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, 2-bathroom duplex of 99 m², built in 1984, energy rating E. Located Porches parish, Lagoa municipality, Faro district. Noteworthy Features: This duplex apartment boasts a south-facing terrace perfect for sunset views and a private balcony from the master bedroom offering sea vistas. Location Benefits: The property is located just a 5-minute walk from Cova Redonda beach and Tremoços beach, enhancing its appeal for beach lovers.
The valuation. The asking price of €334,000 is €60,909 (22.3%) above the fair value of €273,091. The property is considered overpriced due to this significant disparity.
Fair value modelled at €273,091 from 6 comparable sales in the area. Asking €334,000 sits €60,909 (22.3%) above — overpriced versus fair value.
Asking €334,000 versus the Porches, Lagoa, Faro area baseline of €268,614 (€2,713/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €268,614, adjusted for condition and micro-location, gives a modelled fair value of €273,091 (€2,758/m²), a €60,909 (22.3%) gap versus the €334,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porches · f14ba3 | Subject | €334,000 | €3,374 | — | 70 | 77 |
| Armação de Pêra · 190891 | Active | €410,000 | €2,303 | 31.7% | 70 | 74 |
| rua do Barlavento | Active | €440,000 | €2,750 | 18.5% | 72 | 74 |
| rua Quinta dos Arcos, 1 | Active | €330,000 | €3,511 | 4.1% | 70 | 74 |
| rua Quinta das Palmeiras, 3C | Active | €309,000 | €4,120 | 22.1% | — | 73 |
| Median comp | €370,000 | €3,131 | 7.2% | 70 | 74 |
Short-term vacation rental This 2-bed duplex is overpriced with a fair value significantly lower at €273,091, reflecting a 22.3% gap. Given the region's tourist demand, a lower purchase price would provide more competitive rental pricing and stronger yield prospects. Buy-and-hold The current price of €334,000 does not justify the potential for rental appreciation considering the fair value assessment of €273,091. While the neighbourhood score indicates decent demand, the investment is hindered due to this perceived overpricing. Long-term rental Acquiring this property at €334,000 limits yield potential, with a gross yield of only 4.4%, well below what could be achievable at fair value. The neighbourhood’s strong rating suggests stable tenant quality, but the current price softens long-term investment returns due to being overpriced.
Economic Sensitivity Risk The economic stability score of 70/100 indicates that changes in the local economy could significantly 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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