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 64 m², energy rating D. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes access to a landscaped garden and a swimming pool within a private condominium, enhancing outdoor living enjoyment and leisure options.
The valuation. The asking price of €229,000 sits €85,576 below the fair value of €314,576, representing a discount of 27.2%. This property is considered underpriced. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the apartment's underpriced nature, allowing for a profitable resale after minor renovations. The goal would be to attract buyers looking for investment opportunities in a desirable area. Buy-to-let angle. With a gross yield of 4.5%, this property offers an estimated rental income of €859 per month. Its location in Algarve makes it an ideal candidate for short-term vacation rentals, drawing consistent demand from tourists and expats.
Fair value modelled at €314,576 from 5 comparable sales in the area. Asking €229,000 sits €85,576 (27.2%) below — the upside to fair value.
Asking €229,000 versus the Alvor, Portimão, Faro area baseline of €287,625 (€4,494/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €287,625, adjusted for condition and micro-location, gives a modelled fair value of €314,576 (€4,915/m²), a €85,576 (27.2%) gap versus the €229,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · b3289b | Subject | €229,000 | €3,578 | — | 77 | 76 |
| Portimão · b7c181 | Active | €267,000 | €5,235 | 46.3% | 75 | 73 |
| avenida das Comunidades Lusíadas | Active | €369,000 | €4,146 | 15.9% | 75 | 73 |
| avenida das Comunidades Lusíadas | Active | €395,000 | €5,643 | 57.7% | 76 | 77 |
| Portimão · dc151f | Active | €290,000 | €4,915 | 37.4% | 75 | 72 |
| Median comp | €329,500 | €5,075 | 41.8% | 75 | 73 |
Short-term vacation rental The property presents an attractive opportunity for short-term vacation rentals in the Algarve, given its favorable listing price of €229,000 compared to a fair value of €314,576. The strong demand from tourists enhances the potential for solid returns, supported by a gross yield of 4.5%. Buy-and-hold Investors looking for a long-term strategy may find this property appealing, as it is currently available at a listing price that is 27.2% under its fair value. The combination of a healthy yield and the ongoing popularity of the Algarve makes it a sound choice for holding onto property assets. Long-term rental This apartment can serve as a viable long-term rental property, benefiting from the strong demand fueled by a growing expat community in the region. The competitive price point relative to fair value ensures that investors can expect steady rental income over time while capitalizing on the area's economic stability.
Economic Vulnerability With an economic stability score of 70/100, the property could be exposed to fluctuations in the local economy that may impact tenant demand and rental income negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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