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 67 m², energy rating F. Located Porches parish, Lagoa municipality, Faro district. Noteworthy Features: The apartment includes a spacious 18.5 m² balcony ideal for outdoor dining and benefits from direct foot access to Praia da Nossa Senhora da Rocha. Condition Notes: Well-maintained with modern fixtures, maximizing the coastal lifestyle. Location Highlights: Surrounded by amenities like swimming pools, padel, and mini-golf, creating a vibrant community atmosphere. Investment Potential: Fully furnished and ready for immediate occupancy or rental, requiring no additional investment. Overall Appeal: Stunning sea views enhance the property’s desirability in Algarve’s sought-after climate.
The valuation. The asking price of €350,000 sits above the fair value of €296,298, reflecting an overpriced status of €53,702 (18.1%). This indicates that potential investors might face challenges recouping their investment initially.
Fair value modelled at €296,298 from 6 comparable sales in the area. Asking €350,000 sits €53,702 (18.1%) above — overpriced versus fair value.
Asking €350,000 versus the Porches, Lagoa, Faro area baseline of €287,943 (€4,298/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €287,943, adjusted for condition and micro-location, gives a modelled fair value of €296,298 (€4,422/m²), a €53,702 (18.1%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Porches · 096e2c | Subject | €350,000 | €5,224 | — | 70 | 70 |
| rua Quinta das Palmeiras, 3C | Active | €309,000 | €4,120 | 21.1% | — | 73 |
| rua dos Areeiros, 1 | Active | €280,000 | €4,308 | 17.5% | 78 | 74 |
| Porches · a6d482 | Active | €329,000 | €5,982 | 14.5% | 72 | 72 |
| rua Francisco Oliveira Santos S / N | Active | €245,000 | €4,537 | 13.1% | 65 | 75 |
| Median comp | €294,500 | €4,423 | 15.3% | 72 | 74 |
Short-term vacation rental The €350,000 listing for the 1-bed apartment in Porches represents an 18.1% premium over its fair value of €296,298, indicating that the property is overpriced for the short-term rental market. With a low gross yield of 2.2%, this investment may not generate sufficient cash flow to cover higher purchase costs or management efforts in a competitive tourism-driven region like the Algarve. Buy-and-hold The purchase price of €350,000 exceeds the fair value by 18.1%, suggesting that this buy-and-hold strategy is less attractive due to overpricing. Despite the area's tourism appeal, the low 2.2% yield indicates that returns from traditional rental income may struggle to justify the elevated entry cost. Value-add renovation Given that the property is listed at €350,000—18.1% above its fair value—it is an overpriced opportunity even considering potential renovations. The current condition score of 73/100 may offer some margin for improvement, but the underlying purchase price may limit overall investment returns once renovation costs are factored in.
Economic Vulnerability The property has a low economic stability score of 50/100, indicating potential fluctuations in rental income or property value due to economic conditions.
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