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 66 m² on the 1st floor, energy rating G. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Feature: The property includes a versatile T1+1 adaptation, enhancing space utility, and boasts a well-equipped south-facing balcony with BBQ and water point, perfect for social gatherings and relaxation.
The valuation. The asking price of €317,000 sits slightly above the fair value of €302,833, showing a variance of €14,167 (4.7%). This property is valued fairly for its market position and condition.
Fair value modelled at €302,833 from 6 comparable sales in the area. Asking €317,000 sits €14,167 (4.7%) above — overpriced versus fair value.
Asking €317,000 versus the Alvor, Portimão, Faro area baseline of €300,875 (€4,559/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €300,875, adjusted for condition and micro-location, gives a modelled fair value of €302,833 (€4,588/m²), a €14,167 (4.7%) gap versus the €317,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 53ca2b | Subject | €317,000 | €4,803 | — | 70 | 72 |
| rua dos Lusíadas S / N | Active | €239,000 | €4,979 | 3.7% | 82 | 75 |
| Portimão · 6eba2d | Active | €227,000 | €2,580 | 46.3% | 68 | 74 |
| rua Francisco Bivar | Active | €294,000 | €4,455 | 7.3% | 80 | 66 |
| rua Judice Fialho, 49 | Active | €230,000 | €3,485 | 27.4% | 70 | 73 |
| Median comp | €234,500 | €3,970 | 17.3% | 75 | 74 |
Short-term vacation rental The property in Alvor presents a reasonable potential for a short-term vacation rental given the region's popularity as a tourist destination. However, at a listing price of €317,000, which is 4.7% above its fair value of €302,833, investors may find it challenging to achieve higher than the current gross yield of 3.7%. Buy-and-hold Considering the stability of the tourism-driven economy in the Algarve, this property may serve adequately as a buy-and-hold investment. Nonetheless, given its fair valuation status at €317,000, it may yield less return on investment than other options in the market. Long-term rental While the property offers decent conditions and an appealing neighbourhood, the fair value assessment suggests it's priced at the market average. The gross yield of 3.7% implies that long-term rental prospects could be limited, especially when weighed against the prevailing market fundamentals in the area.
Tenant turnover risk With both economic and tenant stability scores at 65, there is a heightened risk of tenant turnover, which could lead to increased vacancy rates and loss of 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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