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.
1-bedroom, 1-bathroom apartment of 70 m² on the 6th floor, built in 1992. Located on urbanização Serra e Mar em Alvor, Alvor parish, Portimão municipality, Faro district. This apartment features two balconies with unobstructed views and easy accessibility to local amenities, enhancing its appeal for both personal use and potential rental income.
The valuation. The asking price of €235,000 sits just €734 above the calculated fair value of €234,266, representing a nominal difference of 0.3%. Overall, this property is considered to be fairly priced. Buy-to-flip angle. The strategy for resale focuses on cosmetic upgrades to elevate the property’s appeal, targeting a quick flip in a market where demand for stylish, updated apartments is strong. Estimated profits could be realized through a 10% markup upon sale. Buy-to-let angle. With an estimated gross yield of 4.2%, the rental strategy aims to capitalize on the high tourism demand in Algarve, with expected rental income around €822/month for short-term vacation or family rentals, ensuring consistent cash flow.
Fair value modelled at €234,266 from 6 comparable sales in the area. Asking €235,000 sits €734 (0.3%) above — overpriced versus fair value.
Asking €235,000 versus the urbanização Serra e Mar em Alvor area baseline of €235,750 (€3,368/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 above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €235,750, adjusted for condition and micro-location, gives a modelled fair value of €234,266 (€3,347/m²), a €734 (0.3%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Serra e Mar em Alvor | Subject | €235,000 | €3,357 | — | 68 | 71 |
| Alvor · 622808 | Active | €140,000 | €3,256 | 3.0% | 78 | 60 |
| Portimão · f46d35 | Active | €260,000 | €2,857 | 14.9% | 74 | 73 |
| rua Nascer do Sol, 4 | Active | €280,000 | €4,000 | 19.1% | 75 | 70 |
| urbanização Mar e Serra, 35 | Active | €349,000 | €3,035 | 9.6% | 63 | 70 |
| Median comp | €270,000 | €3,146 | 6.3% | 75 | 70 |
Short-term vacation rental This property offers a gross yield of 4.2%, making it a competitive option for short-term vacation rentals in the desirable Algarve region. Despite the fair market value of €234,266, it may not present enough upside potential given the minimal gap from the listing price. Buy-and-hold With a neighborhood rating of 71/100, this property in Alvor holds attractive long-term rental prospects, supported by the region's strong tourism-driven economy. However, the fair valuation suggests limited room for appreciation over time, warranting cautious investment consideration. Family rental The neighborhood's safety and amenities positively contribute to its appeal for family rentals, offering a decent environment for tenants. Nevertheless, the property is fairly priced at €235,000, leaving little margin for rental yield growth in this strategy.
Economic vulnerability The economic stability score of 65/100 indicates a moderate risk to potential revenue due to fluctuations in the local economy.
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