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.
0-bedroom, 1-bathroom house of 728 m², energy rating G. Located Estômbar e Parchal parish, Lagoa municipality, Faro district. Noteworthy Features: This property has an approved project for a tourist resort, allowing the construction of 15 semi-detached houses and various recreational facilities on a large 4690 m2 plot.
The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate. The unique characteristics of the property make it challenging to ascertain a precise value.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Estômbar e Parchal · 51ca64 | Subject | €1,450,000 | €1,992 | — | — | 71 |
| rua Doutor João Rocha Cardoso | Active | €229,000 | €2,411 | 21.0% | 30 | 71 |
| largo António Joaquim Júdice, 19 | Active | €225,000 | €3,750 | 88.3% | 50 | 70 |
| Estômbar e Parchal · 1624b2 | Active | €427,000 | €3,235 | 62.4% | 60 | 76 |
| Estômbar e Parchal · 5b8843 | Active | €700,000 | €2,800 | 40.6% | — | 76 |
| Median comp | €328,000 | €3,018 | 51.5% | 50 | 74 |
Long-term rental The property's location in a popular tourist region of the Algarve presents a strong opportunity for long-term rental given the area's reliance on tourism and the generous amenities available. However, the house's current condition at 0/100 necessitates significant investment to become a viable rental option. Short-term vacation rental With its proximity to the coast and the lively expat community, this property could attract short-term vacation rentals, appealing to the tourist demographic seeking leisure accommodations. The lack of current yield reflects the need for renovations, which could unlock the potential for attractive yields in a thriving rental market. Family rental Despite its suboptimal condition, this property's spacious 728m² offers the potential to appeal to families seeking accommodation in a desirable area, particularly given the solid neighborhood score of 71/100. The proximity to both amenities and natural attractions positions it well for family-oriented tenants once improvements are made.
Economic Instability Risk The economic stability score of 55/100 indicates a potential risk of future economic fluctuations that could impact rental income or property value.
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Not enough comparable sales in this area to confidently estimate a fair value.
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