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 147 m², built in 2010, energy rating C. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: The property boasts a spacious outdoor terrace and patio, perfect for al fresco dining and recreational activities, enhancing the living experience in this tranquil setting.
The valuation. The asking price of €380,000 is slightly above the fair value of €363,340, placing it at €16,660 (4.6%) above fair market indicators. Verdict: fair. Buy-to-flip angle. This property could be flipped by capitalizing on its high-quality finishes and strategic location, targeting potential buyers seeking modern, vacation-ready properties. Buy-to-let angle. With an estimated rental income of €1,235 per month, this apartment offers a gross yield of 3.9%, making it an appealing option for long-term rental strategies, particularly in a high-demand tourist area like Alvor.
Fair value modelled at €363,340 from 6 comparable sales in the area. Asking €380,000 sits €16,660 (4.6%) above — overpriced versus fair value.
Asking €380,000 versus the Alvor, Portimão, Faro area baseline of €360,001 (€2,449/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 is above the parish average, lifting 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 €360,001, adjusted for condition and micro-location, gives a modelled fair value of €363,340 (€2,472/m²), a €16,660 (4.6%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 2fca7d | Subject | €380,000 | €2,585 | — | 70 | 72 |
| rua Sito das Sesmarias | Active | €393,000 | €2,472 | 4.4% | 70 | 70 |
| Alvor · 7ca8e1 | Active | €325,000 | €3,351 | 29.6% | 78 | 70 |
| Alvor · a8ed1d | Active | €393,000 | €2,472 | 4.4% | — | 73 |
| Portimão · 5e6426 | Active | €238,000 | €3,132 | 21.1% | 70 | 70 |
| Median comp | €359,000 | €2,802 | 8.4% | 70 | 70 |
Short-term vacation rental The property’s location in Alvor, which benefits from high tourist activity in the Algarve, ensures steady demand for short-term rentals. However, with a fair value of €363,340 versus the listing price of €380,000, this investment offers limited potential for significant appreciation. Long-term rental While the apartment exhibits a gross yield of 3.9%, the fair value assessment prompts consideration of better-priced opportunities in the long-term rental market. The current pricing above fair value indicates that potential returns may not fully compensate for the investment risk. Buy-and-hold Acquiring this apartment as a buy-and-hold investment may serve as a stable transaction given the neighborhood’s low crime rates and decent tenant quality. Nonetheless, the marginal gap between the asking price and fair value suggests more attractive buy-and-hold properties could exist elsewhere in the market.
Economic Vulnerability With an economic stability score of 65/100, there is a risk of fluctuating market conditions negatively impacting property values or rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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