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 80 m², energy rating E. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This first-floor apartment boasts complete renovation with modern finishes, ensuring a move-in ready experience while also offering a versatile office space ideal for remote work. Location Advantage: Enjoy complete privacy with no neighbors above, complemented by a vibrant pedestrian lifestyle just minutes from stunning beaches.
The valuation. The asking price of €400,000 is significantly above the fair value of €139,302, marking an overvaluation of €260,698 (65.2%). This disparity suggests that the property is overpriced in the current market. Buy-to-flip angle. With an aggressive renovation strategy targeting upgrades to the existing high-quality materials, resale within a booming Algarve market could yield substantial profits after a quick turnaround. Approximately €40,000 in enhancements may attract higher bids. Buy-to-let angle. The property could secure a gross rental yield of 3.7% at approximately €1,233/month, appealing to seasonal tourists in Alvor. Leveraging the area’s popularity can enhance long-term income through short-term vacation rentals.
Fair value modelled at €139,302 from the area baseline, adjusted for condition and location. Asking €400,000 sits €260,698 (65.2%) above — overpriced versus fair value.
Asking €400,000 versus the Alvor, Portimão, Faro area baseline of €276,320 (€3,454/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 68 · Materials 75 · Room dimensions 73). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €276,320 + condition -€5,750 + location +€7,692 = modelled fair value of €139,302 (€1,741/m²), a €260,698 (65.2%) gap versus the €400,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 96c653 | Subject | €400,000 | €5,000 | — | 68 | 64 |
| ladeira de Nora | Active | €695,000 | €6,619 | 32.4% | 65 | 72 |
| rua Serpa Pinto | Active | €695,000 | €5,940 | 18.8% | 60 | 80 |
| estrada de Montes de Alvor S / N | Active | €420,000 | €3,621 | 27.6% | — | 74 |
| Alvor · 99f3a4 | Active | €555,000 | €3,535 | 29.3% | 72 | 72 |
| Median comp | €625,000 | €4,781 | 4.4% | 65 | 73 |
Short-term vacation rental This property is overpriced at €400,000 with a fair value of only €139,302, resulting in a significant gap of 65.2%. Given the gross yield of 3.7%, the investment does not align with typical financial return expectations for short-term rentals in a prime tourist destination. Buy-and-hold At €400,000, the property is valued considerably above its fair value of €139,302, indicating it may not appreciate as anticipated over time. The average yield of 3.7% combined with a condition rating of 70/100 suggests potential long-term issues that could outweigh any holding benefits. Value-add renovation With a listing price of €400,000 significantly higher than the fair value of €139,302, this property is likely overvalued for a value-add renovation strategy. Although renovations might improve its appeal, the current gap indicates that there may not be sufficient equity to realize worthwhile returns post-renovation.
Economic Vulnerability With an economic stability score of 55/100, this property may face increased risks of market fluctuations that could impact tenant demand and rental income stability.
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