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 apartment of 63 m² on the 3rd floor, energy rating F. Located on rua Dom Pedro IV, Altura parish, Castro Marim municipality, Faro district. Noteworthy Features: The apartment's third-floor position maximizes natural light and ocean views, while the south-facing balcony enhances its appeal as a serene retreat for beach lovers.
The valuation. The asking price of €278,000 sits above the fair value of €255,421 by €22,579 (8.8%). Therefore, the property is fairly valued for the current market conditions.
Fair value modelled at €255,421 from 6 comparable sales in the area. Asking €278,000 sits €22,579 (8.8%) above — overpriced versus fair value.
Asking €278,000 versus the rua Dom Pedro IV area baseline of €243,454 (€3,864/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €243,454, adjusted for condition and micro-location, gives a modelled fair value of €255,421 (€4,054/m²), a €22,579 (8.8%) gap versus the €278,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom Pedro IV | Subject | €278,000 | €4,413 | — | 62 | 58 |
| rua 17 de Julho | Active | €280,000 | €4,058 | 8.0% | 65 | 66 |
| Vila Nova de Cacela · 86cbdd | Active | €320,000 | €4,051 | 8.2% | 75 | 46 |
| avenida Manuel G. Rosa Mendes S / N | Active | €280,000 | €2,718 | 38.4% | 75 | 58 |
| rua de Real Village | Active | €449,000 | €4,989 | 13.1% | 75 | 61 |
| Median comp | €300,000 | €4,055 | 8.1% | 75 | 60 |
Long-term rental The 2-bed apartment in Altura presents a fair investment opportunity with a gross yield of 3.5%. While the property is in a rural setting with a decent condition score of 72/100, its valuation at €278,000 aligns closely with the fair value of €255,421, suggesting it will cater well to stable, more long-term tenants who prioritize affordability over luxury. Family rental With a space of 63m², this property could effectively serve families looking for a long-term residence in a region known for its serene environment. Despite the neighbourhood score of 58/100 limiting its appeal somewhat, the apartment's fair status and reasonable yield make it suitable for families seeking comfortable living arrangements away from the hustle and bustle. Short-term vacation rental The property is not well-suited for short-term vacation rentals due to its location and standard of amenities, reflected in its modest neighbourhood rating. The fair value does not warrant the kind of high returns typically sought in short-term rental markets. Student housing This apartment is not aligned with the student housing market, given the rural nature of Altura and the limited availability of local educational institutions. Students often look for vibrant locations with ample amenities and employment opportunities, which this property lacks. Luxury market The offering does not meet the criteria for the luxury market, as it is situated in a rural area with an average neighbourhood rating. Additionally, the condition score suggests that it does not possess the high-end finishes or location that luxury buyers typically seek.
Economic Vulnerability The economic stability score of 50/100 indicates a significant risk of reduced rental income due to potential market fluctuations.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
