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 57 m², built in 1988. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a private south-facing balcony ideal for enjoying sunny days, and the condominium provides convenient on-site parking along with new leisure facilities like padel courts.
The valuation. The asking price of €240,000 is slightly above fair value, which is €232,267, resulting in a difference of €7,733 (3.3%). This property is fairly priced based on the current market analysis.
Fair value modelled at €232,267 from 6 comparable sales in the area. Asking €240,000 sits €7,733 (3.3%) above — overpriced versus fair value.
Asking €240,000 versus the Alvor, Portimão, Faro area baseline of €249,002 (€4,368/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 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 €249,002, adjusted for condition and micro-location, gives a modelled fair value of €232,267 (€4,075/m²), a €7,733 (3.3%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · f14db1 | Subject | €240,000 | €4,211 | — | 55 | 71 |
| Alvor · 8750f1 | Active | €275,000 | €4,167 | 1.0% | 62 | 66 |
| praceta da Alvorada, 1 | Active | €253,000 | €3,833 | 9.0% | 60 | 75 |
| ladeira de Nora | Active | €235,000 | €3,983 | 5.4% | — | 70 |
| rua Dom José I, 73C | Active | €245,000 | €5,833 | 38.5% | 60 | 68 |
| Median comp | €249,000 | €4,075 | 3.2% | 60 | 69 |
Long-term rental The property demonstrates a reasonable yield of 4% gross, which aligns with the expectations for a home in a tourist-friendly area like Alvor. However, with a fair value slightly below the listing price, this investment presents a standard opportunity without significant upside potential. Short-term vacation rental Given Alvor's status as a tourist destination, the apartment could perform well in the short-term vacation rental market, especially during peak seasons. Yet, with a marginal gap from fair value, the property's investment appeal is limited, indicating it may not deliver substantial returns relative to its cost. Buy-and-hold While the 1-bed apartment in Alvor is situated in a favorable location for long-term appreciation, its current pricing at €240,000 poses questions about potential future returns. The overall investment perspective is neutral, as it appears to be priced at a fair value with little room for significant profit in the buy-and-hold strategy.
Economic Vulnerability The property's economic stability score of 65 suggests a moderate risk due to potential fluctuations in local market conditions impacting tenant demand or rental income.
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