House in União das Freguesias de Querença, Tôr e Benafim

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Overview

0-bedroom, 0-bathroom house of 352 m², energy rating G. Located União das Freguesias de Querença, Tôr e Benafim parish, Loulé municipality, Faro district. This property features a magnificent original facade and offers panoramic views of the surrounding hills from its ample 3,250 m² garden area, despite its current state of decay.

Financial Summary

The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate.

Investment Thesis

Long-term rental This property, despite its low condition rating of 12/100, could cater to tenants seeking affordable housing in a small town like União das Freguesias de Querença, Tôr e Benafim. However, the 0% yield indicates that it may not be the most financially viable option for landlords seeking immediate rental income. Family rental With its ample 352m² space, this house could serve as a family rental, appealing to those who prioritize affordability in rural Algarve. Nonetheless, the moderate neighborhood and condition ratings suggest it may attract a lower tenant quality, affecting long-term stability. Buy-and-hold Investing in this property as a buy-and-hold strategy aligns with a long-term vision, as the rural setting may appreciate over time. Nevertheless, with a current condition score of 12/100 and a lack of amenities, prospective investors should be prepared for potential challenges in maintaining or upgrading the property to meet future market demands.

Risks

Economic Instability Risk The low Economic stability score of 40/100 indicates a significant risk of economic downturns that could affect rental income and property value.

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