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 58 m², built in 1951, energy rating F. Located on rua Maria Estefânia Santos, 15, Ferragudo parish, Lagoa municipality, Faro district. Noteworthy Features: The property includes original hardwood floors and terracotta tiles, reflecting traditional craftsmanship, alongside a potential for expansion into a T3 with project approval.
The valuation. The asking price of €249,900 is significantly above fair value at €186,740, representing an overpricing of €63,160 (33.8%). This valuation indicates a property that is not a financially sound investment at its current asking price.
Fair value modelled at €186,740 from 6 comparable sales in the area. Asking €249,900 sits €63,160 (33.8%) above — overpriced versus fair value.
Asking €249,900 versus the rua Maria Estefânia Santos, 15 area baseline of €258,017 (€4,449/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 44/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €258,017, adjusted for condition and micro-location, gives a modelled fair value of €186,740 (€3,220/m²), a €63,160 (33.8%) gap versus the €249,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Maria Estefânia Santos, 15 | Subject | €249,900 | €4,309 | — | 46 | 71 |
| Portimão · 19f6a9 | Active | €179,000 | €3,140 | 27.1% | 38 | 71 |
| rua Engenheiro Duarte Pacheco | Active | €320,000 | €3,299 | 23.4% | 58 | 74 |
| largo António Joaquim Júdice, 19 | Active | €225,000 | €3,750 | 13.0% | 50 | 70 |
| Portimão · 07fc2e | Active | €298,000 | €2,661 | 38.2% | 51 | 73 |
| Median comp | €261,500 | €3,220 | 25.3% | 51 | 72 |
Short-term vacation rental Despite its location within the Algarve tourism zone, the property at €249,900 represents a significant 33.8% gap from its fair value of €186,740, marking it as overpriced. With a gross yield of 6.5%, the financial attractiveness is diminished when considering the pricing versus actual market conditions. Long-term rental While the potential for a gross yield of 6.5% exists, the property's price of €249,900 is 33.8% higher than its fair value of €186,740, indicating it is overpriced. Given the seasonal economic variability tied to tourism, committing to a long-term rental may expose investors to additional risk. Buy-and-hold Investing in this property as a buy-and-hold strategy is complicated due to its listing price of €249,900 being 33.8% above the fair value of €186,740, categorizing it as overpriced. The existing condition score of 44/100 also suggests that long-term appreciation may be hindered, further complicating the investment outlook.
Economic Vulnerability With an economic stability score of 65/100, there is a risk of economic downturns impacting tenant retention and rental income stability, which may pose challenges for property cash flow.
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