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 115 m², built in 1987, energy rating C. Located on urbanização Mar e Serra, 35, Alvor parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a private terrace with panoramic views of Alvor and Ria de Alvor, perfect for leisure and socializing, enhancing its appeal. Avaliação: ao preço justo
The valuation. The asking price of €349,000 is significantly above the fair value of €289,000, reflecting an overpricing of €60,000 (20.8%) that may deter potential buyers. This discrepancy indicates a challenge in achieving a favorable return on investment.
Fair value modelled at €289,000 from 6 comparable sales in the area. Asking €349,000 sits €60,000 (20.8%) above — overpriced versus fair value.
Asking €349,000 versus the urbanização Mar e Serra, 35 area baseline of €296,347 (€2,577/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 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 €296,347, adjusted for condition and micro-location, gives a modelled fair value of €289,000 (€2,513/m²), a €60,000 (20.8%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Mar e Serra, 35 | Subject | €349,000 | €3,035 | — | 63 | 70 |
| Portimão · 4a43a4 | Active | €325,000 | €2,708 | 10.8% | 60 | 74 |
| rua Cidade de Gôa | Active | €315,000 | €2,716 | 10.5% | 53 | 70 |
| Portimão · ade5f8 | Active | €161,000 | €2,300 | 24.2% | — | 69 |
| rua do Operário, 2B | Active | €248,000 | €2,318 | 23.6% | 53 | 78 |
| Median comp | €281,500 | €2,513 | 17.2% | 53 | 72 |
Short-term vacation rental This 2-bed apartment in Alvor is overpriced by 20.8%, making it challenging to achieve a worthwhile return in the booming vacation rental market. With a gross yield of only 3.7%, the property does not align with optimal investment potential. Long-term rental Due to its fair value being significantly lower than the asking price, pursuing a long-term rental strategy would likely yield subpar financial performance with a yield of just 3.7%. The property’s condition rating of 64/100 further detracts from its appeal for sustainable rental income. Buy-and-hold Investing in this apartment as a buy-and-hold asset is not advisable given its 20.8% gap from fair value, indicating a significant overprice. The combination of moderate neighborhood ratings and economic stability concerns suggests that long-term appreciation may be limited.
Economic Vulnerability With an economic stability score of 55/100, the property faces higher risks associated with potential downturns in the local economy that could impact rental income stability.
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