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, 0-bathroom apartment of 122 m², built in 2015, energy rating B. Located Mexilhoeira Grande parish, Portimão municipality, Faro district. Noteworthy Features: The apartment benefits from an active tourist license, allowing immediate entry into the rental market and provides access to amenities at the Algarve Race Resort Hotel.
The valuation. The asking price of €245,000 is 1.2% above the fair value of €242,165, indicating that the property is overpriced. Buyers should be cautious as the valuation does not align with the current market expectations.
Fair value modelled at €242,165 from the area baseline, adjusted for condition and location. Asking €245,000 sits €2,835 (1.2%) above — overpriced versus fair value.
Asking €245,000 versus the Mexilhoeira Grande, Portimão, Faro area baseline of €364,780 (€2,990/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 80 · Materials 82 · Room dimensions 81). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Mexilhoeira Grande, Portimão, Faro
Area baseline €364,780 + condition +€12,581 + location +€20,110 = modelled fair value of €242,165 (€1,985/m²), a €2,835 (1.2%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Mexilhoeira Grande · 93732c | Subject | €245,000 | €2,008 | — | 80 | 74 |
| Mexilhoeira Grande · 93739e | Active | €195,000 | €1,950 | 2.9% | 74 | 73 |
| Odiáxere · 82c796 | Active | €299,950 | €4,411 | 119.7% | 75 | 75 |
| rua das Palmeiras, 99 | Active | €395,000 | €2,842 | 41.5% | 70 | 70 |
| Mexilhoeira Grande · 25f6e2 | Active | €380,000 | €4,043 | 101.3% | 58 | 68 |
| Median comp | €339,975 | €3,443 | 71.4% | 72 | 72 |
Long-term rental This property is overpriced as its listing price of €245,000 is just 1.2% above the fair value of €242,165, making it less attractive for potential long-term tenants. With a gross yield of 0%, the investment does not align with typical rental market expectations in the Algarve region. Short-term vacation rental As the property is overpriced, it fails to present a convincing case for a short-term vacation rental strategy, especially given its gross yield of 0%. The lack of profitable returns in a market benefiting from tourism diminishes the appeal of this investment. Buy-and-hold Despite the property boasting reasonable condition and neighborhood ratings, it is overpriced at €245,000 compared to the fair value of €242,165, resulting in unsatisfactory long-term appreciation potential. The 0% gross yield further complicates the decision to pursue a buy-and-hold strategy in this market, which generally requires stronger financial returns to warrant long-term commitments.
Economic Sensitivity Risk A moderate economic stability score of 65/100 may indicate susceptibility to economic downturns, potentially affecting tenant retention and rental income.
