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.
3-bedroom, 2-bathroom apartment of 96 m² on the 9th floor, built in 1984, energy rating E. Located on rua do Fojo, Alvor parish, Portimão municipality, Faro district. This apartment features a spacious balcony with city views, and the building includes an elevator for convenient access to the upper floors.
The valuation. The asking price of €279,000 is significantly below the fair value of €346,924, indicating a discrepancy of €67,924 (19.6%). This property is therefore underpriced and represents an opportunity for value appreciation.
Fair value modelled at €346,924 from 6 comparable sales in the area. Asking €279,000 sits €67,924 (19.6%) below — the upside to fair value.
Asking €279,000 versus the rua do Fojo area baseline of €422,149 (€4,397/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 41/100 is below the parish average, reducing 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 €422,149, adjusted for condition and micro-location, gives a modelled fair value of €346,924 (€3,614/m²), a €67,924 (19.6%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Fojo | Subject | €279,000 | €2,906 | — | 35 | 66 |
| largo da Ribeira, 3 | Active | €260,000 | €1,667 | 42.7% | 25 | 73 |
| Alvor · de0c1c | Active | €259,500 | €4,185 | 44.0% | — | 72 |
| Alvor · 023826 | Active | €295,000 | €5,900 | 103.0% | 35 | 75 |
| Alvor · 911747 | Active | €289,000 | €3,042 | 4.7% | 70 | 71 |
| Median comp | €274,500 | €3,614 | 24.3% | 35 | 73 |
Short-term vacation rental The 3-bed apartment in Alvor presents a promising opportunity for a short-term vacation rental, with a substantial fair value gap of 19.6% indicating underpricing relative to its potential market appeal. Given its proximity to Algarve's tourist areas, this property could attract visitors seeking quality accommodations, enhancing rental yields over time. Buy-and-hold Investing in this property for a buy-and-hold strategy looks appealing due to its fair value being significantly higher than the listing price, suggesting it is underpriced at €279,000. As the regional housing market is likely to benefit from sustained tourism demand, holding this asset could result in appreciation over the coming years. Long-term rental This property is well-positioned for a long-term rental strategy, especially given its fair value of €346,924 against the listing price, indicating a favorable investment opportunity. However, with a lower condition rating of 41/100, some modernization may be necessary to attract higher-quality tenants willing to pay premium rents in the desirable Alvor neighborhood.
Economic and Tenant Stability Risk The economic stability score of 60/100 combined with a tenant stability score of 60/100 indicates a moderate risk of fluctuating rental income and potential tenant turnover, which could impact overall property performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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