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 country_house of 160 m², energy rating E. Located Mexilhoeira Grande parish, Portimão municipality, Faro district. Noteworthy Features: The property boasts extensive private grounds with two lakes, and is equipped with a solar panel system for energy independence, enhancing its appeal for sustainable living. Potential Uses: With significant land area, it holds promise for development into a rural tourism project. Location Benefits: Nestled in a tranquil natural area, yet only 20 minutes from coastal amenities like Portimão and popular beaches.
The valuation. The asking price of €649,000 sits 4.2% above the fair value of €622,989. This positions the property as fairly priced, though it offers limited opportunity for immediate equity gain.
Fair value modelled at €622,989 from 6 comparable sales in the area. Asking €649,000 sits €26,011 (4.2%) above — overpriced versus fair value.
Asking €649,000 versus the Mexilhoeira Grande, Portimão, Faro area baseline of €576,398 (€3,602/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €576,398, adjusted for condition and micro-location, gives a modelled fair value of €622,989 (€3,894/m²), a €26,011 (4.2%) gap versus the €649,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Mexilhoeira Grande · 9af6c5 | Subject | €649,000 | €4,056 | — | 54 | 76 |
| rua Serpa Pinto | Active | €695,000 | €5,940 | 46.4% | 60 | 80 |
| ladeira de Nora | Active | €695,000 | €6,619 | 63.2% | 65 | 72 |
| Mexilhoeira Grande · 19f5fe | Active | €500,000 | €4,167 | 2.7% | 42 | 61 |
| Mexilhoeira Grande · 9388e2 | Active | €369,000 | €3,075 | 24.2% | 75 | 71 |
| Median comp | €597,500 | €5,054 | 24.6% | 63 | 72 |
Short-term vacation rental The property in Mexilhoeira Grande has potential for short-term vacation rental in a popular tourist area, with a fair value indicating stability in pricing. The gross yield of 3.7% suggests it can generate reasonable rental income amidst the competitive Algarve market. Buy-and-hold Investing in this property as a buy-and-hold strategy presents a decent opportunity given its fair market valuation and positive neighborhood rating of 76/100. The long-term stability and location in a tourist area could lead to capital appreciation over time, but there are no significant bargains to be had at the current listing price. Family rental While this property is fairly valued and located in an attractive region, its yield of 3.7% indicates limited upside for long-term family rentals compared to other investments. The condition rating of 61/100 may require future renovations to appeal to long-term renters, which should be factored into any decision to acquire.
Economic Volatility Risk The economic stability score of 65/100 indicates potential fluctuations in local economic conditions that could impact tenant retention and 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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