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 57 m², built in 1976, energy rating D. Located Alvor parish, Portimão municipality, Faro district. Unique Feature: This apartment includes access to a sunny balcony from the kitchen, providing outdoor space for relaxation and entertaining, complemented by a common garden area with barbecue facilities.
The valuation. The asking price of €260,000 is €20,931 (8.8%) above the fair value of €239,069, positioning this property as fairly priced in today’s market. This assessment reflects its reasonable appeal in the context of local demand and amenities.
Fair value modelled at €239,069 from 6 comparable sales in the area. Asking €260,000 sits €20,931 (8.8%) above — overpriced versus fair value.
Asking €260,000 versus the Alvor, Portimão, Faro area baseline of €234,033 (€4,106/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €234,033, adjusted for condition and micro-location, gives a modelled fair value of €239,069 (€4,194/m²), a €20,931 (8.8%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alvor · 51cc71 | Subject | €260,000 | €4,561 | — | 62 | 78 |
| Alvor · de0c1c | Active | €259,500 | €4,185 | 8.2% | — | 72 |
| rua da Alvorada | Active | €259,000 | €4,047 | 11.3% | 65 | 70 |
| Alvor · ba3dfa | Active | €229,900 | €3,537 | 22.5% | 68 | 67 |
| rua Teófilo Braga | Active | €349,000 | €4,309 | 5.5% | 72 | 70 |
| Median comp | €259,250 | €4,116 | 9.8% | 68 | 70 |
Short-term vacation rental The property could generate a moderate short-term vacation rental yield of 3.6%, benefiting from its proximity to a popular tourist destination in the Algarve. However, seasonal employment in tourism may impact occupancy rates and rental stability. Long-term rental With a fair value of €239,069, this property's gross yield of 3.6% suggests stable long-term rental potential amidst the area's tourism-driven economy. Despite fair market conditions, a 78/100 neighborhood score indicates a good quality environment for tenants, albeit with the fluctuations typical of seasonal employment. Buy-and-hold Investing in this property as a buy-and-hold strategy could provide steady returns, given its proximity to amenities and a decent neighborhood rating of 78/100. However, the property is fairly priced at €260,000, which means the investor should be cautious about long-term valuation appreciation and potential market risks. Not ideal for student housing This 2-bed apartment is not suitable for student housing, as the seasonal nature of the local economy does not align with the stability desired in student rental markets. Additionally, the property’s offering does not adequately cater to long-term academic tenants. Not ideal for industrial use Industrial use is not feasible for this property, given its residential nature and the surrounding neighborhood focused on tourism and residential living. This limits the potential for adaptation into an industrial space within the local context. Not ideal for value-add renovation While the property is rated at 66/100 condition-wise, indicating some improvement opportunities, the fair valuation suggests that major renovations may not yield proportionate returns. Additionally, any renovations would need to carefully consider the rental market's demand stability.
Economic Volatility Risk The scores of 70/100 in both economic and tenant stability indicate a medium risk of fluctuations in income stability, which may impact returns during economic downturns.
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