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, 2-bathroom house of 156 m², energy rating E. Located on largo da Ribeira, 3, Alvor parish, Portimão municipality, Faro district. Noteworthy Features: The property includes a covered space with existing water and electricity connections, ideal for conversion into a usable area, and a cellar that offers expansion possibilities.
The valuation. The asking price of €260,000 is significantly higher than the fair value of €186,951, representing a €73,049 (28.1%) overvaluation. This places the property in a challenging position for potential investors.
Fair value modelled at €186,951 from the area baseline, adjusted for condition and location. Asking €260,000 sits €73,049 (28.1%) above — overpriced versus fair value.
Asking €260,000 versus the largo da Ribeira, 3 area baseline of €267,852 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 32/100 (Condition 25 · Materials 30 · Room dimensions 40). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 78 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
largo da Ribeira, 3
Area baseline €267,852 + condition -€105,544 + location +€24,642 = modelled fair value of €186,951 (€1,198/m²), a €73,049 (28.1%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo da Ribeira, 3 | Subject | €260,000 | €1,667 | — | 25 | 73 |
| Alvor · 6fbb69 | Active | €290,000 | €1,074 | 35.6% | — | 72 |
| Alvor · 65a7b4 | Active | €269,000 | €3,789 | 127.3% | 18 | 76 |
| ladeira de Nora | Active | €695,000 | €6,619 | 297.1% | 65 | 72 |
| rua Serpa Pinto | Active | €695,000 | €5,940 | 256.4% | 60 | 80 |
| Median comp | €492,500 | €4,865 | 191.9% | 60 | 74 |
Short-term vacation rental Despite a gross yield of 9.7%, the property in Alvor is overpriced at €260,000 compared to its fair value of €186,951, with a significant gap of 28.1%. Potential short-term rental income may not justify this price in the context of the area's seasonal demand and economic activity. Long-term rental The property’s current listing price reflects an overvaluation, making it a less attractive choice for long-term rental investments at €260,000 while fair value sits at €186,951. Given the 32/100 condition score, future rental performance could also suffer due to inadequate property upkeep and maintenance. Buy-and-hold While the property may seem appealing for a buy-and-hold strategy due to its 9.7% yield, it is clear that at €260,000, the house is overpriced relative to its fair value of €186,951. The investment risks are exacerbated by the neighborhood's overall conditions, which may not sustain property appreciation needed for long-term equity growth.
Economic Pressure Risk: The economic stability score of 65/100 indicates a potential vulnerability to economic downturns, which may impact rental demand and income reliability.
