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 125 m², built in 1995, energy rating C. Located Altura parish, Castro Marim municipality, Faro district. Noteworthy Features: This property boasts a picturesque private backyard garden tailored for outdoor dining and BBQs, perfect for entertaining friends and family in a serene coastal setting.
The valuation. The asking price of €700,000 is significantly above the fair value of €475,456, reflecting an overpricing of €224,544 or 47.2%. This price point raises concerns regarding investment viability given the disparity with established market values.
Fair value modelled at €475,456 from 6 comparable sales in the area. Asking €700,000 sits €224,544 (47.2%) above — overpriced versus fair value.
Asking €700,000 versus the Altura, Castro Marim, Faro area baseline of €445,888 (€3,567/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €445,888, adjusted for condition and micro-location, gives a modelled fair value of €475,456 (€3,804/m²), a €224,544 (47.2%) gap versus the €700,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Altura · 76b0c2 | Subject | €700,000 | €5,600 | — | 68 | 53 |
| Vila Nova de Cacela · 4d4208 | Active | €466,000 | €3,641 | 35.0% | 72 | 53 |
| Vila Nova de Cacela · b7c2d5 | Active | €530,000 | €3,118 | 44.3% | 76 | 51 |
| rua do Alecrim | Active | €475,000 | €3,598 | 35.7% | 68 | 49 |
| urbanização Praia Verde | Active | €595,000 | €3,967 | 29.2% | — | 63 |
| Median comp | €502,500 | €3,620 | 35.4% | 72 | 52 |
Short-term vacation rental The property at €700,000 reflects a significant markup of 47.2% above its fair value of €475,456, which may hinder potential profitability in the short-term vacation rental market. With a gross yield of only 2.1%, the investment is not well-positioned to justify its elevated asking price. Buy-and-hold Given the current pricing of €700,000, this property stands 47.2% over its fair value, reducing its attractiveness as a long-term buy-and-hold asset. The combination of low yield at 2.1% and a neighborhood rating of 53/100 signals that the expected appreciation may not compensate for its high initial investment. Long-term rental At a listing price of €700,000, this property is overpriced by 47.2% compared to its fair value of €475,456, which presents a significant risk for long-term rental strategies. The current gross yield of 2.1% indicates limited cash flow potential in a neighborhood rated only 53/100, making it a less than ideal investment choice.
Economic Instability Risk The low economic stability score of 45/100 indicates a potential for fluctuating property values and economic downturns that could adversely affect rental income and property appreciation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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