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.
2-bedroom, 1-bathroom apartment of 55 m² on the 1st floor, built in 2002, energy rating C. Located Altura parish, Castro Marim municipality, Faro district. Noteworthy Features: The apartment includes a generously sized covered outdoor area that offers open views of a green environment, enhancing both tranquility and privacy for the residents.
The valuation. The asking price of €315,000 is significantly above the fair value of €226,188, resulting in a premium of €88,813 (39.3%). This property is considered overpriced.
Fair value modelled at €226,188 from 5 comparable sales in the area. Asking €315,000 sits €88,813 (39.3%) above — overpriced versus fair value.
Asking €315,000 versus the Altura, Castro Marim, Faro area baseline of €194,961 (€3,545/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €194,961, adjusted for condition and micro-location, gives a modelled fair value of €226,188 (€4,113/m²), a €88,813 (39.3%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · a80509 | Subject | €315,000 | €5,727 | — | 75 | 70 |
| Altura · 23f20c | Active | €305,000 | €4,236 | 26.0% | 75 | 62 |
| largo do Mercado, 10 | Active | €329,000 | €4,113 | 28.2% | 79 | 62 |
| Vila Nova de Cacela · bf28af | Active | €300,000 | €4,286 | 25.2% | 73 | 55 |
| Vila Nova de Cacela · 86cbdd | Active | €320,000 | €4,051 | 29.3% | 75 | 46 |
| Median comp | €312,500 | €4,175 | 27.1% | 75 | 59 |
Short-term vacation rental Due to its listing price of €315,000 compared to a fair value of €226,188, this 2-bed apartment in Altura is overpriced by 39.3%, making it a less attractive option for short-term vacation rentals. The gross yield of 2.5% is insufficient to justify the investment, especially given the reliance on tourism in the Algarve. Long-term rental With the current listing price exceeding fair value significantly, investing in this apartment as a long-term rental is not advisable, as it is overpriced at €315,000 versus €226,188. The 2.5% yield does not align with the higher upfront costs, particularly in a neighborhood that is reliant on seasonal tourism income. Buy-and-hold Buying this property for a hold strategy seems imprudent due to its high listing price of €315,000, which indicates it is overpriced by 39.3% compared to the fair value of €226,188. The limited gross yield of 2.5% combined with neighborhood conditions does not support long-term asset appreciation potential.
Economic Vulnerability The economic stability score of 55/100 indicates a higher risk of economic fluctuations that could negatively impact rental income.
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