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, 1-bathroom apartment of 70 m², built in 1992, energy rating D. Located on travessa da Cruz, 4, Alvor parish, Portimão municipality, Faro district. This apartment features dual balconies overlooking the garden, enhancing both natural light and outdoor accessibility, ideal for relaxation or al fresco dining.
The valuation. The asking price of €255,000 sits €21,641 (7.8%) below the fair value of €276,641. This price reflects a fair valuation in the current market. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the apartment's fresh decor, allowing for a resale at a higher price within a short timeframe given the demand for renovated properties in Alvor. Buy-to-let angle. With an estimated rental income of €935 per month, the gross yield of 4.4% makes it a solid investment for long-term rental, particularly catering to seasonal tourists attracted by the Algarve coastline.
Fair value modelled at €276,641 from 6 comparable sales in the area. Asking €255,000 sits €21,641 (7.8%) below — the upside to fair value.
Asking €255,000 versus the travessa da Cruz, 4 area baseline of €285,066 (€4,072/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €285,066, adjusted for condition and micro-location, gives a modelled fair value of €276,641 (€3,952/m²), a €21,641 (7.8%) gap versus the €255,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa da Cruz, 4 | Subject | €255,000 | €3,643 | — | 66 | 75 |
| Alvor · de0c1c | Active | €259,500 | €4,185 | 14.9% | — | 72 |
| rua da Alvorada | Active | €259,000 | €4,047 | 11.1% | 65 | 70 |
| Alvor · 4b609e | Active | €270,000 | €3,857 | 5.9% | 70 | 68 |
| Alvor · 622808 | Active | €140,000 | €3,256 | 10.6% | 78 | 60 |
| Median comp | €259,250 | €3,952 | 8.5% | 70 | 69 |
Short-term vacation rental The property shows potential for short-term vacation rental due to its proximity to Algarve's tourist coast, attracting seasonal demand. However, with a fair value of €276,641 and a listing price of €255,000, investors should remain cautious as the property is correctly priced within a competitive market. Long-term rental As a long-term rental asset, this 2-bed apartment offers a reasonable gross yield of 4.4% and is situated in a well-rated neighborhood (75/100). Even though the property features a condition score of 66/100, it aligns well with tenant demands in the area, reflecting a fair investment opportunity. Buy-and-hold The buy-and-hold strategy may be suitable given the property’s fair market valuation and solid neighborhood rating, indicating potential stability in asset appreciation. Although the property is priced fairly, investors should monitor the market for seasonal fluctuations due to its tourism-driven economic context.
Potential Tenant Turnover The economic stability score of 70/100 suggests some potential risks in the local economy, which could lead to higher tenant turnover and affect rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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