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.
1-bedroom, 2-bathroom apartment of 66 m² on the 1st floor, built in 1991, energy rating D. Located Altura parish, Castro Marim municipality, Faro district. Unique Feature: This apartment boasts two bathrooms, enhancing convenience and practicality, especially for a one-bedroom layout in a sought-after coastal area.
The valuation. The asking price of €249,900 is 9.1% below the fair value of €274,938, indicating that this property sits at a fair valuation in the current market. Buy-to-flip angle. A potential buy-to-flip strategy could involve minor cosmetic updates to elevate the property’s appeal and yield a profit upon resale. Buy-to-let angle. With an estimated gross yield of 3.3%, the property can generate approximately €687/month, making it a solid candidate for a long-term rental in a tourism-rich area.
Fair value modelled at €274,938 from 6 comparable sales in the area. Asking €249,900 sits €25,038 (9.1%) below — the upside to fair value.
Asking €249,900 versus the Altura, Castro Marim, Faro area baseline of €286,638 (€4,343/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €286,638, adjusted for condition and micro-location, gives a modelled fair value of €274,938 (€4,166/m²), a €25,038 (9.1%) gap versus the €249,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · 2d8209 | Subject | €249,900 | €3,786 | — | 58 | 68 |
| urbanização Orlamar, 3 | Active | €355,000 | €4,733 | 25.0% | 58 | 56 |
| Altura · 38b74f | Active | €315,000 | €4,565 | 20.6% | 72 | 62 |
| avenida Manuel G. Rosa Mendes | Active | €290,000 | €3,766 | 0.5% | 65 | 61 |
| Altura · 4bbc8d | Active | €350,000 | €3,211 | 15.2% | 70 | 63 |
| Median comp | €332,500 | €4,166 | 10.0% | 68 | 62 |
Long-term rental The property at €249,900 reflects a fair valuation compared to its fair value of €274,938, indicating stability for long-term leasing. With a gross yield of 3.3%, this investment may not yield significant returns, especially in a moderately rated neighborhood with a score of 68. Short-term vacation rental At a listing price of €249,900, the property is fairly priced given its fair value assessment of €274,938. However, the 3.3% gross yield suggests limited income potential in the vacation rental market, particularly as the property is in a neighborhood with a modest score of 68. Buy-and-hold The apartment is priced fairly at €249,900, with a fair value indicating a slight premium at €274,938. Investors may appreciate the stability of holding, but the low yield of 3.3% alongside a neighborhood quality score of 68 suggests limited growth potential for long-term appreciation.
Tenant turnover risk The tenant stability score of 70/100 indicates a moderate potential for turnover, which could lead to increased vacancy rates and higher costs associated with finding new tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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