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 116 m², built in 1988, energy rating C. Located on rua Cidade de Gôa, Portimão parish, Portimão municipality, Faro district. This apartment features a spacious garage for convenient parking and secure storage, along with efficient natural ventilation that enhances comfort throughout the year.
The valuation. The asking price of €315,000 sits significantly above fair value, which is €197,315, resulting in an overpricing of €117,685 (37.4%). This disparity indicates the property is overpriced in the current market.
Fair value modelled at €179,400 from the area baseline, adjusted for condition and location. Asking €315,000 sits €135,600 (43.0%) above — overpriced versus fair value.
Asking €315,000 versus the rua Cidade de Gôa area baseline of €199,172 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 (Condition 53 · Materials 57 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit. Full condition report →
Neighbourhood score 70/100 (Housing Market 75 · Amenities 70 · Economic 60 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
rua Cidade de Gôa
Area baseline €199,172 + condition -€35,706 + location +€15,934 = modelled fair value of €179,400 (€1,547/m²), a €135,600 (43.0%) gap versus the €315,000 asking price.
Short-term vacation rental The property is priced at €315,000, which is 37.4% above its fair value of €197,315, making it a less attractive option for short-term vacation rentals. With a gross yield of only 4.4% and a condition score of 55/100, it may struggle to generate the desired returns in Portimão's competitive market. Long-term rental At €315,000, this apartment represents a significant premium over its fair value, resulting in an unappealing investment for long-term rental purposes. The combined lower yield of 4.4% and fair neighbourhood rating of 70/100 may deter potential tenants, affecting rental demand. Buy-and-hold Considering the current listing price of €315,000, which is notably overpriced compared to the fair value of €197,315, this property may not yield favorable long-term capital appreciation. Additionally, the average condition rating of 55/100 suggests that ongoing maintenance costs could further diminish the investment's attractiveness over time.
Economic Instability Risk The economic stability score of 60/100 suggests potential fluctuations in the market that could impact rental income.
