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.
4-bedroom, 3-bathroom house of 304 m², built in 1985, energy rating D. Located Algoz e Tunes parish, Silves municipality, Faro district. Notably, this property features a large garden space designed for equestrian activities, complete with stables and independent vehicle access, ideal for horse owners.
The asking price of €1,790,000 is significantly higher than our fair value of €413,000, suggesting that this investment is overpriced. Confidence in this fair value is low.
This property's fair value is determined using two models: the Transaction model, relying on real transaction data with 56 recorded sales in the parish of Algoz e Tunes, accounts for 65% of the valuation. The Adjusted asking-price model, based on current listings, contributes the remaining 35%. No conservative adjustments were necessary for this property. The final fair value stands at €413,000, leading to the verdict: the asking price is above the fair value, reflecting a substantial gap of €1,377,000, with a confidence level described as low.
Gross yield 4.4% (before costs)
No specific strategy stands out for this property.
With an asking price of €1,790,000 and a fair value of €413,000, the property is overpriced, revealing a significant 76.9% downside versus the asking price, indicating that investors should closely evaluate the price relative to its actual value. Additionally, while the condition of the house scores 75/100, suggesting it is in reasonable shape, the neighbourhood score of 50/100 raises concerns about its long-term desirability and investment potential. Overall, this property requires careful consideration regarding its pricing and the surrounding area before proceeding.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: With economic stability and tenant stability scores both at 50/100, there is a significant risk of fluctuations in income and occupancy rates affecting investment returns. Data quality risk: The data-quality check for this property is BLOCK, indicating that the area information is implausible and the listings do not agree, which raises concerns about the reliability of available data. Fair value certainty risk: The valuation is set at a fair value of €413,000, but with low confidence, indicating that the property's true market value may be uncertain given the absence of micro-location transaction data and differing estimate results.
Findings: 3
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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