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.
0-bedroom, 0-bathroom apartment of 156 m², built in 2009. Located Alvor parish, Portimão municipality, Faro district. Notable Features: The property offers a unique historical charm with its modern aesthetic and flexible configuration that accommodates both family living and investment opportunities in a coveted village location.
The valuation. The asking price of €580,000 is significantly above the fair value of €278,464, representing an overpricing of €301,536 or 52.0%. This property is clearly overpriced based on current market analysis.
Fair value modelled at €278,464 from the area baseline, adjusted for condition and location. Asking €580,000 sits €301,536 (52.0%) above — overpriced versus fair value.
Asking €580,000 versus the Alvor, Portimão, Faro area baseline of €521,196 (€3,341/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 76 · Materials 75 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 60 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €521,196 + condition -€4,387 + location +€15,000 = modelled fair value of €278,464 (€1,785/m²), a €301,536 (52.0%) gap versus the €580,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 483bf2 | Subject | €580,000 | €3,718 | — | 76 | 64 |
| Alvor · 420065 | Active | €255,000 | €4,322 | 16.2% | 72 | 71 |
| Portimão · 6f40a7 | Active | €650,000 | €5,328 | 43.3% | 72 | 80 |
| Alvor · ba5761 | Active | €140,000 | €3,500 | 5.9% | 75 | 56 |
| rua da Alvorada | Active | €239,000 | €3,464 | 6.8% | 76 | 71 |
| Median comp | €247,000 | €3,911 | 5.2% | 74 | 71 |
Short-term vacation rental The €580,000 listing price for this 0-bed apartment significantly exceeds its fair value of €278,464, indicating it is overpriced for a vacation rental strategy. The estimated yield of 2.9% gross does not justify the premium, especially given the 73/100 condition rating and a 64/100 neighbourhood rating. Buy-and-hold Investing in this property at €580,000 presents a substantial risk due to its valuation being 52.0% above its fair value of €278,464. With low gross yield at 2.9% and the surrounding area's conditions, the investment does not align with sound buy-and-hold principles. Long-term rental Listing the property for €580,000 while its fair value is at €278,464 indicates a significant overpricing that undermines its feasibility for long-term rental. Additionally, the gross yield of only 2.9% does not compensate for the high cost, especially in a tourist-driven economy where steady long-term demand may be uncertain.
Economic and tenant instability risk The property has both economic and tenant stability scores of 60/100, indicating a moderate risk of fluctuating tenant demand and potential rental income volatility.
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