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 75 m², built in 1984, energy rating C. Located Alvor parish, Portimão municipality, Faro district. This property includes a charming private outdoor area with a barbecue, enhancing the appeal for leisure activities in the sunny Algarve climate.
The valuation. The asking price of €349,000 is significantly above the fair value of €255,711, representing a discrepancy of €93,289 (36.5%). This property is considered overpriced based on current market conditions.
Fair value modelled at €255,711 from 6 comparable sales in the area. Asking €349,000 sits €93,289 (36.5%) above — overpriced versus fair value.
Asking €349,000 versus the Alvor, Portimão, Faro area baseline of €224,775 (€2,997/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €224,775, adjusted for condition and micro-location, gives a modelled fair value of €255,711 (€3,409/m²), a €93,289 (36.5%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 2fcb5d | Subject | €349,000 | €4,653 | — | 78 | 74 |
| urbanização Mar e Serra S / N | Active | €340,000 | €3,434 | 26.2% | 73 | 72 |
| rua da Raminha, 25 | Active | €308,000 | €3,385 | 27.3% | 75 | 74 |
| Alvor · dc13fc | Active | €347,000 | €3,155 | 32.2% | 72 | 74 |
| Portimão · be917b | Active | €465,000 | €4,227 | 9.2% | 76 | 73 |
| Median comp | €343,500 | €3,410 | 26.7% | 74 | 74 |
Short-term vacation rental The property’s asking price of €349,000, which is 36.5% above its fair value, makes it less attractive in the short-term vacation rental market. With a gross yield of 3.8%, the potential income may not justify the significant initial investment. Long-term rental At €349,000, the property is overpriced compared to its fair value of €255,711, limiting the appeal for long-term rental opportunities. The average yield of 3.8% suggests that potential returns may not meet investor expectations while the condition rating of 80/100 may attract tenant interest but not offset the valuation concerns. Buy-and-hold Investing in this property at €349,000, significantly above the fair value, increases the risk associated with a buy-and-hold strategy. With neighborhood ratings indicating moderate tenant quality and amenities, the investment's long-term appreciation potential appears constrained by its current price point.
Economic Vulnerability With an economic stability score of 65/100, the property may be susceptible to downturns in the local economy, potentially affecting occupancy rates and 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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