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, 2-bathroom country_house of 105 m², built in 1937, energy rating E. Located Odeleite parish, Castro Marim municipality, Faro district. Noteworthy Features: The property includes a separate meadow with agricultural suitability across the road, offering potential for cultivation or other country living projects.
The valuation. The asking price of €270,000 sits significantly below the fair value of €409,191, making it underpriced by €139,191 (34.0%). This presents a unique investment opportunity to acquire at a favorable market position.
Fair value modelled at €409,191 from 5 comparable sales in the area. Asking €270,000 sits €139,191 (34.0%) below — the upside to fair value.
Asking €270,000 versus the Odeleite, Castro Marim, Faro area baseline of €392,159 (€3,735/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 39/100 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 €392,159, adjusted for condition and micro-location, gives a modelled fair value of €409,191 (€3,897/m²), a €139,191 (34.0%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Odeleite · 76aca9 | Subject | €270,000 | €2,571 | — | 38 | 50 |
| Castro Marim · cd0956 | Active | €1,250,000 | €4,808 | 87.0% | — | 61 |
| avenida Ministro Duarte Pacheco, 44 | Active | €212,000 | €3,072 | 19.5% | 25 | 53 |
| Altura · 99f26e | Active | €990,000 | €5,625 | 118.8% | 60 | 57 |
| Azinhal · 62710e | Active | €265,000 | €3,897 | 51.6% | 55 | 52 |
| Median comp | €627,500 | €4,353 | 69.3% | 55 | 55 |
Long-term rental The property in Odeleite represents an opportunity for long-term rental, with a fair value significantly exceeding the listing price, creating a potential for attractive rental returns. However, with a yield of 0% gross, careful consideration should be given to the property's condition and tenant quality, which are rated 39/100 and 50/100 respectively. Short-term vacation rental Investing in short-term vacation rental in Odeleite could leverage the area's rural Algarve appeal, with tourism being a key economic driver. While the property is considered underpriced against its fair value, its current condition may require additional investment to attract guests, as indicated by a low condition score of 39/100. Buy-and-hold The buy-and-hold strategy is promising for the Odeleite property due to its significant gap versus fair value, suggesting long-term appreciation potential. Nevertheless, prospective investors should remain mindful of the property's modest condition and neighbourhood ratings, with scores of 39/100 and 50/100 respectively, which may affect overall performance over time.
Economic Vulnerability The low economic stability score of 45/100 indicates a high risk of financial downturns affecting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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