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 house of 120 m², built in 1988, energy rating D. Located Santa Bárbara de Nexe parish, Faro municipality, Faro district. This property includes two large unlicensed warehouses offering flexible usage options, complemented by a remodeled round pool and dedicated outdoor dining space, enhancing its appeal for leisure and lifestyle.
The valuation. The asking price of €740,000 is significantly above the fair value of €550,469, representing an overpricing of €189,531 (34.4%). This property cannot be considered a deal in the current market conditions.
Fair value modelled at €550,469 from 6 comparable sales in the area. Asking €740,000 sits €189,531 (34.4%) above — overpriced versus fair value.
Asking €740,000 versus the Santa Bárbara de Nexe, Faro, Faro area baseline of €503,686 (€4,197/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €503,686, adjusted for condition and micro-location, gives a modelled fair value of €550,469 (€4,587/m²), a €189,531 (34.4%) gap versus the €740,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Bárbara de Nexe · f10c21 | Subject | €740,000 | €6,167 | — | 75 | 70 |
| Santa Bárbara de Nexe · 4d476a | Active | €840,000 | €4,098 | 33.6% | 74 | 51 |
| estrada Joaquim Rosa Pinto | Active | €1,980,000 | €5,077 | 17.7% | 79 | 60 |
| estrada Joaquim Rosa Pinto | Active | €1,980,000 | €5,077 | 17.7% | 80 | 71 |
| caminho da Goldra | Active | €1,200,000 | €2,727 | 55.8% | 81 | 73 |
| Median comp | €1,590,000 | €4,588 | 25.6% | 80 | 66 |
Short-term vacation rental The property is overpriced at €740,000, significantly above the fair value of €550,469, creating a concerning 34.4% gap. Given its proximity to the Algarve coast, while it may attract tourists, the 0% yield indicates it's not a viable investment for short-term rentals. Long-term rental With a fair value of €550,469, the property is overpriced at €740,000, making it less attractive for long-term rental opportunities. The neighborhood's tenant quality score of 70/100 indicates some potential, but the 0% yield suggests it may not generate reliable rental income. Buy-and-hold This property, priced at €740,000 and thus overpriced, presents challenges for a buy-and-hold strategy due to the significant fair value gap of 34.4%. While the location has tourist appeal, the absence of a rental yield and the mixed condition ratings suggest this investment may underperform in the long term.
Economic and Tenant Instability With both economic stability and tenant stability scores at 65/100, there is a heightened risk of fluctuating rental income and potential vacancies due to insufficient tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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