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 110 m², built in 2002, energy rating C. Located Alvor parish, Portimão municipality, Faro district. This apartment features a spacious balcony with unobstructed views, ideal for outdoor relaxation and entertaining, coupled with modern air conditioning for year-round comfort.
The valuation. The asking price of €347,000 is significantly above its fair value of €209,580, indicating an overvaluation of €137,420 (39.6%). This price suggests that potential buyers should approach cautiously.
Fair value modelled at €209,580 from the area baseline, adjusted for condition and location. Asking €347,000 sits €137,420 (39.6%) above — overpriced versus fair value.
Asking €347,000 versus the Alvor, Portimão, Faro area baseline of €367,510 (€3,341/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 72 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €367,510 + condition +€2,578 + location +€18,132 = modelled fair value of €209,580 (€1,905/m²), a €137,420 (39.6%) gap versus the €347,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · dc13fc | Subject | €347,000 | €3,155 | — | 72 | 74 |
| rua da Raminha, 25 | Active | €308,000 | €3,385 | 7.3% | 75 | 74 |
| urbanização Mar e Serra S / N | Active | €340,000 | €3,434 | 8.9% | 73 | 72 |
| Portimão · 49b7ed | Active | €310,000 | €4,493 | 42.4% | 80 | 68 |
| Portimão · dee648 | Active | €350,000 | €3,684 | 16.8% | 75 | 76 |
| Median comp | €325,000 | €3,559 | 12.8% | 75 | 73 |
Short-term vacation rental Given the seasonal demand in Algarve, the potential for short-term vacation rentals does exist, but the property's current pricing renders it less attractive with a significant overvaluation of 39.6%. With a gross yield of only 3.3%, this investment may struggle to generate sufficient cash flow relative to its costs. Long-term rental While there is demand for long-term rentals in the area, the current listing price of €347,000 is excessively high compared to its fair value of €209,580, leading to an unattractive investment proposition. This pricing scenario, combined with a yield of 3.3%, implies limited profitability for landlords seeking steady rental income. Buy-and-hold The buy-and-hold strategy is challenged by the property being overpriced, as the actual value is significantly lower than the listing price. The anticipated appreciation may not justify the investment given the current value gap, making it a less favorable long-term asset acquisition. Not ideal for student housing The property is not suitable for student housing due to its overpricing relative to the expected rental income and demand from that demographic in the area. High costs may not attract the typical student market, which often seeks more affordable options. Not ideal for luxury market As the property is priced above fair market value, it does not fit well into the luxury market segment where premium features and exclusivity are paramount. The lack of distinguishing features further diminishes its appeal to high-end buyers who expect significant value in their investments.
Economic vulnerability With an economic stability score of 65/100, there is a significant risk of adverse market conditions negatively impacting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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