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 apartment of 84 m². Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes two dedicated garage boxes and offers direct access to inviting outdoor spaces, including well-kept balconies and a communal pool area.
The valuation. The asking price of €380,000 is significantly above the fair value of €139,699, representing an overpriced scenario by €240,301 (63.2%). This discrepancy raises concerns regarding potential investment viability.
Fair value modelled at €139,699 from the area baseline, adjusted for condition and location. Asking €380,000 sits €240,301 (63.2%) above — overpriced versus fair value.
Asking €380,000 versus the Alvor, Portimão, Faro area baseline of €144,228 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 (Condition 65 · Materials 58 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €144,228 + condition -€18,375 + location +€13,846 = modelled fair value of €139,699 (€1,663/m²), a €240,301 (63.2%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 0325b0 | Subject | €380,000 | €4,524 | — | 65 | 74 |
| Portimão · 4a7fe2 | Active | €240,000 | €3,810 | 15.8% | 65 | 76 |
| rua Trabucho Alexandre, 16 | Active | €240,000 | €3,288 | 27.3% | 72 | 70 |
| rua das Oliveiras, 49A | Active | €218,000 | €3,633 | 19.7% | 70 | 62 |
| praceta da Borralha, 2 | Active | €330,000 | €2,920 | 35.4% | 70 | 75 |
| Median comp | €240,000 | €3,461 | 23.5% | 70 | 73 |
Short-term vacation rental This property’s price of €380,000 far exceeds its fair value of €139,699, indicating that it is overpriced at a gap of 63.2%. With a gross yield of only 3.2% and seasonal demand fluctuations typical of the Algarve region, its potential as a vacation rental is severely diminished. Buy-and-hold Given the significant disparity between the listing price and the fair value, investing in this property as a long-term buy-and-hold strategy is impractical due to its overpriced nature. A yield of 3.2% and a condition rating of 61/100 further complicate the prospect of achieving reliable capital appreciation over time. Family rental At a listing price significantly above fair value, this property is not well-suited for a family rental strategy due to its 63.2% price gap. The low yield of 3.2% and the condition score of 61/100 suggest that potential tenants may find better value elsewhere, limiting appeal to families seeking secure housing options.
Economic Vulnerability With an economic stability score of 65/100, there is a heightened risk of fluctuations in market conditions adversely affecting property values and rental income.
