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 95 m² on the 1st floor, built in 2000, energy rating C. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a spacious balcony accessible from both the kitchen and living room, offering open views and enhancing the indoor-outdoor living experience.
The valuation. The asking price of €289,000 is significantly above the fair value of €163,754, representing an overpricing of €125,246 (43.3%). This discrepancy clearly indicates that the property is overpriced.
Fair value modelled at €163,754 from the area baseline, adjusted for condition and location. Asking €289,000 sits €125,246 (43.3%) above — overpriced versus fair value.
Asking €289,000 versus the Alvor, Portimão, Faro area baseline of €317,395 (€3,341/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 70 · Materials 65 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 55 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Alvor, Portimão, Faro
Area baseline €317,395 + condition -€13,062 + location +€13,702 = modelled fair value of €163,754 (€1,724/m²), a €125,246 (43.3%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 911747 | Subject | €289,000 | €3,042 | — | 70 | 71 |
| rua do Pé da Cruz | Active | €348,000 | €2,829 | 7.0% | 68 | 69 |
| Alvor · dc13fc | Active | €347,000 | €3,155 | 3.7% | 72 | 74 |
| praceta Fernando Pessoa, 20 | Active | €330,000 | €2,578 | 15.3% | 68 | 61 |
| urbanização do Fojo | Active | €320,000 | €2,909 | 4.4% | 68 | 76 |
| Median comp | €338,500 | €2,869 | 5.7% | 68 | 72 |
Short-term vacation rental Despite being located in the Algarve, a popular tourist spot, the apartment's high listing price of €289,000 represents a significant 43.3% premium over its fair value of €163,754. With a gross yield of only 3.9%, the property does not promise attractive returns for short-term vacation rental investors. Long-term rental Given its €289,000 price tag, which exceeds the fair value by 43.3%, the property is not positioned well for long-term rental success, particularly with a relatively modest yield of 3.9%. Additionally, the condition score of 66/100 and the local neighborhood rating of 71/100 suggest limited tenant attraction at this premium price point. Buy-and-hold The 43.3% overvaluation of the property compared to its fair value indicates that long-term capital appreciation is unlikely, hindering the buy-and-hold strategy's effectiveness. With the economic reliance on seasonal tourism, potential buyers should be cautious about this investment's sustainability in value over time.
Moderate Economic Risk With an economic stability score of 55/100, there is a moderate risk of economic fluctuations potentially impacting rental income and property value.
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