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 312 m², built in 1950. Located Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Noteworthy Features: This property includes two detached houses available for renovation, set on an expansive plot that offers breathtaking sea and mountain views, enhancing its development potential.
The valuation. The asking price of €1,302,000 is significantly above the fair value of €986,872, presenting an overpriced property by €315,128 (31.9%). Buyers should be cautious and conduct thorough due diligence before considering this investment.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Lagoa e Carvoeiro · 3a7196 | Subject | €1,302,000 | €4,173 | — | — | 70 |
| rua do Mato Serrão | Active | €535,000 | €5,350 | 28.2% | — | 70 |
| Lagoa e Carvoeiro · 4d4792 | Active | €270,000 | €1,688 | 59.6% | — | 71 |
| Lagoa e Carvoeiro · dc13cf | Active | €1,450,000 | €9,667 | 131.6% | — | 73 |
| Lagoa e Carvoeiro · 6d5568 | Active | €1,290,000 | €3,057 | 26.7% | — | 64 |
| Median comp | €912,500 | €4,204 | 0.7% | — | 71 |
Short-term vacation rental The property is overpriced at €1,302,000 compared to its fair value of €986,872, presenting a 31.9% gap that diminishes potential returns. With a gross yield of only 2.1%, the investment is unlikely to generate satisfactory cash flow, especially in a competitive tourist market. Long-term rental Given the significant overpricing of the property, the long-term rental strategy is not advisable, as the yield of 2.1% fails to justify the investment. Furthermore, the average condition rating of 0/100 indicates that costly renovations are likely needed before it can be actively rented. Buy-and-hold Investing in this property as a buy-and-hold strategy is challenging due to its overpriced listing at €1,302,000, which exceeds the fair market value. The potential return is hampered by the low gross yield of 2.1%, making it an unattractive choice for long-term appreciation in value.
Economic Vulnerability The economic stability score of 60/100 indicates a moderate risk of economic fluctuations impacting property performance negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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