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 89 m², built in 1992, energy rating D. Located on avenida São João de Deus, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features a spacious storage room in the basement, alongside its central location which offers pleasant city views and proximity to essential amenities.
The valuation. The asking price of €265,000 is significantly above the fair value of €150,155, representing a €114,845 (43.3%) overpricing. The property is classified as overpriced based on current market assessments.
Fair value modelled at €150,155 from the area baseline, adjusted for condition and location. Asking €265,000 sits €114,845 (43.3%) above — overpriced versus fair value.
Asking €265,000 versus the avenida São João de Deus area baseline of €288,182 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
avenida São João de Deus
Area baseline €288,182 + condition -€17,939 + location +€15,281 = modelled fair value of €150,155 (€1,687/m²), a €114,845 (43.3%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida São João de Deus | Subject | €265,000 | €2,978 | — | 65 | 75 |
| Portimão · cfdd0f | Active | €370,000 | €3,426 | 15.1% | 70 | 75 |
| ladeira do Vau | Active | €310,000 | €3,263 | 9.6% | 76 | 73 |
| Portimão · 65a73b | Active | €279,000 | €3,000 | 0.8% | 62 | 72 |
| Portimão · 090219 | Active | €499,000 | €2,835 | 4.8% | 77 | 73 |
| Median comp | €340,000 | €3,132 | 5.2% | 73 | 73 |
Short-term vacation rental Given the strong tourist attraction in the Algarve region, this property is positioned in a vacation-friendly zone; however, the current pricing exceeds fair market value by 43.3%. The stagnant gross yield of 0% indicates that short-term rental strategies may not achieve financial viability due to the overpriced nature of this investment. Long-term rental While the neighbourhood boasts a decent quality rating of 75/100, the property’s pricing at €265,000 suggests that entry into the long-term rental market may not yield attractive cash flows. Given the fair value of €150,155, potential long-term returns are undermined as the property remains overpriced relative to local rental demand. Buy-and-hold Investing in a buy-and-hold strategy may appear appealing due to the stable economic backdrop linked to tourism; however, the property is overpriced at €265,000 against its fair value estimate of €150,155. This significant valuation gap of 43.3% likely hampers the potential for capital appreciation in the buy-and-hold context, making it a less optimal investment choice.
Economic Vulnerability With an economic stability score of 65/100, there is a noteworthy risk of fluctuations in economic conditions that could impact rental income stability and property value.
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