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 apartment of 110 m², energy rating A. Located Alvor parish, Portimão municipality, Faro district. The property includes two garage spaces, one equipped with an electric gate for added security and convenience.
The valuation. The asking price of €650,000 is significantly above the fair value of €343,927, with a difference of €306,073 (89.0%). This property is therefore overpriced for the current market. Buy-to-flip angle. A successful resale strategy would involve minor renovations to enhance appeal and justify a higher price, leveraging the tourism-driven demand in the Algarve. Quick flips could yield substantial profits if executed properly. Buy-to-let angle. The estimated rental income of €1,354/month translates to a gross yield of 2.5%, making this property a stable long-term rental option given the area's attraction to tourists. This consistent rental income aligns well with buy-and-hold strategies.
Fair value modelled at €343,927 from 6 comparable sales in the area. Asking €650,000 sits €306,073 (89.0%) above — overpriced versus fair value.
Asking €650,000 versus the Alvor, Portimão, Faro area baseline of €339,549 (€3,087/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €339,549, adjusted for condition and micro-location, gives a modelled fair value of €343,927 (€3,127/m²), a €306,073 (89.0%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 5da240 | Subject | €650,000 | €5,909 | — | 70 | 71 |
| Portimão · 4d4699 | Active | €400,000 | €3,774 | 36.1% | — | 66 |
| Portimão · 090219 | Active | €499,000 | €2,835 | 52.0% | 77 | 73 |
| Alvor · cfe295 | Active | €578,000 | €3,211 | 45.7% | 73 | 74 |
| Alvor · 911747 | Active | €289,000 | €3,042 | 48.5% | 70 | 71 |
| Median comp | €449,500 | €3,127 | 47.1% | 73 | 72 |
Long-term rental The current listing price of €650,000 significantly exceeds the fair value of €343,927, indicating that the property is overpriced for long-term rental investments. At a gross yield of only 2.5%, the return on investment does not justify the high acquisition cost. Short-term vacation rental With a fair value of €343,927, the property’s listing at €650,000 presents a substantial gap of 89.0%, classifying it as overpriced for short-term vacation rental opportunities. The existing yield of 2.5% fails to capture the potential profitability typically desired in the tourism-driven region of the Algarve. Buy-and-hold Given that the property is priced at €650,000 while its fair value is €343,927, this investment is markedly overpriced for a buy-and-hold strategy. The insufficient yield of 2.5% coupled with the high acquisition price suggests that long-term value appreciation is unlikely to be realized effectively in this scenario.
Economic Vulnerability A score of 65/100 in economic stability suggests a potential for market fluctuations that could impact property values and 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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