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 178 m² on the 1st floor, built in 1995, energy rating E. Located Alvor parish, Portimão municipality, Faro district. This apartment features a rooftop terrace with a pergola, perfect for outdoor dining and gatherings, while offering stunning views of the Penina fields and Monchique mountains.
The valuation. The asking price of €390,000 sits €59,722 (13.3%) below the assessed fair value of €449,722. This property is clearly underpriced, offering potential for appreciation.
Fair value modelled at €449,722 from 6 comparable sales in the area. Asking €390,000 sits €59,722 (13.3%) below — the upside to fair value.
Asking €390,000 versus the Alvor, Portimão, Faro area baseline of €468,111 (€2,630/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €468,111, adjusted for condition and micro-location, gives a modelled fair value of €449,722 (€2,527/m²), a €59,722 (13.3%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 5b85b9 | Subject | €390,000 | €2,191 | — | 65 | 75 |
| Alvor · a8027b | Active | €390,000 | €2,653 | 21.1% | 56 | 72 |
| Alvor · 875031 | Active | €349,000 | €2,837 | 29.5% | 68 | 81 |
| Alvor · 831431 | Active | €390,000 | €2,653 | 21.1% | 54 | 71 |
| Portimão · a80253 | Active | €360,000 | €2,400 | 9.5% | 75 | 71 |
| Median comp | €375,000 | €2,653 | 21.1% | 62 | 72 |
Short-term vacation rental The property’s location in Alvor, near the Algarve, positions it well to capitalize on the robust tourism market, particularly during peak seasons. With a fair value of €449,722 indicating a 13.3% gap compared to the listing price of €390,000, it offers a promising potential for short-term rental income. Long-term rental The property boasts a solid condition rating of 66/100 and benefits from a neighborhood quality score of 75/100, making it an appealing option for long-term renters seeking quality living in a popular area. Given the fair valuation suggests substantial upside from its listing price, it represents a strong investment for sustained rental income. Buy-and-hold Investing in this property can be justified by its above-average neighborhood amenities and close proximity to tourism, providing a stable asset for long-term growth. The 13.3% gap from fair value suggests that holding onto the asset could yield significant appreciation as demand continues to rise. Not ideal for: Student housing Given the area's focus on tourism rather than a stable student population, this property would not be well-suited for a student housing strategy. Not ideal for: Industrial investment The residential nature of the property and its location in a high-income tourist area indicate that it would not be an effective choice for industrial investment strategies.
Tenant volatility risk There is a moderate risk of tenant turnover due to the tenant stability score of 75/100, which suggests potential variability in rental income streams.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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