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 duplex of 127 m², energy rating D. Located Porches parish, Lagoa municipality, Faro district. Noteworthy Features: This duplex offers a panoramic sea view from the living room, creating a unique atmosphere for relaxation and gatherings, complemented by high-quality finishes throughout.
The valuation. The asking price sits at €425,000, which is €21,351 (4.8%) below the fair value of €446,351, indicating that the property is priced fairly within the current market conditions.
Fair value modelled at €446,351 from 6 comparable sales in the area. Asking €425,000 sits €21,351 (4.8%) below — the upside to fair value.
Asking €425,000 versus the Porches, Lagoa, Faro area baseline of €447,751 (€3,526/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €447,751, adjusted for condition and micro-location, gives a modelled fair value of €446,351 (€3,515/m²), a €21,351 (4.8%) gap versus the €425,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porches · 096e13 | Subject | €425,000 | €3,346 | — | 72 | 75 |
| rua Vila Nossa Senhora da Rocha, 15A | Active | €350,000 | €3,500 | 4.6% | 74 | 73 |
| rua José Prudêncio Vieira, 11 | Active | €380,000 | €3,519 | 5.1% | 65 | 77 |
| Armação de Pêra · 831618 | Active | €380,000 | €3,519 | 5.1% | 70 | 71 |
| Armação de Pêra · 57fcb0 | Active | €245,000 | €3,889 | 16.2% | 70 | 66 |
| Median comp | €365,000 | €3,519 | 5.2% | 70 | 72 |
Short-term vacation rental The property in Porches presents an attractive opportunity for short-term vacation rentals, leveraging the Algarve's status as a popular tourist destination. With a gross yield of 3.8%, it can generate a steady cash flow while maintaining a connection to the area’s coastal amenities. Buy-and-hold Investing in this duplex as a buy-and-hold strategy is reasonable given its fair value alignment and the area's potential for long-term appreciation. While the current yield is modest, the stable neighborhood and tourist draw may contribute to property appreciation over time. Luxury market Positioning this property within the luxury market could be viable as Porches appeals to affluent buyers seeking vacation homes along the coast. However, with the price slightly below fair value, one must consider the higher end of the market dynamics and competitive landscape.
Economic downturn risk A score of 65/100 in economic stability indicates a potential vulnerability to economic downturns that could impact the property's value 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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