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, 2-bathroom house of 130 m², built in 1951. Located Bordeira parish, Aljezur municipality, Faro district. Noteworthy Features: The property includes a substantial area suitable for a garage or workshop, and benefits from southeast solar orientation, enhancing its potential for natural light and energy efficiency post-renovation.
The valuation. The asking price of €240,000 positions the property at €313,378 (56.6%) below fair value, suggesting it is subpriced considerably compared to the estimated value of €553,378. Buy-to-flip angle. The strategy here would involve engaging in renovations to enhance the property's condition, leveraging its underpriced status, and then quickly reselling for a profit in the tourist-heavy market. Buy-to-let angle. Given the area's strong tourist demand, a buy-and-hold strategy focusing on short-term vacation rentals could generate significant cash flow, although the current gross yield stands at 0%.
Fair value modelled at €553,378 from 5 comparable sales in the area. Asking €240,000 sits €313,378 (56.6%) below — the upside to fair value.
Asking €240,000 versus the Bordeira, Aljezur, Faro area baseline of €715,371 (€5,503/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 13/100 is below the parish average, reducing 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 €715,371, adjusted for condition and micro-location, gives a modelled fair value of €553,378 (€4,257/m²), a €313,378 (56.6%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Bordeira · 76b486 | Subject | €240,000 | €1,846 | — | — | 62 |
| travessa do Castelo | Active | €360,000 | €1,748 | 5.3% | — | 70 |
| Bordeira · 1f33ac | Active | €315,000 | €4,315 | 133.7% | 40 | 69 |
| rua da Boavista, 1 | Active | €315,000 | €4,257 | 130.6% | 40 | 68 |
| travessa do Castelo | Active | €460,000 | €2,233 | 21.0% | 60 | 68 |
| Median comp | €337,500 | €3,245 | 75.8% | 40 | 69 |
Short-term vacation rental The property in Bordeira, Aljezur, with its high fair value of €553,378 compared to the listing price of €240,000, demonstrates a substantial 56.6% gap, indicating an excellent investment opportunity for short-term vacation rentals. The tourist-heavy location supports consistent occupancy rates, capitalizing on seasonal demand while generating positive cash flow. Buy-and-hold With a fair value significantly exceeding the asking price, the 3-bed house in Bordeira offers a strong buy-and-hold investment prospect, leveraging the area's long-term appreciation potential. The combination of low crime rates and decent neighborhood amenities bodes well for value sustainability over time. Family rental Given the fair value assessment, this property represents a promising option for family rentals, as its price of €240,000 is attractively positioned against the local market. The neighborhood's appeal for families, supported by low crime and essential amenities, enhances the likelihood of stable, long-term tenant occupancy.
Economic Vulnerability The economic stability score of 55/100 indicates a potential for economic downturns that could affect rent prices and property value.
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