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, 0-bathroom house of 71 m², built in 1951. Located Alvor parish, Portimão municipality, Faro district. This property has the potential for a unique two-home development, offering the possibility to create a rooftop space with excellent solar exposure in a desirable location.
The valuation. The asking price of €269,000 exceeds the fair value of €74,679 by €194,321 (72.2%). This indicates the property is overpriced and does not represent a sound investment opportunity. Buy-to-flip angle. A buy-to-flip strategy may be challenging given the high asking price, necessitating significant renovations to attract buyers and recoup costs effectively. This could lead to a potential loss rather than profit. Buy-to-let angle. The estimated rental income of €1,143/month contributes to a gross yield of 5.1%, making long-term rental a viable strategy, though the property's condition may deter premium rents or long-term tenants.
Fair value modelled at €74,679 from the area baseline, adjusted for condition and location. Asking €269,000 sits €194,321 (72.2%) above — overpriced versus fair value.
Asking €269,000 versus the Alvor, Portimão, Faro area baseline of €237,211 (€3,341/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 21/100 (Condition 18 · Materials 20 · Room dimensions 25). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 80 · Economic 65 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €237,211 + condition -€59,906 + location +€12,678 = modelled fair value of €74,679 (€1,052/m²), a €194,321 (72.2%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 65a7b4 | Subject | €269,000 | €3,789 | — | 18 | 76 |
| largo da Ribeira, 3 | Active | €260,000 | €1,667 | 56.0% | 25 | 73 |
| estrada de Montes de Alvor S / N | Active | €420,000 | €3,621 | 4.4% | — | 74 |
| Alvor · 023826 | Active | €295,000 | €5,900 | 55.7% | 35 | 75 |
| Alvor · 96c653 | Active | €400,000 | €5,000 | 32.0% | 68 | 64 |
| Median comp | €347,500 | €4,311 | 13.8% | 35 | 74 |
Short-term vacation rental The property is not suitable for short-term vacation rentals, as the 72.2% gap from its fair value of €74,679 indicates it is overpriced at €269,000. Moreover, despite the Algarve's tourism appeal, the property's low condition score of 21/100 raises concerns about guest satisfaction and profitability. Long-term rental Investing in a long-term rental strategy for this property is not advisable, given its significant overpricing relative to fair market value of €74,679. With a gross yield of only 5.1% and a condition rating of 21/100, the investment would likely struggle to attract quality tenants and generate reliable cash flow. Buy-and-hold This property presents a poor buy-and-hold opportunity due to its substantial overvaluation of €269,000 compared to the fair value of €74,679. The property's dilapidated condition of 21/100 suggests that it may not appreciate significantly over time, undermining long-term investment returns.
Economic vulnerability The economic stability score of 65/100 indicates a potential risk of economic downturns affecting rental income, despite a high tenant stability score of 80/100 suggesting steady occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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