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, 1-bathroom house of 440 m², built in 2000, energy rating F. Located Altura parish, Castro Marim municipality, Faro district. Highlight: The property includes a dedicated porch with a barbecue area ideal for outdoor entertaining, plus ample space for a potential swimming pool and organic garden development.
The valuation. The asking price of €460,000 sits significantly below the fair value of €1,412,630, presenting a compelling opportunity for investors. This represents a remarkable 67.4% discount, indicating that the property is underpriced.
Fair value modelled at €1,412,630 from 6 comparable sales in the area. Asking €460,000 sits €952,630 (67.4%) below — the upside to fair value.
Asking €460,000 versus the Altura, Castro Marim, Faro area baseline of €1,452,366 (€3,301/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €1,452,366, adjusted for condition and micro-location, gives a modelled fair value of €1,412,630 (€3,211/m²), a €952,630 (67.4%) gap versus the €460,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · a80abf | Subject | €460,000 | €1,045 | — | 56 | 54 |
| Altura · 99f26e | Active | €990,000 | €5,625 | 438.0% | 60 | 57 |
| Vila Nova de Cacela · f35ffc | Active | €400,000 | €3,252 | 211.1% | 65 | 65 |
| Vila Nova de Cacela · 49b922 | Active | €400,000 | €3,252 | 211.1% | 65 | 53 |
| Castro Marim · 6a9465 | Active | €339,900 | €2,266 | 116.7% | 65 | 56 |
| Median comp | €400,000 | €3,252 | 211.1% | 65 | 57 |
Long-term rental The 3-bed house in Altura, listed at €460,000, presents a substantial opportunity with a fair value of €1,412,630, indicating a 67.4% gap. Despite its lower yield of 0% gross and average condition rating of 55/100, the proximity to Algarve tourist activities enhances demand potential for stable long-term tenants. Short-term vacation rental Given the significant disparity between the asking price and fair value, this property could serve as an attractive short-term vacation rental investment, leveraging Altura's appeal to tourists. While the gross yield currently stands at 0% and the neighborhood’s ratings are moderate, the area's economic opportunities bolster the potential for high occupancy and rental rates in the tourism sector.
Economic and Tenant Stability Risk The combined scores of 60/100 for both economic and tenant stability indicate potential volatility, making it likely that rental income could fluctuate or be jeopardized by economic downturns or tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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