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 country_house of 155 m², built in 1951. Located Alferce parish, Monchique municipality, Faro district. Noteworthy Features: This property includes a functional water source with a stream and a spring, alongside extensive flat arable land and around 500 orange trees, ideal for agricultural development.
The valuation. The asking price of €330,000 sits €17,156 above the fair value of €312,844, indicating a slight premium of 5.5%. While the property is not severely overpriced, it does not present an advantageous position for buyers. Buy-to-flip angle. The resale strategy for this property could involve renovating the severely aged materials to attract buyers seeking quality finishes, targeting a market price significantly above the acquisition cost. Enhanced visual appeal can facilitate a favorable turnaround in the competitive Algarve market. Buy-to-let angle. With an estimated gross yield of 0% due to the current condition, a buy-and-hold strategy could involve transforming the property into a desirable short-term vacation rental to capitalize on the Algarve's tourism trends. Upgrades aimed at quality furnishings would maximize rental income potential in this popular area.
Fair value modelled at €312,844 from 6 comparable sales in the area. Asking €330,000 sits €17,156 (5.5%) above — overpriced versus fair value.
Asking €330,000 versus the Alferce, Monchique, Faro area baseline of €330,435 (€2,132/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 10/100 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 €330,435, adjusted for condition and micro-location, gives a modelled fair value of €312,844 (€2,018/m²), a €17,156 (5.5%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alferce · 9d2924 | Subject | €330,000 | €2,129 | — | — | 73 |
| Monchique · 0dcc34 | Active | €150,000 | €1,339 | 37.1% | — | 63 |
| São Bartolomeu de Messines · 83152f | Active | €215,000 | €1,972 | 7.4% | — | 73 |
| São Bartolomeu de Messines · 0324a2 | Active | €225,000 | €2,064 | 3.0% | — | 73 |
| autoestrada CM | Active | €390,000 | €5,417 | 154.4% | 20 | 70 |
| Median comp | €220,000 | €2,018 | 5.2% | 20 | 72 |
Long-term rental The potential for long-term rental is limited due to a 0% gross yield and the property's current condition rating of 10/100, indicating significant investment needs. Although the neighbourhood has a decent score of 73/100, the overall analysis suggests this property may not attract strong, stable tenants for a sustainable long-term rental strategy. Short-term vacation rental With the property situated in the tourism-driven Algarve region, there is some opportunity for short-term vacation rental, though the current fair value suggests a modest 5.5% gap, limiting profitability. The 10/100 condition rating requires substantial upfront investment, which may deter potential customers seeking high-quality accommodations. Buy-and-hold Engaging in a buy-and-hold strategy with this property may not yield optimal results, given the 0% gross yield and the property’s poor condition rating of 10/100. While the neighbourhood offers promising scores, this home does not signify a strategic long-term asset investment for future gains, as it fails to present a significant appreciation opportunity.
Moderate Economic Risk With an economic stability score of 65/100, the property may face challenges in maintaining consistent rental income due to potential local economic fluctuations.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
