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.
2-bedroom, 2-bathroom house of 105 m², built in 1950, energy rating E. Located Odeleite parish, Castro Marim municipality, Faro district. Noteworthy Features: This property boasts three distinct patios along with a vineyard and fruit trees, providing diverse outdoor environments for relaxation and social gatherings.
The valuation. The asking price of €270,000 is significantly below its fair value of €456,999, creating a difference of €186,999 (40.9%). This presents an attractive opportunity, as the property is underpriced in the current market.
Fair value modelled at €456,999 from 6 comparable sales in the area. Asking €270,000 sits €186,999 (40.9%) below — the upside to fair value.
Asking €270,000 versus the Odeleite, Castro Marim, Faro area baseline of €441,070 (€4,201/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 39/100 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 €441,070, adjusted for condition and micro-location, gives a modelled fair value of €456,999 (€4,352/m²), a €186,999 (40.9%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Odeleite · 2ce23e | Subject | €270,000 | €2,571 | — | 40 | 62 |
| Castro Marim · cd0956 | Active | €1,250,000 | €4,808 | 87.0% | — | 61 |
| avenida Ministro Duarte Pacheco, 44 | Active | €212,000 | €3,072 | 19.5% | 25 | 53 |
| Altura · 99f26e | Active | €990,000 | €5,625 | 118.8% | 60 | 57 |
| Azinhal · 62710e | Active | €265,000 | €3,897 | 51.6% | 55 | 52 |
| Median comp | €627,500 | €4,353 | 69.3% | 55 | 55 |
Long-term rental This property in Odeleite offers significant upside, with its current listing price of €270,000 being approximately 40.9% below the fair valuation of €456,999. While the gross yield is currently 0%, the favorable location near the coast suggests potential for substantial long-term rental demand. Short-term vacation rental With the property listed at €270,000 and a fair value of €456,999, this investment presents a compelling opportunity in the short-term vacation rental market, leveraging its proximity to tourist attractions. Although it requires improvements given its condition rating of 39/100, the appealing location is likely to attract visitors seeking accommodations. Buy-and-hold Acquiring this property at €270,000, significantly below its fair value of €456,999, positions investors for strong capital appreciation over time. Despite its current condition rating of 39/100, the burgeoning tourist activity in Castro Marim makes this an attractive long-term investment for future gains.
Moderate Tenant Turnover Risk With a tenant stability score of 65/100, there is a moderate risk of turnover which could lead to periods of vacancy and associated costs impacting overall 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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