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.
1-bedroom, 1-bathroom apartment of 59 m², built in 1988, energy rating C. Located on ladeira de Nora, Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts direct access to a sunny terrace overlooking landscaped gardens, enhancing its tranquil atmosphere and outdoor living potential.
The valuation. The asking price of €235,000 is slightly below the fair value of €239,841, indicating a difference of €4,841 or 2.0%. The property can be considered fairly priced in the current market.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| ladeira de Nora | Subject | €235,000 | €3,983 | — | — | 70 |
| praceta da Alvorada, 1 | Active | €253,000 | €3,833 | 3.8% | 60 | 75 |
| Alvor · b7c096 | Active | €245,000 | €4,083 | 2.5% | 68 | 68 |
| rua da Alvorada | Active | €259,000 | €4,047 | 1.6% | 65 | 70 |
| Portimão · 28bc5b | Active | €325,000 | €6,019 | 51.1% | 65 | 62 |
| Median comp | €256,000 | €4,065 | 2.1% | 65 | 69 |
Short-term vacation rental The property is positioned in a strong tourist area in Algarve, offering potential for stable occupancy rates. However, with a gross yield of 3.8%, the returns are modest compared to the initial investment of €235,000, which is fairly priced against its fair market value. Long-term rental With a fair valuation close to the listing price, this property could attract reliable long-term tenants due to its desirable location. Nonetheless, the gross yield of 3.8% suggests annual returns may not be compelling enough given the current pricing. Buy-and-hold Holding this asset could provide steady appreciation due to the solid neighborhood rating of 70/100 and ongoing demand from expatriates and tourists. Nevertheless, the gap between the purchase price and fair value indicates minimal immediate upside, given that it is fairly priced at €235,000 with a yield of 3.8%.
Economic Vulnerability With an economic stability score of 65/100, there is a heightened risk of economic downturns negatively impacting property value and rental income stability.
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