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 68 m² on the 3rd floor, built in 1982, energy rating C. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Feature: This apartment includes a spacious garage that can be easily converted into a secure box, enhancing both storage and vehicle protection in a high-demand area.
The valuation. The asking price of €305,000 sits €30,467 (9.1%) below the fair value of €335,467, indicating that the property is fairly valued without excessive markup or discounting. Buy-to-flip angle. Given its location in a tourist hotspot, there is an opportunity to renovate and subsequently resell the property at a premium based on the rising demand in Alvor, Portimão. Buy-to-let angle. The estimated gross yield of 3.2% (~€813/month) presents a viable rental income strategy, particularly through short-term vacation rentals capitalizing on high tourist traffic in the region.
Fair value modelled at €335,467 from 6 comparable sales in the area. Asking €305,000 sits €30,467 (9.1%) below — the upside to fair value.
Asking €305,000 versus the Alvor, Portimão, Faro area baseline of €328,191 (€4,826/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 €328,191, adjusted for condition and micro-location, gives a modelled fair value of €335,467 (€4,933/m²), a €30,467 (9.1%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 3d9a49 | Subject | €305,000 | €4,485 | — | 68 | 73 |
| Portimão · 8ee96e | Active | €330,000 | €4,853 | 8.2% | — | 72 |
| Portimão · 8936c2 | Active | €292,000 | €4,867 | 8.5% | 68 | 70 |
| rua Agosto Azul, 2 | Active | €480,000 | €7,500 | 67.2% | 70 | 73 |
| avenida das Comunidades Lusíadas S / N | Active | €310,000 | €6,596 | 47.1% | 70 | 71 |
| Median comp | €320,000 | €5,732 | 27.8% | 70 | 72 |
Short-term vacation rental Given the tourism-driven economy of the Algarve coast, this property could serve well as a short-term vacation rental, attracting visitors year-round. However, the current pricing reflects a fair valuation, indicating limited potential for significant appreciation in this market segment. Long-term rental While the property could be utilized for long-term rental, the gross yield of 3.2% suggests it may not be the most lucrative option in the current housing market. The fair pricing means that rental income may not sufficiently compensate for the investment, potentially leading to lower returns compared to comparable properties. Buy-and-hold The buy-and-hold strategy may appeal due to the desirable location near Alvor; however, with the property priced at fair value, the opportunity for substantial long-term capital gains may be diminished. Investors should weigh the steady demand against the relatively stagnant pricing dynamics in a market where growth prospects are limited.
Economic Vulnerability The property's economic stability score of 65/100 indicates potential sensitivity to market fluctuations and economic downturns, which may affect its long-term viability. Tenancy Risks With a tenant stability score of 70/100, there is a moderate risk of tenant turnover, impacting rental income predictability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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