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 apartment of 147 m² on the 1st floor, built in 1988, energy rating E. Located Alvor parish, Portimão municipality, Faro district. This apartment features spacious terraces accessible from every bedroom and the living room, providing exceptional outdoor living space in a sought-after coastal location.
The valuation. The asking price of €390,000 is €26,660 (7.3%) above the fair value of €363,340, indicating the property is valued appropriately but does not offer a significant margin for negotiation. This places the transaction at a fair pricing position. Buy-to-flip angle. A buy-to-flip strategy could leverage the current condition rating of 55/100, which suggests potential for value enhancement through renovations, thereby aiming for a profitable resale in a steady market. Buy-to-let angle. The estimated gross yield of 4.7%, yielding approximately €1,528/month, supports a buy-to-let strategy, capitalizing on the area's tourism-driven economy with consistent demand for residential and vacation rentals.
Fair value modelled at €363,340 from 5 comparable sales in the area. Asking €390,000 sits €26,660 (7.3%) above — overpriced versus fair value.
Asking €390,000 versus the Alvor, Portimão, Faro area baseline of €427,892 (€2,911/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 is below the parish average, reducing 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 €427,892, adjusted for condition and micro-location, gives a modelled fair value of €363,340 (€2,472/m²), a €26,660 (7.3%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · a8027b | Subject | €390,000 | €2,653 | — | 56 | 72 |
| Alvor · f14c3f | Active | €250,000 | €1,894 | 28.6% | 62 | 72 |
| Alvor · 875031 | Active | €349,000 | €2,837 | 6.9% | 68 | 81 |
| rua do Fojo | Active | €279,000 | €2,906 | 9.5% | 35 | 66 |
| Alvor · a8ed1d | Active | €393,000 | €2,472 | 6.8% | — | 73 |
| Median comp | €314,000 | €2,655 | 0.1% | 62 | 73 |
Long-term rental The property presents a steady gross yield of 4.7%, supported by the consistent demand in the area for long-term rentals. However, with a fair value of €363,340 versus a listing price of €390,000, this property is priced at a 7.3% premium, suggesting limited upside potential in a stable rental market. Short-term vacation rental Alvor benefits from a tourism-driven economy, making this property appealing for short-term vacation rentals despite its fair listing price. The 4.7% yield indicates a solid income potential, but the current pricing suggests that investors may want to proceed with caution due to the tight gap to fair value. Buy-and-hold As a buy-and-hold investment, the property’s location in a desirable neighborhood with a steady demand for rentals positions it well for long-term capital appreciation. However, with the property listed at €390,000, a 7.3% premium over its fair value raises concerns about entering at a potentially inflated price. Not ideal for Given its residential nature and market characteristics, the property is not suitable for student housing, luxury markets, or industrial use. These segments either do not align with the property’s profile or the current economic dynamics in Alvor.
Potential Economic Downturn The economic stability score of 65/100 indicates that there may be risks of economic downturns which could impact rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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