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, 1-bathroom house of 81 m² on the 2nd floor, built in 1984, energy rating C. Located on rua Magalhães Lima, 2, Moncarapacho e Fuseta parish, Olhão municipality, Faro district. Noteworthy Features: This property includes an approved project for a two-story townhouse with a terrace and sea view, enhancing its potential for expanding living space.
The valuation. The asking price of €425,000 is significantly below the fair value of €574,504, indicating that the property is underpriced by €149,504, or 26.0%. This offers a substantial investment opportunity in the current market.
Fair value modelled at €574,504 from 6 comparable sales in the area. Asking €425,000 sits €149,504 (26.0%) below — the upside to fair value.
Asking €425,000 versus the rua Magalhães Lima, 2 area baseline of €510,579 (€6,303/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting 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 €510,579, adjusted for condition and micro-location, gives a modelled fair value of €574,504 (€7,093/m²), a €149,504 (26.0%) gap versus the €425,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Magalhães Lima, 2 | Subject | €425,000 | €5,247 | — | 72 | 62 |
| rua Gonçalo Velho | Active | €495,000 | €9,519 | 81.4% | 76 | 70 |
| rua Nossa Senhora do Carmo | Active | €315,000 | €3,150 | 40.0% | 70 | 60 |
| Moncarapacho e Fuseta · b45349 | Active | €475,000 | €6,985 | 33.1% | 73 | 61 |
| Luz de Tavira e Santo Estévão · 19f7b3 | Active | €864,000 | €7,200 | 37.2% | 70 | 70 |
| Median comp | €485,000 | €7,093 | 35.2% | 72 | 66 |
Short-term vacation rental The property's location in a tourism hotspot positions it well for short-term vacation rentals, tapping into the ongoing demand from travelers. With a fair value exceeding the asking price by 26.0%, this investment presents an attractive opportunity for generating premium rental income. Long-term rental Given the stable economic environment influenced by tourism, this property is well-suited for long-term rentals, attracting both local residents and expats. The attractive fair value indicates that this investment will likely yield solid returns over time. Buy-and-hold This property represents a compelling buy-and-hold opportunity thanks to its subvalued price and good condition score of 76/100, ensuring a strong market position for future appreciation. The strategic location in Moncarapacho e Fuseta, a growing area for expats, enhances its potential for value growth and rental demand.
Economic and Tenant Instability Risk: With both economic and tenant stability scores at 60/100, there is a risk of decreased rental income due to potential tenant turnover and local economic fluctuations adversely affecting property demand.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
