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, 2-bathroom apartment of 178 m² on the 1st floor, built in 1999, energy rating E. Located Alvor parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a versatile office space ideal for remote work and boasts a rooftop covered terrace perfect for outdoor dining, enhancing its appeal for relaxed living.
The valuation. The asking price of €390,000 is significantly below the fair value of €472,245, creating an opportunity to acquire a property valued at €82,245 less than its true worth, or 17.4% underpriced. Buy-to-flip angle. The strategy involves renovating the apartment to enhance its appeal, subsequently flipping it for a higher price in the growing Algarve market, capitalizing on the existing demand for updated properties. Buy-to-let angle. With an estimated monthly rental income of €1,690, this property offers a gross yield of 5.2%. The location's popularity in the Algarve will support consistent long-term rental demand, enhancing investment viability.
Fair value modelled at €472,245 from 5 comparable sales in the area. Asking €390,000 sits €82,245 (17.4%) below — the upside to fair value.
Asking €390,000 versus the Alvor, Portimão, Faro area baseline of €490,728 (€2,757/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €490,728, adjusted for condition and micro-location, gives a modelled fair value of €472,245 (€2,653/m²), a €82,245 (17.4%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 2cdf42 | Subject | €390,000 | €2,191 | — | 54 | 63 |
| Alvor · 831431 | Active | €390,000 | €2,653 | 21.1% | 54 | 71 |
| Alvor · a8027b | Active | €390,000 | €2,653 | 21.1% | 56 | 72 |
| Alvor · 875031 | Active | €349,000 | €2,837 | 29.5% | 68 | 81 |
| urbanização Algarvesol | Active | €280,000 | €2,393 | 9.2% | 60 | 68 |
| Median comp | €369,500 | €2,653 | 21.1% | 58 | 72 |
Short-term vacation rental The property presents an attractive short-term vacation rental opportunity, benefiting from the 17.4% gap below fair value of €472,245. With a gross yield of 5.2% and the area's popularity in the Algarve, rental demand should remain strong throughout the year. Long-term rental With a fair value significantly higher than the listing price, this property is well-positioned for long-term rental success, offering investors a reliable income stream. The local economic conditions and positive tenant quality suggest sustained demand for rental units in the area. Buy-and-hold Holding this property as a buy-and-hold asset presents a compelling opportunity due to its subvalued status in the market, with a fair value indicating room for appreciation. The combination of a reasonable gross yield and a favorable neighborhood score supports a sound long-term investment strategy.
Tenant turnover risk Given a tenant stability score of 65/100, there is a moderate risk of high tenant turnover, which could result in increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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