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, 1-bathroom apartment of 92 m² on the 3rd floor, built in 1991, energy rating F. Located São Brás de Alportel parish, São Brás de Alportel municipality, Faro district. Noteworthy Features: This apartment offers a spacious balcony with unobstructed views of the town and mountains, and a communal terrace for sunset enjoyment, enhancing outdoor living opportunities.
The valuation. The asking price of €255,000 sits significantly above the fair value of €203,843, representing a difference of €51,157 (25.1%). This property is overpriced given its current condition and the market context.
Fair value modelled at €203,843 from 5 comparable sales in the area. Asking €255,000 sits €51,157 (25.1%) above — overpriced versus fair value.
Asking €255,000 versus the São Brás de Alportel, São Brás de Alportel, Faro area baseline of €175,373 (€1,906/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €175,373, adjusted for condition and micro-location, gives a modelled fair value of €203,843 (€2,216/m²), a €51,157 (25.1%) gap versus the €255,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Brás de Alportel · 133903 | Subject | €255,000 | €2,772 | — | 65 | 63 |
| rua Doutor José Dias Sancho, 138 | Active | €235,000 | €2,282 | 17.7% | — | 70 |
| rua Luís Bívar | Active | €290,000 | €1,908 | 31.2% | 70 | 58 |
| São Brás de Alportel · 483c70 | Active | €375,000 | €2,060 | 25.7% | 72 | 65 |
| São Brás de Alportel · b329e9 | Active | €325,000 | €2,600 | 6.2% | 73 | 64 |
| Median comp | €307,500 | €2,171 | 21.7% | 72 | 65 |
Short-term vacation rental While the property in São Brás de Alportel benefits from the Algarve's popularity, the 25.1% gap between the listing price and fair value indicates overpricing, limiting potential returns. The gross yield of 3.9% further reinforces concerns about profitability, making it a less favorable option for a vacation rental strategy. Buy-and-hold Given the current valuation of €255,000, which is significantly above the fair value, this property is not well-positioned for a buy-and-hold investment strategy. Investors may struggle to achieve desirable appreciation or rental income, undermining the long-term benefits typically sought in a buy-and-hold approach. Family rental This 2-bed apartment's appeal as a family rental is diminished by its current pricing, which is 25.1% above fair value, suggesting reduced competitiveness in attracting long-term tenants. With a condition rating of 63/100 and an average neighborhood score, the property may not meet the expectations families typically seek in a rental. Not ideal for: Student housing, Luxury market The apartment's pricing and condition do not align with the needs of student housing or the luxury market segments, further confirming its misalignment with these strategies. Consequently, pursuing these markets is unlikely to yield positive outcomes.
Economic Vulnerability With an economic stability score of 50/100, there is a significant risk of market fluctuations negatively impacting property value and rental income potential.
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