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.
6-bedroom, 0-bathroom country_estate of 158 m², energy rating E. Located Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy Features: This country estate includes approximately 5 hectares of arable land, offering ample space for agricultural use or the development of rural tourism projects, subject to planning permissions.
The valuation. The asking price of €699,000 is significantly above the fair value of €574,437, marking an excessive premium of €124,563 (21.7%). This property is overpriced for the current market conditions.
Fair value modelled at €574,437 from 6 comparable sales in the area. Asking €699,000 sits €124,563 (21.7%) above — overpriced versus fair value.
Asking €699,000 versus the Algoz e Tunes, Silves, Faro area baseline of €628,886 (€3,980/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 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 €628,886, adjusted for condition and micro-location, gives a modelled fair value of €574,437 (€3,636/m²), a €124,563 (21.7%) gap versus the €699,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Algoz e Tunes · 76b494 | Subject | €699,000 | €4,424 | — | 45 | 67 |
| Algoz e Tunes · 1e6006 | Active | €990,000 | €7,734 | 74.8% | 12 | 74 |
| Algoz e Tunes · 800492 | Active | €650,000 | €4,167 | 5.8% | 48 | 65 |
| Algoz e Tunes · 483b73 | Active | €600,000 | €2,830 | 36.0% | 20 | 64 |
| Algoz e Tunes · 5e619d | Active | €860,000 | €3,105 | 29.8% | 68 | 74 |
| Median comp | €755,000 | €3,636 | 17.8% | 34 | 70 |
Short-term vacation rental This property is overpriced by 21.7%, which severely limits its potential as a short-term vacation rental, given the current yield of 0%. Additionally, while the location in Algarve is appealing for tourists, the lack of a strong local economy and amenities for permanent residents could hinder sustainable occupancy rates. Long-term rental The gap between the listing price and fair value suggests that this property is not an attractive option for long-term rental investments, especially with a yield of 0%. The condition rating of 49/100 indicates significant renovation needs, which further detracts from its investment viability in the long-term rental market. Buy-and-hold Given the current overpricing, the potential for appreciation when buying and holding this property is limited, making it a less attractive long-term strategy. Furthermore, the low quality of the neighborhood, with a rating of 67/100, raises concerns about tenant quality and property maintenance over time.
Economic Vulnerability With an economic stability score of 65/100, there is a heightened risk of local economic downturns affecting rental income and property values.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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