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, 3-bathroom townhouse of 121 m², built in 1990, energy rating E. Located on rua do Levante S / N, Porches parish, Lagoa municipality, Faro district. Noteworthy Features: This corner townhouse boasts a spacious rooftop terrace offering panoramic sea views and a convenient outdoor terrace that can double as parking, enhancing its functionality and appeal.
The valuation. The asking price sits at €595,000, which is slightly below the fair value of €605,851 by €10,851 (1.8%). This property is accurately valued and represents a fair buying opportunity.
Fair value modelled at €605,851 from 6 comparable sales in the area. Asking €595,000 sits €10,851 (1.8%) below — the upside to fair value.
Asking €595,000 versus the rua do Levante S / N area baseline of €553,975 (€4,578/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €553,975, adjusted for condition and micro-location, gives a modelled fair value of €605,851 (€5,007/m²), a €10,851 (1.8%) gap versus the €595,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Levante S / N | Subject | €595,000 | €4,917 | — | 80 | 77 |
| rua Encosta dos Alporchinhos, 1 | Active | €490,000 | €2,526 | 48.6% | 70 | 79 |
| Porches · 8ee83f | Active | €540,000 | €3,699 | 24.8% | 80 | 71 |
| Armação de Pêra · 6d54d1 | Active | €398,000 | €5,686 | 15.6% | 78 | 71 |
| Porches · f362ae | Active | €1,750,000 | €5,973 | 21.5% | 73 | 81 |
| Median comp | €515,000 | €4,693 | 4.6% | 76 | 75 |
Short-term vacation rental This property could serve as a decent short-term vacation rental in the Algarve, given the region's status as a prime tourist destination. However, with a fair value only 1.8% above the listing price, the potential for high returns may be limited. Buy-and-hold As a buy-and-hold investment, this townhouse offers a reasonable gross yield of 3.3% in a location with seasonally fluctuating employment. While stability may be of concern, its fair valuation signifies it could serve as a consistent rental in a popular area. Value-add renovation Although the property is in good condition with a rating of 80/100, any renovation efforts may not yield significant returns given its fair valuation. The 1.8% gap from fair value suggests that extensive renovations may not justify the cost, limiting upside potential for investors seeking to increase property value.
Tenant turnover risk With a tenant stability score of only 75/100, there is a potential risk of higher turnover, which can lead to increased vacancy periods and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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