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, 3-bathroom house of 189 m², built in 1994, energy rating D. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Feature: The property includes a closed garage and presents a substantial plot of land that permits the construction of a private pool, enhancing its recreational potential.
The valuation. The asking price of €690,000 is significantly higher than the fair value of €434,937, placing it at €255,063 (58.6%) above fair market value. The property is therefore considered overpriced.
Fair value modelled at €434,937 from 6 comparable sales in the area. Asking €690,000 sits €255,063 (58.6%) above — overpriced versus fair value.
Asking €690,000 versus the Alvor, Portimão, Faro area baseline of €565,539 (€2,992/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €565,539, adjusted for condition and micro-location, gives a modelled fair value of €434,937 (€2,301/m²), a €255,063 (58.6%) gap versus the €690,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 3d97bc | Subject | €690,000 | €3,651 | — | 55 | 64 |
| rua Projectada À Caldeira do Moinho | Active | €550,000 | €2,301 | 37.0% | — | 67 |
| rua Projectada À Caldeira do Moinho, 34 | Active | €550,000 | €2,301 | 37.0% | 60 | 70 |
| Portimão · 4bbf95 | Active | €798,000 | €2,771 | 24.1% | — | 74 |
| Alvor · 3df54c | Active | €430,000 | €4,216 | 15.5% | — | 70 |
| Median comp | €550,000 | €2,536 | 30.5% | 60 | 70 |
Short-term vacation rental This property, listed at €690,000, is significantly overpriced with a fair value of only €434,937, presenting a daunting 58.6% gap. While the tourism-centric Algarve region supports potential vacation rental income, the gross yield of 3.5% and property condition of 58/100 suggest that this investment may not yield favorable returns. Buy-and-hold At a listing price that exceeds its fair value by 58.6%, this property in Alvor is not a cost-effective choice for long-term investment. Given the gross yield of 3.5% and relatively poor condition rating, it is unlikely to appreciate sufficiently to justify its current price. Family rental Despite its spacious layout, the property’s pricing at €690,000, which is 58.6% above fair value, makes it an unappealing option for family rental scenarios. The neighborhood score of 64/100 and the gross yield of just 3.5% indicate that this investment would likely underperform compared to alternatives in more reasonably priced properties.
Tenant turnover risk High tenant turnover is a concern due to both economic stability and tenant stability scores being at 60/100, indicating potential difficulties in maintaining a consistent rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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