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 100 m², energy rating B. Located on rua da Raminha, 17, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts impressive solar exposure, ensuring bright living spaces throughout the day, and a social balcony that enhances connectivity between the living room and kitchen.
The valuation. The asking price of €299,000 is significantly above the fair value of €168,437, representing an overpricing of €130,563 (43.7%). This discrepancy suggests the property is not aligned with local market conditions.
Fair value modelled at €168,437 from the area baseline, adjusted for condition and location. Asking €299,000 sits €130,563 (43.7%) above — overpriced versus fair value.
Asking €299,000 versus the rua da Raminha, 17 area baseline of €322,600 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 65 · Materials 70 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 68/100 (Housing Market 75 · Amenities 65 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua da Raminha, 17
Area baseline €322,600 + condition -€15,625 + location +€12,362 = modelled fair value of €168,437 (€1,684/m²), a €130,563 (43.7%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Raminha, 17 | Subject | €299,000 | €2,990 | — | 65 | 68 |
| Portimão · dee59b | Active | €375,000 | €4,934 | 65.0% | 70 | 75 |
| Alvor · 4a81b6 | Active | €429,500 | €3,550 | 18.7% | — | 63 |
| Portimão · 1e638e | Active | €285,946 | €4,766 | 59.4% | 75 | 75 |
| rua das Amendoeiras | Active | €295,000 | €2,757 | 7.8% | 70 | 71 |
| Median comp | €335,000 | €4,158 | 39.1% | 70 | 73 |
Short-term vacation rental The property is poised for short-term vacation rental due to its proximity to popular Algarve tourist spots, yet its current listing price at €299,000 is 43.7% higher than its fair value. With a gross yield of 4.1%, the numbers indicate this property may not be an optimal investment at its current price point. Buy-and-hold While the buy-and-hold strategy could benefit from the location's tourist appeal, the significant gap of 43.7% above fair value suggests that potential investors may face challenges with appreciation. Given the gross yield of 4.1% and the property’s mediocre condition, this option seems less attractive under current pricing conditions. Long-term rental Long-term rental in a seasonal market can provide stable income, but the property is overpriced at €299,000 compared to its fair value of €168,437, indicating limited return on investment potential. With a gross yield of 4.1% and an average neighborhood rating, the investment may fall short of expectations for consistent cash flow and tenant quality.
Economic Vulnerability The economic stability score of 60/100 indicates potential fluctuations in market conditions that could impact rental income and property value.
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