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, 2-bathroom apartment of 146 m² on the 2nd floor, built in 1999, energy rating C. Located Alvor parish, Portimão municipality, Faro district. This apartment features expansive terraces with stunning views of the surrounding gardens, enhancing its appeal for outdoor relaxation and entertaining.
The valuation. The asking price of €495,000 is significantly above the fair value of €280,318, representing an excess of €214,682 (43.4%). This property is overall overpriced.
Fair value modelled at €280,318 from the area baseline, adjusted for condition and location. Asking €495,000 sits €214,682 (43.4%) above — overpriced versus fair value.
Asking €495,000 versus the Alvor, Portimão, Faro area baseline of €250,682 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 83 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €250,682 + condition +€9,581 + location +€20,055 = modelled fair value of €280,318 (€1,920/m²), a €214,682 (43.4%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 6fbad4 | Subject | €495,000 | €3,390 | — | 75 | 70 |
| Portimão · dee648 | Active | €350,000 | €3,684 | 8.7% | 75 | 76 |
| avenida Tomás Cabreira | Active | €630,000 | €6,632 | 95.6% | 74 | 74 |
| avenida das Comunidades Lusíadas, 3 | Active | €450,000 | €3,462 | 2.1% | 74 | 70 |
| Portimão · 99f0f0 | Active | €355,000 | €5,000 | 47.5% | 78 | 72 |
| Median comp | €402,500 | €4,342 | 28.1% | 75 | 73 |
Short-term vacation rental The property is overpriced by 43.4% at €495,000 compared to its fair value of €280,318. Given the gross yield of 3.6% and the current listing price, this investment does not align with the typical returns expected in the vacation rental market. Buy-and-hold At a listing price of €495,000, the property holds no appeal for a buy-and-hold strategy, primarily due to its significant overvaluation relative to the fair value of €280,318. With a yield of only 3.6%, long-term appreciation potential in the current market does not justify the premium price. Value-add renovation Investing in renovations for this property is questionable, as it is overpriced by 43.4%, with a fair value of €280,318 against its current listing price of €495,000. The existing condition rating of 79/100 offers some potential for improvement, but the asking price still does not support a feasible value-add strategy given the initial overvaluation.
Market Vulnerability The combined economic and tenant stability scores of 65/100 suggest a moderate risk of market fluctuations impacting both rental income and tenant turnover, which could affect overall returns.
