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 80 m² on the 2nd floor, energy rating D. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a practical storage room and a balcony that enhances the living space, ideal for relaxation or entertaining guests.
The valuation. The asking price of €275,000 is significantly above the fair value of €242,328, presenting a difference of €32,672 (13.5%). Overall, this property can be deemed overpriced based on current market standards.
Fair value modelled at €242,328 from 6 comparable sales in the area. Asking €275,000 sits €32,672 (13.5%) above — overpriced versus fair value.
Asking €275,000 versus the Alvor, Portimão, Faro area baseline of €205,962 (€2,575/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €205,962, adjusted for condition and micro-location, gives a modelled fair value of €242,328 (€3,029/m²), a €32,672 (13.5%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 0c05ac | Subject | €275,000 | €3,438 | — | 75 | 80 |
| Portimão · 6227b5 | Active | €260,000 | €3,095 | 10.0% | 72 | 70 |
| Portimão · ee8920 | Active | €330,000 | €2,870 | 16.5% | 76 | 80 |
| urbanização da Raminha | Active | €299,000 | €3,115 | 9.4% | 74 | 68 |
| rua da Pedra, 9 | Active | €320,000 | €2,963 | 13.8% | 70 | 72 |
| Median comp | €309,500 | €3,029 | 11.9% | 73 | 71 |
Short-term vacation rental This 2-bed apartment meets the criteria for short-term vacation rentals in Algarve, but at a listing price of €275,000, it exceeds the fair value by 13.5%, indicating it's overpriced. The property’s strong location ensures seasonal demand, yet the 4.9% gross yield does not justify the inflated entry point. Buy-and-hold While this apartment benefits from its location in a popular tourist area, it is currently overpriced at €275,000, well above the fair value of €242,328. Investors may find that the lower potential for long-term appreciation, given the 79/100 condition score, limits its attractiveness as a buy-and-hold opportunity. Family rental The apartment's current listing of €275,000 places it above its fair value, undermining its potential as a family rental, particularly in a market segment with varying competition. With a neighbourhood score of 80/100 providing necessary amenities, the elevated price detracts from its suitability for long-term family tenants who might prioritize affordability.
Economic downturn risk A modest economic stability score of 75/100 suggests potential vulnerabilities during economic downturns that could affect property value and 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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