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. This apartment offers an active tourist license and access to amenities at the Algarve Race Resort Hotel, enhancing its investment appeal and potential for rental income.
The valuation. The asking price of €245,000 is below the fair value of €261,286, indicating that the property is subpriced by €16,286 (6.6%). This presents a unique opportunity for investors looking for value. Buy-to-flip angle. With a well-maintained condition rating of 82/100, the apartment offers excellent resale potential after cosmetic updates, appealing to buyers looking for a move-in ready home in the Algarve market. Buy-to-let angle. Positioned in a mixed neighbourhood rating of 74/100 and benefiting from Algarve's tourism appeal, the property is ideal for a short-term vacation rental, which can yield consistent income year-round.
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 €209,474 (€1,717/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. Full condition report →
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. Full location report →
Mexilhoeira Grande, Portimão, Faro
Area baseline €209,474 + 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.
Long-term rental The 2-bed apartment in Mexilhoeira Grande presents an opportunity for long-term rental, supported by its fair value assessment of €261,286, which indicates it is currently priced below market expectations at €245,000. With a condition rating of 82/100 and respectable neighborhood quality at 74/100, this property can attract stable, long-term tenants seeking quality housing in the Algarve. Short-term vacation rental Given the Algarve's tourism appeal and the property being priced at €245,000, 6.6% below its fair value, it presents a viable option for a short-term vacation rental strategy. The combination of its good condition rating and the local tourist demand positions it well for higher rental yields during peak seasons. Buy-and-hold Acquiring this apartment for a buy-and-hold strategy makes sense as it is currently subvalorizada at €245,000, below the fair value of €261,286, indicating potential appreciation in value over time. The high condition rating and the positive aspects of the neighborhood enhance the long-term investment profile of this property in the growing Algarve region.
Economic Volatility Risk The economic stability score of 65/100 indicates potential volatility, which could impact rental income and property value over time.
