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 73 m² on the 7th floor, energy rating E. Located on avenida São João de Deus, Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: The apartment's three terraces offer unobstructed city views, enhancing its appeal as a vibrant outdoor living space in the heart of Portimão. Investment Potential: Ideal for both personal residence and vacation rental due to its prime location near amenities.
The valuation. The asking price of €369,000 is significantly above its fair value of €120,835, showing an overpricing of €248,165 (67.3%). This prompts a reevaluation for potential investors to avoid excessive expenditure.
Fair value modelled at €120,835 from the area baseline, adjusted for condition and location. Asking €369,000 sits €248,165 (67.3%) above — overpriced versus fair value.
Asking €369,000 versus the avenida São João de Deus area baseline of €235,498 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 (Condition 62 · Materials 65 · Room dimensions 58). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 75 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida São João de Deus
Area baseline €235,498 + condition -€16,539 + location +€12,033 = modelled fair value of €120,835 (€1,655/m²), a €248,165 (67.3%) gap versus the €369,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida São João de Deus | Subject | €369,000 | €5,055 | — | 62 | 74 |
| avenida São João de Deus, 54 | Active | €220,000 | €3,607 | 28.7% | — | 65 |
| Portimão · f363ac | Active | €310,000 | €4,247 | 16.0% | 65 | 73 |
| rua do Fojo, 39 | Active | €199,000 | €3,755 | 25.7% | 65 | 72 |
| Portimão · ba3dc6 | Active | €225,000 | €2,848 | 43.7% | 55 | 74 |
| Median comp | €222,500 | €3,681 | 27.2% | 65 | 73 |
Short-term vacation rental The apartment's listing price of €369,000 is significantly above the fair value of €120,835, indicating that it is overpriced by 67.3%. Given the gross yield of just 3%, investors may struggle to achieve positive returns in the competitive short-term rental market in Portimão. Buy-and-hold With the property priced at €369,000 versus a fair value of €120,835, this investment falls short of expected returns, as it is overpriced by 67.3%. The gross yield of 3% does not justify the high acquisition cost, making it a less attractive buy-and-hold opportunity. Family rental At an asking price of €369,000, the property is overpriced by 67.3% when compared to the fair value of €120,835. While family rentals can thrive in the Algarve, the current yield of 3% alongside high acquisition costs may limit long-term profitability for this strategy.
Economic Vulnerability The economic stability score of 65 indicates a moderate risk of economic downturn which could impact rental income stability.
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