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, 3-bathroom house of 117 m², energy rating E. Located on rua Serpa Pinto, Alvor parish, Portimão municipality, Faro district. Unique Feature: The property boasts a spectacular panoramic terrace with direct views of the Ria de Alvor, perfect for enjoying sunsets and outdoor gatherings.
The valuation. The asking price of €695,000 significantly exceeds the fair value of €208,177 by €486,823, indicating an overvaluation of 70.0%. This discrepancy suggests that the property is overpriced in the current market. Buy-to-flip angle. The strategy to resell or wholesale this property hinges on executing necessary renovations to modernize dated areas and enhance curb appeal, setting the stage for a profitable flip. Realistic profit margins may be slim due to the considerable initial investment. Buy-to-let angle. Targeting the tourist market, the anticipated rental income of €1,448 per month yields a gross yield of 2.5%, making long-term rental less attractive. Nevertheless, seasonal vacation rentals could potentially mitigate the low yield in this high-demand Algarve region.
Fair value modelled at €208,177 from the area baseline, adjusted for condition and location. Asking €695,000 sits €486,823 (70.0%) above — overpriced versus fair value.
Asking €695,000 versus the rua Serpa Pinto area baseline of €404,118 (€3,454/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 60 · Materials 65 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 80/100 (Housing Market 85 · Amenities 80 · Economic 75 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
rua Serpa Pinto
Area baseline €404,118 + condition -€16,819 + location +€24,107 = modelled fair value of €208,177 (€1,779/m²), a €486,823 (70.0%) gap versus the €695,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Serpa Pinto | Subject | €695,000 | €5,940 | — | 60 | 80 |
| Portimão · 6d54ac | Active | €485,000 | €3,050 | 48.6% | 55 | 70 |
| ladeira de Nora | Active | €695,000 | €6,619 | 11.4% | 65 | 72 |
| Alvor · 99f3a4 | Active | €555,000 | €3,535 | 40.5% | 72 | 72 |
| Alvor · 4bbd5e | Active | €550,000 | €3,333 | 43.9% | 65 | 72 |
| Median comp | €552,500 | €3,434 | 42.2% | 65 | 72 |
Short-term vacation rental Given the listing price of €695,000 and a fair value of €208,177, this property is significantly overpriced, resulting in a disappointing 2.5% gross yield. The condition score of 66/100 combined with an attractive neighborhood score of 80/100 further diminishes its potential for a profitable vacation rental. Long-term rental With a fair value gap of 70.0%, the property’s €695,000 asking price severely limits the opportunity for sustainable long-term rental returns, especially with a meager yield of 2.5%. While the neighborhood ratings are strong, they do not justify investing in such an overpriced asset for long-term rental purposes. Buy-and-hold The major discrepancy between the listing price and the fair value indicates that this property is a poor candidate for a buy-and-hold strategy, as it is priced far above its worth. Even with a decent condition score, the long-term value appreciation is not supported by the current market pricing and yield performance.
Economic downturn risk Given an economic stability score of 75/100, there is a potential risk of economic downturn impacting tenant demand in the area.
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