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 80 m² on the 2nd floor, built in 1985, energy rating D. Located on estrada do Alvor, Alvor parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a renovated kitchen featuring modern light blue cabinetry and gold hardware, enhancing its aesthetic appeal and functionality for culinary enthusiasts.
The valuation. The asking price of €275,000 is slightly below the fair value of €278,298, making it a fair investment opportunity with a mere €3,298 difference (1.2%). This suggests the property is appropriately priced. Buy-to-flip angle. With a blend of upgraded kitchen and bathroom areas, the resale strategy could focus on minor enhancements to capture higher resale value, appealing to families or investors seeking modern amenities in the desirable Algarve location. Buy-to-let angle. The estimated gross yield of 4.5% indicates a solid rental income strategy, with average monthly rents around €1,031. This aligns well with the area's tourism-driven demand for both short-term and long-term rentals.
Fair value modelled at €278,298 from 5 comparable sales in the area. Asking €275,000 sits €3,298 (1.2%) below — the upside to fair value.
Asking €275,000 versus the estrada do Alvor area baseline of €235,766 (€2,947/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €235,766, adjusted for condition and micro-location, gives a modelled fair value of €278,298 (€3,479/m²), a €3,298 (1.2%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada do Alvor | Subject | €275,000 | €3,438 | — | 85 | 72 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 11.9% | 78 | 68 |
| rua da Misericórdia, B1 | Active | €327,000 | €3,479 | 1.2% | 80 | 70 |
| praceta António Lopes Ribeiro, 16 | Active | €260,000 | €3,714 | 8.1% | 72 | 76 |
| Portimão · bf2a71 | Active | €135,000 | €2,250 | 34.5% | 76 | 70 |
| Median comp | €262,750 | €3,597 | 4.6% | 77 | 70 |
Short-term vacation rental The property offers a reasonable yield of 4.5% gross, capitalizing on the vibrant tourism scene of Alvor and the Algarve coast. However, the current fair value of €278,298 is marginally higher than the asking price, indicating that investor returns may not be maximized. Long-term rental The 2-bed apartment benefits from a solid condition rating of 82/100, positioning it well for long-term tenants seeking quality accommodation in a tourist-driven economy. Even though the yield of 4.5% gross is attractive, the close proximity to fair value suggests limited room for price appreciation in the long run. Family rental With a neighborhood rating of 72/100, the apartment is well-suited for families seeking stability and access to local amenities near the Algarve coast. Although the property maintains a decent yield, its fair valuation highlights that potential returns may be constrained for family-oriented investment strategies.
Potential Economic Downturn The economic stability score of 65/100 suggests a moderate risk of economic downturn, which could lead to decreased tenant retention and increased vacancy rates.
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