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 65 m², built in 2007, energy rating D. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment benefits from a legalized conversion of a shop, providing a unique layout and a valid habitation license, ensuring compliance with local regulations.
The valuation. The asking price of €229,900 is significantly above fair value, exceeding it by €116,800 or 50.8%. This property is considered overpriced based on the current market analysis.
Fair value modelled at €113,100 from the area baseline, adjusted for condition and location. Asking €229,900 sits €116,800 (50.8%) above — overpriced versus fair value.
Asking €229,900 versus the Alvor, Portimão, Faro area baseline of €224,510 (€3,454/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 68 · Materials 72 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 67/100 (Housing Market 80 · Amenities 70 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €224,510 + condition -€6,094 + location +€7,589 = modelled fair value of €113,100 (€1,740/m²), a €116,800 (50.8%) gap versus the €229,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · ba3dfa | Subject | €229,900 | €3,537 | — | 68 | 67 |
| avenida das Comunidades Lusíadas | Active | €395,000 | €5,643 | 59.5% | 76 | 77 |
| Portimão · 6d5358 | Active | €320,000 | €4,571 | 29.2% | 73 | 72 |
| avenida das Comunidades Lusíadas | Active | €369,000 | €4,146 | 17.2% | 75 | 73 |
| Alvor · 4b609e | Active | €270,000 | €3,857 | 9.1% | 70 | 68 |
| Median comp | €344,500 | €4,359 | 23.2% | 74 | 73 |
Short-term vacation rental Given the property's condition rating of 69/100 and a gross yield of 4.6%, the current listing price of €229,900 poses significant barriers to profitability in the competitive vacation rental market. The substantial gap of 50.8% above fair value further indicates this investment lacks optimal entry pricing for short-term rental success. Buy-and-hold With a fair value of €113,100 compared to the listing price of €229,900, the high entry point suggests that long-term appreciation may not meet investor expectations, especially considering the cyclical nature of the local economy. Additionally, a 4.6% yield may not compensate for the inflated purchase price, limiting potential returns for buy-and-hold strategies. Family rental Family rental markets typically seek reasonable acquisition prices that allow for predictable cash flow, which this property fails to meet with a listing price significantly above fair value. The neighborhood ratings, while decent, do not justify a 50.8% premium, which could deter families seeking affordable housing options in Alvor.
Economic and Tenant Instability The economic stability score of 60/100 and tenant stability score of 60/100 indicate potential volatility in rental income and occupancy rates, which could jeopardize long-term investment returns.
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