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 75 m² on the 2nd floor, energy rating E. Located on rua Quinta das Palmeiras, 3C, Porches parish, Lagoa municipality, Faro district. Unique Feature: This apartment boasts a spacious terrace ideal for outdoor dining, taking full advantage of the stunning sea view and pleasant Mediterranean climate.
The valuation. The asking price of €309,000 exceeds the fair value of €298,567 by €10,433 (3.5%). Therefore, the property is considered fairly priced in the current market.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Quinta das Palmeiras, 3C | Subject | €309,000 | €4,120 | — | — | 73 |
| Armação de Pêra · 8ee5a1 | Active | €310,000 | €3,827 | 7.1% | 70 | 79 |
| rua General Humberto Delgado | Active | €215,000 | €4,135 | 0.4% | 64 | 71 |
| Armação de Pêra · 225aea | Active | €210,000 | €3,281 | 20.4% | 66 | 82 |
| Armação de Pêra · 1e63bd | Active | €260,000 | €3,611 | 12.4% | 65 | 62 |
| Median comp | €237,500 | €3,719 | 9.7% | 66 | 75 |
Short-term vacation rental The property in Porches, Lagoa, offers a competitive gross yield of 3.2%, aligning with the expectations for short-term vacation rentals in this tourist-heavy region. However, given its fair valuation, potential returns may be limited compared to other available investments. Long-term rental At a fair value price of €309,000, the yield on a long-term rental basis stands at 3.2%, which is representative of the local housing market dynamics in the Algarve. While the neighbourhood scores a solid 73/100, the property does not present significant upside potential when pricing is considered. Buy-and-hold With a current fair value assessment placing the property just 3.5% above fair market price, a buy-and-hold strategy may yield modest appreciation over time given the stable neighbourhood characteristics. Nevertheless, the relatively low yield of 3.2% suggests that the investment does not offer considerable potential for significant returns in the long run.
Potential Economic Downturn The economic stability score of 65/100 suggests a moderate risk of economic downturn, which could negatively impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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