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 139 m², built in 2012, energy rating B. Located Altura parish, Castro Marim municipality, Faro district. The property features a renovated terrace with a built-in BBQ, perfect for outdoor entertaining, and high-quality marble staircases that enhance its elegant interior design.
The valuation. The asking price of €410,000 is situated below the fair value of €433,156, reflecting a 5.3% discount. This positions the property as a reasonable investment at its current market rate.
Fair value modelled at €433,156 from 6 comparable sales in the area. Asking €410,000 sits €23,156 (5.3%) below — the upside to fair value.
Asking €410,000 versus the Altura, Castro Marim, Faro area baseline of €372,577 (€2,680/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €372,577, adjusted for condition and micro-location, gives a modelled fair value of €433,156 (€3,116/m²), a €23,156 (5.3%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · 51cf4f | Subject | €410,000 | €2,950 | — | 78 | 56 |
| rua Direita | Active | €485,000 | €3,540 | 20.0% | 92 | 60 |
| Castro Marim · 8935f2 | Active | €995,000 | €3,566 | 20.9% | 74 | 53 |
| Vila Nova de Cacela · 1f3705 | Active | €525,000 | €2,692 | 8.7% | 80 | 61 |
| Vila Nova de Cacela · 3a722b | Active | €545,000 | €2,080 | 29.5% | 75 | 63 |
| Median comp | €535,000 | €3,116 | 5.6% | 78 | 61 |
Short-term vacation rental The property in Altura, Castro Marim could benefit from the tourism influx due to its proximity to the Algarve, but with a yield of just 3.4%, it's essential to manage expectations regarding returns. Given the fair valuation status, investors may find opportunities for incremental income via short-term rentals, though competition and economic seasonality should be considered. Buy-and-hold With a fair value aligned with the current listing, the 139m² house represents a stable long-term investment in an area that may appreciate over time due to its appeal to seasonal tourists. The 3.4% yield highlights the importance of holding for potential future value gains rather than immediate cash flow. Family rental This property is situated in a rural setting as a family rental, but the 56/100 neighbourhood rating may deter some potential tenants looking for higher amenities and services. While the current price is fair, investors should focus on maintaining the property condition to attract long-term family renters and sustain occupancy rates. Not ideal for The property's characteristics indicate it is not suitable for the student housing market due to its rural location and lower neighbourhood rating. Additionally, the luxury market and industrial investment strategies may face challenges given the existing condition and regional economic outlook.
Economic Vulnerability With an economic stability score of 50/100, there is a heightened risk of economic downturns negatively impacting the property's performance.
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