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.
3-bedroom, 4-bathroom apartment of 156 m² on the 1st floor, built in 2009, energy rating B. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a modern kitchen and bathroom remodel, enhancing its appeal as both a holiday home and a permanent residence in Alvor's vibrant centre.
The valuation. The asking price of €220,000 is significantly below the fair value of €366,807, indicating an underpriced opportunity of €146,807 (40.0%). This suggests a favorable investment position with potential for substantial future equity appreciation.
Fair value modelled at €366,807 from 6 comparable sales in the area. Asking €220,000 sits €146,807 (40.0%) below — the upside to fair value.
Asking €220,000 versus the Alvor, Portimão, Faro area baseline of €313,602 (€2,010/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €313,602, adjusted for condition and micro-location, gives a modelled fair value of €366,807 (€2,351/m²), a €146,807 (40.0%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 07fc34 | Subject | €220,000 | €1,410 | — | — | 70 |
| Portimão · a0cb4a | Active | €630,000 | €1,775 | 25.8% | 87 | 75 |
| rua Rei Dom Sebastião, 11 | Active | €370,000 | €2,624 | 86.1% | 75 | 75 |
| Alvor · 828f18 | Active | €397,000 | €2,079 | 47.4% | 73 | 65 |
| Portimão · e834d6 | Active | €430,000 | €1,617 | 14.6% | 78 | 70 |
| Median comp | €413,500 | €1,927 | 36.6% | 77 | 73 |
Short-term vacation rental This property stands out as an attractive option for short-term vacation rentals given its location in the Algarve, a popular tourist destination, and a significant yield of 8.4%. With a fair value of €366,807, the property is currently priced at €220,000, presenting a considerable opportunity for profit in the vacation rental market. Long-term rental Investing in this property for long-term rental is a strategic move, as it offers an 8.4% yield in a low-crime area that attracts seasonal populations. The price gap from fair value to listing price highlights the opportunity to secure a rental asset that not only meets tenant demand but also presents potential appreciation. Buy-and-hold Acquiring this property as a buy-and-hold investment is promising, given its subvalorizada status with a fair value significantly exceeding its current listing price. The combination of a steady 8.4% yield and strong appreciation potential reinforces this investment strategy, especially in a desirable tourist area like Alvor.
Economic Vulnerability With an economic stability score of 60/100, there is a heightened risk of fluctuating market conditions impacting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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