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.
4-bedroom, 1-bathroom country_house of 242 m², energy rating F. Located Algoz e Tunes parish, Silves municipality, Faro district. This property includes a large plot with established fruit trees, offering a unique opportunity for sustainable living or agricultural development in a rural setting.
The valuation. The asking price of €650,000 is significantly above the fair value of €534,251, reflecting a premium of €115,749 (21.7%). This property is considered overpriced in the current market. Buy-to-flip angle. Given the basic condition of the property, the buy-to-flip strategy would focus on cosmetic renovations to enhance appeal, potentially allowing for a profitable resale in the tourist-heavy Algarve market. Buy-to-let angle. With an estimated gross yield of 6.5% (~€3,521/month), this property could provide steady rental income through short-term vacation rentals, leveraging its location's tourist attractions for consistent occupancy.
Fair value modelled at €534,251 from 6 comparable sales in the area. Asking €650,000 sits €115,749 (21.7%) above — overpriced versus fair value.
Asking €650,000 versus the Algoz e Tunes, Silves, Faro area baseline of €739,569 (€3,056/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 30/100 is below the parish average, reducing 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 €739,569, adjusted for condition and micro-location, gives a modelled fair value of €534,251 (€2,208/m²), a €115,749 (21.7%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Algoz e Tunes · 76ab9d | Subject | €650,000 | €2,686 | — | 35 | 72 |
| jardim 2 Lojas no Centro de Algoz | Active | €215,900 | €744 | 72.3% | 30 | 73 |
| Algoz e Tunes · ade576 | Active | €750,000 | €3,000 | 11.7% | — | 74 |
| Algoz e Tunes · 4ba651 | Active | €280,000 | €1,530 | 43.0% | — | 71 |
| rua da Igreja, 55 | Active | €149,000 | €1,585 | 41.0% | 20 | 71 |
| Median comp | €247,950 | €1,558 | 42.0% | 25 | 72 |
Short-term vacation rental The property, priced at €650,000, exceeds its fair value of €534,251 by 21.7%, making it a less favorable investment for short-term vacation rentals. Additionally, while the area is tourist-heavy, the condition score of 30/100 suggests that significant renovations may be needed to attract higher-paying guests. Long-term rental At a listing price of €650,000, this property is overpriced by 21.7% compared to its fair market value of €534,251, which raises concerns about long-term rental viability. With a decent gross yield of 6.5%, the investment may struggle to meet tenant expectations given its low condition score and potential maintenance costs. Buy-and-hold The €650,000 asking price is 21.7% above the fair value of €534,251, indicating that the buy-and-hold strategy may not yield the desired appreciation over time. While the neighborhood has a respectable score of 72/100, the property’s 30/100 condition indicates significant future investment will be necessary to maintain its value and appeal in this competitive market.
Economic Vulnerability The economic stability score of 65/100 indicates potential risks due to fluctuations in the local economy that could impact investment returns.
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