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, 2-bathroom house of 75 m², energy rating E. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This property includes a conservatory on the third floor, providing additional usable space with excellent sun exposure, enhancing its potential for personalized updates.
The valuation. The asking price of €459,000 is significantly above the fair value of €298,327, representing an excess of €160,673 (53.9%). This property is clearly overpriced given its current condition and market comparables. Buy-to-flip angle. The buy-to-flip strategy for this property suggests a resale after light renovations, with the potential to enhance appeal within the competitive Algarve market. Proper investment in upgrades could attract quick buyers and improve profit margins. Buy-to-let angle. With a gross yield of 2.3% estimated at €880/month, the buy-to-let strategy focuses on attracting long-term tenants in a seasonal tourism area. However, the dated condition may limit rental income potential in the competitive market.
Fair value modelled at €298,327 from 6 comparable sales in the area. Asking €459,000 sits €160,673 (53.9%) above — overpriced versus fair value.
Asking €459,000 versus the Alvor, Portimão, Faro area baseline of €364,766 (€4,864/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 31/100 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 €364,766, adjusted for condition and micro-location, gives a modelled fair value of €298,327 (€3,978/m²), a €160,673 (53.9%) gap versus the €459,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 5ecff5 | Subject | €459,000 | €6,120 | — | 25 | 62 |
| rua Vasco da Gama, 6 | Active | €410,000 | €5,467 | 10.7% | — | 73 |
| Mexilhoeira Grande · 19f5fe | Active | €500,000 | €4,167 | 31.9% | 42 | 61 |
| Alvor · 8ee88f | Active | €649,000 | €2,810 | 54.1% | 54 | 72 |
| largo da Ribeira, 3 | Active | €260,000 | €1,667 | 72.8% | 25 | 73 |
| Median comp | €455,000 | €3,489 | 43.0% | 42 | 73 |
Short-term vacation rental The current listing price of €459,000 for this 3-bed house in Alvor is significantly above its fair value of €298,327, indicating that the property is overpriced by 53.9%. With a gross yield of only 2.3%, the investment may yield disappointing returns in a location heavily reliant on seasonal tourism. Buy-and-hold Investing in this property at €459,000 poses a substantial risk given its fair value of €298,327; thus, it is overpriced by 53.9%. The buy-and-hold strategy may not be viable, as the expected returns align poorly with the high purchase price relative to the property’s gross yield of only 2.3%. Family rental Acquiring this property for family rental at €459,000 may result in a poor investment, considering its fair value of €298,327 and the fact that it is priced 53.9% higher. Additionally, the property’s condition rating of 31/100 further delineates the risk of maintenance costs undermining potential rental income in a neighborhood scoring 62/100.
Economic Decline Risk The low economic stability score of 50/100 suggests a heightened risk of potential decline in property value due to unfavorable market conditions.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
