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 95 m², energy rating D. Located Porches parish, Lagoa municipality, Faro district. Noteworthy Features: This apartment features a sea-facing balcony off the living room, and the condominium offers resort-style amenities including four swimming pools and direct beach access.
The valuation. The asking price of €475,000 sits €56,136 (13.4%) above the fair value of €418,864, making this property overpriced in the current market. This discrepancy suggests potential investors should be cautious before proceeding.
Fair value modelled at €418,864 from 6 comparable sales in the area. Asking €475,000 sits €56,136 (13.4%) above — overpriced versus fair value.
Asking €475,000 versus the Porches, Lagoa, Faro area baseline of €381,322 (€4,014/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 €381,322, adjusted for condition and micro-location, gives a modelled fair value of €418,864 (€4,409/m²), a €56,136 (13.4%) gap versus the €475,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porches · 096e28 | Subject | €475,000 | €5,000 | — | 78 | 74 |
| rua Vila Nossa Senhora da Rocha, 23B | Active | €450,000 | €4,500 | 10.0% | 76 | 73 |
| rua Vila Nossa Senhora da Rocha, 2D | Active | €500,000 | €5,000 | 0% | 80 | 73 |
| Armação de Pêra · 57fcb0 | Active | €245,000 | €3,889 | 22.2% | 70 | 66 |
| Armação de Pêra · 9d29f7 | Active | €285,000 | €4,318 | 13.6% | 80 | 68 |
| Median comp | €367,500 | €4,409 | 11.8% | 78 | 71 |
Short-term vacation rental The property is not ideal for short-term vacation renting due to its overpriced listing at €475,000, which is 13.4% above the fair value of €418,864. This elevated price point diminishes the potential for sustainable returns given the proximity to Albufeira's fluctuating tourist demand. Long-term rental While the property is located in a tourist-friendly neighborhood, its gross yield of 2.7% is unappealing given the high asking price of €475,000 compared to a fair value of €418,864. Potential landlords may struggle to achieve consistent rental income as this investment appears overpriced in a market driven by seasonal demand. Family rental Targeting families is compromised by the property's overpriced status at €475,000, which stands at 13.4% above the fair value of €418,864. Although the neighborhood offers good amenities, this elevated price may limit the attractiveness to the family rental market seeking affordability in their housing options.
Potential economic volatility The economic stability score of 65/100 indicates a moderate risk of fluctuating economic conditions that may affect property 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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