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.
1-bedroom, 1-bathroom apartment of 66 m², built in 1988, energy rating C. Located on praceta da Alvorada, 1, Alvor parish, Portimão municipality, Faro district. Unique Feature: This apartment boasts a private entrance and a south-facing balcony with serene views of landscaped gardens, enhancing both privacy and outdoor living. Leisure Amenities: Access to on-site padel courts enhances recreational options and community engagement.
The valuation. The asking price of €253,000 is significantly above the fair value of €115,373, representing a disparity of €137,627 or 54.4%. This property is therefore considered overpriced.
Fair value modelled at €115,373 from the area baseline, adjusted for condition and location. Asking €253,000 sits €137,627 (54.4%) above — overpriced versus fair value.
Asking €253,000 versus the praceta da Alvorada, 1 area baseline of €113,322 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 60 · Materials 70 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
praceta da Alvorada, 1
Area baseline €113,322 + condition -€9,281 + location +€11,332 = modelled fair value of €115,373 (€1,748/m²), a €137,627 (54.4%) gap versus the €253,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta da Alvorada, 1 | Subject | €253,000 | €3,833 | — | 60 | 75 |
| rua da Alvorada | Active | €259,000 | €4,047 | 5.6% | 65 | 70 |
| Portimão · 6f40a7 | Active | €650,000 | €5,328 | 39.0% | 72 | 80 |
| Alvor · ba3dfa | Active | €229,900 | €3,537 | 7.7% | 68 | 67 |
| Alvor · 0325b0 | Active | €380,000 | €4,524 | 18.0% | 65 | 74 |
| Median comp | €319,500 | €4,286 | 11.8% | 67 | 72 |
Short-term vacation rental The current listing price of €253,000 is significantly above the fair value of €115,373, indicating the property is overpriced for a vacation rental strategy, even in a popular tourist area like Alvor. With a gross yield of only 3.5%, the financial return is unlikely to justify this elevated price in a competitive rental market. Long-term rental Considering the fair value of €115,373, the current listing at €253,000 suggests the property is overpriced, which may deter potential long-term tenants seeking affordable options in Alvor. This unfavorable valuation results in a lower-than-expected gross yield of 3.5%, making it a less attractive choice for long-term rental investments. Family rental At a listing price of €253,000 versus a fair value of €115,373, the property is overpriced for families looking for reasonable rental options in the neighborhood. The limited yield of 3.5% combined with a condition rating of 66/100 further diminishes the investment's appeal for family rentals in a competitive market.
Economic Sensitivity The property's economic stability score of 70/100 indicates moderate vulnerability to economic downturns, which could affect tenant retention and rental income stability. Tenant Stability With a tenant stability score of 75/100, while relatively positive, it still suggests a potential risk of tenant turnover that could impact cash flow.
