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 house of 135 m², built in 1950, energy rating F. Located São Bartolomeu de Messines parish, Silves municipality, Faro district. This property features original mid-century architectural details such as exposed wooden beams and terracotta tiles, significantly enhancing its historical charm despite the needed repairs due to maintenance issues.
The asking price is significantly above the fair value, with a gap of €70,000; the confidence in this fair value is low. The estimated gross yield stands at approximately 7.5% (before costs and vacancy).
The asking price is above the fair value. The fair value is determined using a Transaction model based on 73 recorded sales in São Bartolomeu de Messines and an Adjusted asking-price model derived from current listings. These two models are combined, weighting the Transaction model at 70% and the Adjusted asking-price model at 30%. Conservative adjustments reflect costs for necessary works. The resulting fair value sits at €130,000, creating a significant gap of €70,000 to the asking price of €200,000. Confidence in this valuation is low.
Gross yield 7.5% (before costs)
No specific strategy stands out for this property.
The asking price of €200,000 for this 2-bed house in São Bartolomeu de Messines is significantly above its fair value of €130,000, indicating a 34.8% downside versus the asking price. Additionally, the property's condition rating stands at only 49/100, suggesting it may require renovations to meet market expectations, while the neighbourhood rating is also low at 50/100, which could affect future resale potential. Investors should consider these factors as they weigh the price against the apparent value.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The employment and tenant stability scores of 50/100 indicate a potentially unstable economic and rental environment, which may affect occupancy and rental income. Fair value certainty risk The low confidence in the fair value of €130,000, compounded by significant differences between estimates, raises concerns about the accurate valuation of the property, indicating it might not reflect true market conditions.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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