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.
2-bedroom, 2-bathroom apartment of 191 m² on the 2nd floor, built in 2006, energy rating C. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a dedicated garage space with a charging point for electric vehicles, reflecting a commitment to modern sustainability and convenience in a desirable location.
The valuation. The asking price of €397,000 is significantly below the fair value of €538,135, representing a discount of €141,135 (26.2%). This property is therefore considered underpriced.
Fair value modelled at €538,135 from 6 comparable sales in the area. Asking €397,000 sits €141,135 (26.2%) below — the upside to fair value.
Asking €397,000 versus the Alvor, Portimão, Faro area baseline of €485,921 (€2,544/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 is above the parish average, lifting 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 €485,921, adjusted for condition and micro-location, gives a modelled fair value of €538,135 (€2,817/m²), a €141,135 (26.2%) gap versus the €397,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 828f18 | Subject | €397,000 | €2,079 | — | 73 | 65 |
| rua Rei Dom Sebastião, 11 | Active | €370,000 | €2,624 | 26.2% | 75 | 75 |
| Portimão · efdcb4 | Active | €375,000 | €2,778 | 33.6% | 74 | 72 |
| Alvor · 622808 | Active | €140,000 | €3,256 | 56.6% | 78 | 60 |
| rua Sito das Sesmarias | Active | €393,000 | €2,472 | 18.9% | 70 | 70 |
| Median comp | €372,500 | €2,701 | 29.9% | 75 | 71 |
Short-term vacation rental The property is ideally situated in the Algarve area, which enjoys robust seasonal tourist activity and demand for vacation rentals. With a fair value of €538,135 compared to the listing price of €397,000, this presents a compelling opportunity to capitalize on short-term rental income. Buy-and-hold Holding this 2-bed apartment in Alvor aligns well with a long-term investment strategy, particularly considering the property is significantly below its fair value by 26.2%. The location's appeal as a tourist destination suggests that the property's value is likely to appreciate over time, making it a sound buy-and-hold opportunity. Value-add renovation With a current condition rating of 77/100, there is room to enhance the apartment’s appeal through renovations, which could boost its market value towards the fair value estimate. Investing in upgrades could create a more attractive rental option, benefiting from the robust demand in the Alvor area while simultaneously expanding the potential rental yield from the property.
Tenant turnover risk With both economic and tenant stability scores at 60/100, there may be a heightened risk of tenant turnover, potentially leading to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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