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.
6-bedroom, 6-bathroom house of 546 m², built in 1999, energy rating A. Located on rua Cristóvão Pires Norte, 601, Almancil parish, Loulé municipality, Faro district. This property features a gourmet kitchen equipped with premium appliances and a spacious entertainment area that seamlessly connects to outdoor lounge spaces, enhancing its luxury appeal.
The valuation. The asking price of €1,995,000 is positioned €98,558 (4.7%) below the fair value of €2,093,558, indicating that this property is priced fairly within the current market. Buy-to-flip angle. The strategy focuses on leveraging the property’s high-quality finishes and desirable location for a short-term vacation rental, optimizing resale value through strategic renovations. Buy-to-let angle. With an estimated gross yield of 5.7%, anticipated rental income of around €9,476/month presents a solid buy-and-hold investment opportunity in Almancil, particularly appealing in the Algarve’s seasonal market.
Fair value modelled at €2,093,558 from 4 comparable sales in the area. Asking €1,995,000 sits €98,558 (4.7%) below — the upside to fair value.
Asking €1,995,000 versus the rua Cristóvão Pires Norte, 601 area baseline of €2,021,707 (€3,703/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 92/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €2,021,707, adjusted for condition and micro-location, gives a modelled fair value of €2,093,558 (€3,834/m²), a €98,558 (4.7%) gap versus the €1,995,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cristóvão Pires Norte, 601 | Subject | €1,995,000 | €3,654 | — | 92 | 62 |
| rua do Comércio, 462A | Active | €1,875,000 | €3,834 | 4.9% | 78 | 65 |
| rua do Comércio, 462A | Active | €1,875,000 | €3,834 | 4.9% | 76 | 63 |
| Almancil · 90d866 | Active | €1,100,000 | €2,750 | 24.7% | 78 | 64 |
| Almancil · 28bbfe | Active | €1,695,000 | €4,788 | 31.0% | 82 | 61 |
| Median comp | €1,785,000 | €3,834 | 4.9% | 78 | 64 |
Short-term vacation rental The property’s strategic location near Algarve's major tourist attractions supports strong demand for short-term rentals, evidenced by a promising gross yield of 5.7%. However, with a neighborhood quality rating of 62/100, the overall appeal may be limited during offseason periods. Buy-and-hold Investing in this property offers a stable investment opportunity with a fair value of €2,093,558, closely aligned with its listing price of €1,995,000. While the property maintains high condition ratings, the neighborhood's score of 62/100 suggests moderate long-term appreciation potential in this area. Value-add renovation Given the high condition score of 92/100, any renovations should focus on enhancing amenities and aesthetics to justify premium pricing. This property stands as a fair opportunity for value-added improvements, but market sentiment in a neighborhood rated 62/100 must be considered before proceeding with major investments.
Potential Vacancy Risk The property has a tenant stability score of 55/100, indicating a potential risk of higher vacancy rates if tenants are less secure in their rental circumstances.
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