: The property includes an outdoor area with a BBQ and undergoing renovation, providing excellent potential for a spacious leisure terrace on the expansive 650 m² plot.
The valuation. The asking price of €365,000 is significantly below the fair value of €450,032, presenting an opportunity for investors. This represents an 18.9% discount, indicating a strong potential for appreciation.
Fair value modelled at €450,032 from 6 comparable sales in the area. Asking €365,000 sits €85,032 (18.9%) below — the upside to fair value.
Asking €365,000 versus the Salir, Loulé, Faro area baseline of €409,539 (€3,500/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €409,539, adjusted for condition and micro-location, gives a modelled fair value of €450,032 (€3,846/m²), a €85,032 (18.9%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Salir · 83134e | Subject | €365,000 | €3,120 | — | 70 | 60 |
| rua Manuel Francisco Faísca, 23 | Active | €380,000 | €2,639 | 15.4% | 76 | 66 |
| Salir · 46809b | Active | €380,000 | €2,639 | 15.4% | 72 | 63 |
| urbanização Nesthomes Salir | Active | €475,000 | €4,204 | 34.7% | 73 | 73 |
| Salir · 1e6038 | Active | €255,000 | €3,643 | 16.8% | 60 | 71 |
| Median comp | €380,000 | €3,141 | 0.7% | 73 | 69 |
Long-term rental The property is positioned for steady income generation through long-term rentals, given its fair value of €450,032, which indicates a gap of 18.9%. Despite a gross yield of 3.4%, the location's tourism appeal adds potential for demand stability in the rental market. Short-term vacation rental This house offers promising potential as a short-term vacation rental due to its location in the Algarve region, known for its tourism. The gap to fair value of 18.9% suggests that it is competitively priced, attracting holidaymakers looking for accommodations in a desirable area. Buy-and-hold Acquiring this property allows for a strategic buy-and-hold investment, with the current price reflecting an attractive entry point below fair market value. The anticipated appreciation within the tourism-driven market establishes a solid basis for long-term capital gains. Not ideal for: Student housing, Luxury market The property does not align with student housing due to its family-oriented layout, and its location and pricing also disqualify it from the luxury market segment. Alternatives like long-term rentals or vacation lettings provide better prospects.
Economic Vulnerability With an economic stability score of 55/100, there is a significant risk that economic downturns could adversely affect property values and rental income. Tenant Turnover Risk Given a tenant stability score of 60/100, there is a moderate risk of higher tenant turnover, which may lead to increased vacancy rates and costs associated with finding new tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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