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 68 m², energy rating D. Located on avenida São João de Deus, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a spacious balcony perfect for leisure activities, and is located mere steps from the vibrant Portimão Municipal Market for easy access to fresh local produce.
The valuation. The asking price of €249,000 sits well above the fair value of €130,898, marking an overpriced distinction of €118,102, or 47.4%. This suggests potential buyers should approach with caution given the significant disparity between asking and fair market value.
Fair value modelled at €130,898 from the area baseline, adjusted for condition and location. Asking €249,000 sits €118,102 (47.4%) above — overpriced versus fair value.
Asking €249,000 versus the avenida São João de Deus area baseline of €220,184 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 80 · Materials 75 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 78 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida São João de Deus
Area baseline €220,184 + condition +€3,400 + location +€10,742 = modelled fair value of €130,898 (€1,925/m²), a €118,102 (47.4%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida São João de Deus | Subject | €249,000 | €3,662 | — | 80 | 73 |
| Portimão · 03255d | Active | €290,000 | €3,867 | 5.6% | 72 | 73 |
| Portimão · ba5a79 | Active | €290,000 | €3,295 | 10.0% | 74 | 75 |
| Portimão · 49b7ed | Active | €310,000 | €4,493 | 22.7% | 80 | 68 |
| travessa das Piscinas Municipais, 2 | Active | €490,000 | €10,426 | 184.7% | 72 | 70 |
| Median comp | €300,000 | €4,180 | 14.2% | 73 | 72 |
Short-term vacation rental The property’s pricing at €249,000, which is 47.4% above its fair value of €130,898, suggests a lack of alignment with the competitive rental market in Portimão. With a gross yield of only 3.8%, this investment would likely struggle to generate satisfactory returns in the short-term vacation rental segment. Buy-and-hold Despite the appealing location in Algarve, the current price of €249,000 sharply contrasts with a fair value of €130,898, indicating that the property is overpriced. Investors looking for a long-term buy-and-hold strategy may find it challenging to gain equity appreciation in a market where yields fall short at 3.8%. Family rental The apartment’s asking price of €249,000 is significantly above the fair valuation of €130,898, marking it as overpriced for long-term family rental prospects. The gross yield of 3.8% does not provide an attractive return, limiting the viability for families seeking quality rental options in Portimão.
Economic Vulnerability The economic stability score of 65 indicates a moderate risk of downturns that could affect tenant retention and rental income.
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