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 101 m², built in 2023, energy rating E. Located Castro Marim parish, Castro Marim municipality, Faro district. Noteworthy Feature: The property boasts a charming interior courtyard that connects two independent accommodations, enhancing both privacy and outdoor living opportunities in a historic setting.
The valuation. The asking price of €590,000 is significantly above the fair value of €416,014, indicating an overvaluation of €173,986 (41.8%). This property is overpriced compared to its assessed market worth.
Fair value modelled at €416,014 from 6 comparable sales in the area. Asking €590,000 sits €173,986 (41.8%) above — overpriced versus fair value.
Asking €590,000 versus the Castro Marim, Castro Marim, Faro area baseline of €338,663 (€3,353/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €338,663, adjusted for condition and micro-location, gives a modelled fair value of €416,014 (€4,119/m²), a €173,986 (41.8%) gap versus the €590,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Castro Marim · 0acbbe | Subject | €590,000 | €5,842 | — | 90 | 54 |
| Castro Marim · 38b719 | Active | €630,000 | €7,159 | 22.6% | 75 | 58 |
| Castro Marim · 653016 | Active | €1,375,000 | €3,628 | 37.9% | 82 | 58 |
| praça 1º de Maio, 1 | Active | €650,000 | €4,610 | 21.1% | 75 | 53 |
| praça 1º de Maio, 1 | Active | €650,000 | €4,610 | 21.1% | 72 | 62 |
| Median comp | €650,000 | €4,610 | 21.1% | 75 | 58 |
Long-term rental The property's listing price of €590,000 reflects a significant 41.8% gap above its fair value of €416,014, making it an unfit candidate for long-term rental investment. With a gross yield of only 2.9%, the low return further indicates that the property is overpriced given the limited local economic activity. Buy-and-hold Investing in this property as a buy-and-hold strategy appears unwise due to its substantial price overvaluation of €590,000 compared to a fair value of €416,014, which presents a 41.8% discrepancy. The potential for long-term appreciation is diminished by the subpar neighborhood rating of 54/100 and minimal economic activity. Family rental At a price of €590,000, this house exceeds its fair value by 41.8%, indicating it is overpriced for family rental purposes. The gross yield of 2.9% and the neighborhood score of 54/100 further suggest that the property does not provide an attractive rental opportunity for families seeking value in the rural Algarve area.
Weak Economic Conditions The economic stability score of 45/100 indicates a potential risk due to weak market conditions that may affect rental demand 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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