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 83 m² on the 1st floor, built in 1987, energy rating C. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a south-facing balcony that enhances natural light and offers a serene view, complementing the condominium's amenities like a pool and restaurant.
The valuation. The asking price of €315,000 sits significantly above the fair value of €161,871, representing a notable overpricing of €153,129 or 48.6%. This indicates the property does not offer a fair investment opportunity. Buy-to-flip angle. Given its high-quality finishes and modern appeal, the property may attract buyers looking for well-crafted spaces; however, the substantial difference in asking price limits feasibility for a profitable flip. Buy-to-let angle. With an estimated rental income of €892 per month, the gross yield is only 3.4%, suggesting that long-term rental returns on this investment are quite limited, especially given the local seasonal economy.
Fair value modelled at €161,871 from the area baseline, adjusted for condition and location. Asking €315,000 sits €153,129 (48.6%) above — overpriced versus fair value.
Asking €315,000 versus the Alvor, Portimão, Faro area baseline of €277,303 (€3,341/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 85 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €277,303 + condition +€4,539 + location +€14,821 = modelled fair value of €161,871 (€1,950/m²), a €153,129 (48.6%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 6c77be | Subject | €315,000 | €3,795 | — | 75 | 76 |
| Alvor · dee3ac | Active | €315,000 | €3,938 | 3.7% | 72 | 69 |
| rua da Pedra | Active | €297,500 | €2,755 | 27.4% | 75 | 75 |
| Portimão · 49b7ed | Active | €310,000 | €4,493 | 18.4% | 80 | 68 |
| Alvor · ba590d | Active | €265,000 | €2,760 | 27.3% | 70 | 74 |
| Median comp | €303,750 | €3,349 | 11.8% | 74 | 72 |
Short-term vacation rental While the Algarve has a strong tourism market that increases short-term rental demand, the property is currently priced 48.6% above its fair value, which diminishes potential profitability. With a gross yield of 3.4%, the investment appears financially unviable given market conditions. Buy-and-hold Investing in the Alvor area may seem appealing due to its seasonal tourism-driven economy, but the property’s listing price significantly exceeds fair value, suggesting an unwise long-term investment. The expected returns do not justify the initial outlay, with a 3.4% yield falling short of attractive investment standards. Family rental Though the property could serve as a decent family rental in a neighborhood with moderate amenities, its overpriced status at 48.6% above fair value makes it a risky choice. Families seeking rentals in the dynamic Algarve area may be drawn to more reasonably priced options, diminishing long-term tenant stability.
Tenant turnover risk The economic stability score of 70 and tenant stability score of 70 suggest a potential for moderate tenant turnover, which could impact rental income and occupancy rates.
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