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 203 m², built in 1984, energy rating C. Located on rua do Barrocal S / N, Altura parish, Castro Marim municipality, Faro district. This property features a large rooftop terrace with sweeping views and an independent two-bedroom apartment, enhancing its appeal for both family living and rental opportunities.
The valuation. The asking price of €520,000 for this 3-bed, 3-bath house is significantly below fair value at €652,225, indicating that it is underpriced by €132,225, or 20.3%.
Fair value modelled at €652,225 from 6 comparable sales in the area. Asking €520,000 sits €132,225 (20.3%) below — the upside to fair value.
Asking €520,000 versus the rua do Barrocal S / N area baseline of €572,323 (€2,819/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €572,323, adjusted for condition and micro-location, gives a modelled fair value of €652,225 (€3,213/m²), a €132,225 (20.3%) gap versus the €520,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Barrocal S / N | Subject | €520,000 | €2,562 | — | 74 | 54 |
| urbanização Bela Praia | Active | €450,000 | €1,490 | 41.8% | 68 | 64 |
| Vila Nova de Cacela · 7caa30 | Active | €475,000 | €2,827 | 10.4% | 72 | 60 |
| rua do Alecrim | Active | €475,000 | €2,827 | 10.4% | 65 | 61 |
| rua do Alecrim | Active | €475,000 | €3,598 | 40.5% | 65 | 56 |
| Median comp | €475,000 | €2,827 | 10.4% | 67 | 61 |
Short-term vacation rental The property’s location in rural Algarve has potential for attracting vacationers seeking authentic local experiences, making it a promising candidate for a short-term rental strategy. With a gross yield of 3.1% and a fair value significantly higher than the listing price, this investment can offer both cash flow and appreciation. Buy-and-hold Given the fair value of €652,225, acquiring this property at €520,000 provides immediate equity and potential for future price growth as the neighborhood develops. The 3.1% yield coupled with a reasonable condition score of 74/100 suggests it could serve as a stable long-term investment in a recovering market. Value-add renovation The property’s fair value indicates significant upside potential through strategic renovations, which could enhance its condition score and appeal in the marketplace. Investing in updates could position the property better to capture increased rental income and capitalize on the growing demand in the area due to tourism.
Tenant turnover risk The tenant stability score of 60/100 suggests a moderate risk of tenant turnover, which could lead to increased vacancy rates and lost rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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