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, 3-bathroom house of 166 m², energy rating B. Located on largo da Igreja S / N, Moncarapacho e Fuseta parish, Olhão municipality, Faro district. Featuring meticulously restored brick vaulted ceilings and a rooftop terrace overlooking Fuseta, this home harmoniously blends historical charm with modern living while maintaining exceptional privacy.
The valuation. The asking price of €1,990,000 significantly exceeds the fair value of €777,874 by €1,212,126, representing a markup of 155.8%. Verdict: overpriced. Buy-to-flip angle. Given the high asking price and aesthetic quality, a resale strategy would require substantial market appreciation, challenging given current valuations. Buy-to-let angle. The property’s average gross yield is currently 0%, making it unsuitable for rental income without substantial value adjustment or reconfiguration to increase its appeal for rentals.
Fair value modelled at €777,874 from 6 comparable sales in the area. Asking €1,990,000 sits €1,212,126 (155.8%) above — overpriced versus fair value.
Asking €1,990,000 versus the largo da Igreja S / N area baseline of €627,294 (€3,779/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €627,294, adjusted for condition and micro-location, gives a modelled fair value of €777,874 (€4,686/m²), a €1,212,126 (155.8%) gap versus the €1,990,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo da Igreja S / N | Subject | €1,990,000 | €11,988 | — | 77 | 60 |
| Moncarapacho e Fuseta · efdd41 | Active | €599,000 | €5,076 | 57.7% | 80 | 56 |
| praça da República | Active | €799,000 | €4,296 | 64.2% | 75 | 70 |
| caminho de Sao Sebastiao | Active | €1,395,000 | €6,643 | 44.6% | 82 | 62 |
| rua Gonçalo Velho | Active | €495,000 | €9,519 | 20.6% | 76 | 70 |
| Median comp | €699,000 | €5,860 | 51.1% | 78 | 66 |
Short-term vacation rental Given the significantly inflated asking price of €1,990,000, the property does not align with the expected return from short-term vacation rentals, which are effectively yielding 0%. With a fair value of €777,874, this strategy would fail to generate profitable occupancy while the neighborhood scores at a subpar 60/100. Buy-and-hold The prospect of a long-term buy-and-hold investment is compromised with the property's valuation at €1,990,000, well above its fair value of €777,874, indicating that the investment is overpriced. Given the 0% yield and a neighborhood condition rating of 81/100, future appreciation might not justify the initial capital outlay. Family rental As a family rental option, the property falls short of being a viable investment at a listing price of €1,990,000, which is vastly above the fair value of €777,874. With a yield of 0% and a neighborhood quality score of 60/100, it lacks the potential to attract stable family tenants effectively.
Risk of Economic Instability With an economic stability score of 60/100, the property could be vulnerable to market fluctuations that 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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