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 180 m², built in 2002, energy rating D. Located Alvor parish, Portimão municipality, Faro district. This apartment features a well-integrated heat recovery system in the living room, enhancing energy efficiency and comfort, paired with a stunning sea-view accessible rooftop for communal enjoyment.
The valuation. The asking price of €450,000 represents a 9.1% premium over the fair value of €412,576, indicating that the property is fairly priced but slightly above market expectations.
Fair value modelled at €412,576 from 6 comparable sales in the area. Asking €450,000 sits €37,424 (9.1%) above — overpriced versus fair value.
Asking €450,000 versus the Alvor, Portimão, Faro area baseline of €348,485 (€1,936/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 €348,485, adjusted for condition and micro-location, gives a modelled fair value of €412,576 (€2,292/m²), a €37,424 (9.1%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 51cb5d | Subject | €450,000 | €2,500 | — | 70 | 71 |
| rua Rei Dom Sebastião, 11 | Active | €370,000 | €2,624 | 5.0% | 75 | 75 |
| urbanização Algarvesol | Active | €280,000 | €2,393 | 4.3% | 60 | 68 |
| Alvor · 5b85b9 | Active | €390,000 | €2,191 | 12.4% | 65 | 75 |
| Alvor · 2cdf42 | Active | €390,000 | €2,191 | 12.4% | 54 | 63 |
| Median comp | €380,000 | €2,292 | 8.3% | 63 | 72 |
Short-term vacation rental The property presents a fair investment opportunity as a short-term vacation rental due to its proximity to Algarve beaches, which enhances housing demand among tourists. However, with a gross yield of 4.5% and a fair market value, the current listing price may limit potential profit margins. Long-term rental As a long-term rental, this 3-bed apartment offers stability in rental income backed by a decent neighborhood score of 71/100, indicating a moderate demand. With a fair valuation gap of 9.1%, potential investors might find the price reasonable but should remain cautious given the seasonal employment in the region affecting tenant quality. Buy-and-hold In a buy-and-hold strategy, the property has potential due to its fair valuation amidst a growing demand for larger living spaces near the coastline. Nonetheless, the 4.5% gross yield suggests that while the investment may appreciate over time, the current price reflects its fair market value rather than an opportunity for immediate capital gains.
Economic Volatility Risk The economic stability score of 65/100 indicates a moderate risk of fluctuations in market conditions, which may affect 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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