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 59 m², energy rating C. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a private south-facing balcony with garden views and is situated within a well-maintained condominium boasting new padel courts for active leisure.
The valuation. The asking price of €269,900 is €19,715 (7.9%) above the fair value of €250,185, suggesting the property is fairly valued. The market conditions indicate a stable pricing environment in this area.
Fair value modelled at €250,185 from 6 comparable sales in the area. Asking €269,900 sits €19,715 (7.9%) above — overpriced versus fair value.
Asking €269,900 versus the Alvor, Portimão, Faro area baseline of €255,390 (€4,329/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €255,390, adjusted for condition and micro-location, gives a modelled fair value of €250,185 (€4,240/m²), a €19,715 (7.9%) gap versus the €269,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 83143e | Subject | €269,900 | €4,575 | — | 74 | 65 |
| praceta da Alvorada, 1 | Active | €253,000 | €3,833 | 16.2% | 60 | 75 |
| rua da Alvorada | Active | €259,000 | €4,047 | 11.5% | 65 | 70 |
| ladeira de Nora | Active | €235,000 | €3,983 | 12.9% | — | 70 |
| praceta das Faias | Active | €235,000 | €4,434 | 3.1% | 70 | 72 |
| Median comp | €244,000 | €4,015 | 12.2% | 65 | 71 |
Short-term vacation rental The property’s fair value suggests that it is fairly priced for the market, yet the gross yield of 3.4% indicates that short-term rental income potential may not fully justify the investment. Given the property's proximity to beaches in Algarve, it could be a stable option for vacation rentals, albeit not necessarily a high-growth opportunity. Buy-and-hold With a fair value close to the market price, this 1-bed apartment may provide steady returns over time but lacks significant upside potential. Its condition rating of 71/100 and the neighborhood rating of 65/100 indicate it is a decent asset, though not the most compelling for long-term wealth accumulation. Value-add renovation The current valuation positions the property fairly, while the condition score of 71/100 suggests that there is room for improvement through renovations. However, the 7.9% gap to fair market value indicates that value-add opportunities may be limited, making this strategy less attractive at the current price point.
Economic vulnerability With an economic stability score of 55/100, there is a notable risk of economic downturns impacting rental income and property values.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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