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, 3-bathroom house of 175 m², built in 1989, energy rating B. Located on rua Eça de Queirós, 43, Altura parish, Castro Marim municipality, Faro district. Noteworthy Features: This villa boasts an impressive fully prepared basement ready for customization and two spacious balconies that enhance outdoor leisure and views in a serene neighborhood setting.
The valuation. The asking price of €649,000 is slightly below the fair value of €659,035, making it approximately 1.5% underpriced relative to market assessments. This positioning reflects solid value for buyers in a moderate market.
Fair value modelled at €659,035 from 6 comparable sales in the area. Asking €649,000 sits €10,035 (1.5%) below — the upside to fair value.
Asking €649,000 versus the rua Eça de Queirós, 43 area baseline of €608,629 (€3,478/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 €608,629, adjusted for condition and micro-location, gives a modelled fair value of €659,035 (€3,766/m²), a €10,035 (1.5%) gap versus the €649,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Eça de Queirós, 43 | Subject | €649,000 | €3,709 | — | 75 | 53 |
| Vila Nova de Cacela · a80808 | Active | €575,000 | €3,966 | 6.9% | 80 | 59 |
| Castro Marim · 8935f2 | Active | €995,000 | €3,566 | 3.8% | 74 | 53 |
| Vila Nova de Cacela · f46aea | Active | €498,000 | €4,016 | 8.3% | 85 | 58 |
| rua Direita | Active | €485,000 | €3,540 | 4.5% | 92 | 60 |
| Median comp | €536,500 | €3,766 | 1.5% | 83 | 59 |
Long-term rental The property in Altura is priced at a fair value of €659,035, with a listing price of €649,000 resulting in a mere 1.5% gap. The gross yield of 2.3% suggests moderate rental returns, making it less compelling for long-term rental investors. Buy-and-hold At its listing price, this property simply meets fair value with a minimal gap of 1.5%. Given the moderate yield of 2.3%, the appreciation potential does not seem strong enough to justify a buy-and-hold strategy. Value-add renovation With a property condition score of 76/100, there is potential for improvement, but the current pricing is aligned with fair market value. Renovation efforts may enhance its appeal; however, the modest gap of 1.5% suggests that significant value may already be accounted for at the asking price.
Economic Risk The economic stability score of 45/100 indicates a weak market environment, which may lead to decreased property value and rental demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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