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, 3-bathroom apartment of 165 m², built in 2016, energy rating A. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a private garage with 50 m² and access to a communal pool and well-kept garden, enhancing leisure and lifestyle options right at home.
The valuation. The asking price of €540,000 is significantly above fair value, which is estimated at €314,010, resulting in a discrepancy of €225,990 (41.9%). Thus, the property is overpriced. Buy-to-flip angle. With renovations and market conditions, this property could be flipped for a quick profit in the tourist-heavy Algarve. A targeted sales strategy could capitalise on high demand during peak seasons. Buy-to-let angle. Targeting short-term vacation rentals, this property could achieve a gross yield of approximately 2.6%. With an estimated rental income of €1,170 per month, it offers stable cash flow despite the current price.
Fair value modelled at €314,010 from the area baseline, adjusted for condition and location. Asking €540,000 sits €225,990 (41.9%) above — overpriced versus fair value.
Asking €540,000 versus the Portimão, Portimão, Faro area baseline of €532,290 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 73 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €532,290 + condition +€4,641 + location +€26,064 = modelled fair value of €314,010 (€1,903/m²), a €225,990 (41.9%) gap versus the €540,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 82c82c | Subject | €540,000 | €3,273 | — | 73 | 73 |
| Portimão · 0dcc96 | Active | €1,250,000 | €8,224 | 151.3% | 76 | 68 |
| Portimão · 6d51c7 | Active | €550,000 | €2,973 | 9.2% | 78 | 80 |
| rua da Vila Rosa S / N | Active | €647,000 | €5,882 | 79.7% | 80 | 74 |
| Portimão · 99f185 | Active | €515,000 | €3,679 | 12.4% | 75 | 78 |
| Median comp | €598,500 | €4,781 | 46.1% | 77 | 76 |
Short-term vacation rental The property is overpriced by 41.9%, which diminishes its potential for a profitable short-term vacation rental given its gross yield of only 2.6%. Additionally, while the Algarve region is known for its tourist appeal, the substantial pricing gap raises concerns about achieving desirable occupancy rates. Buy-and-hold Investing in this property for a buy-and-hold strategy seems questionable since it is currently overpriced, thus lacking long-term appreciation potential. The fair value of €314,010 suggests that buyers will face significant challenges in realizing any substantial gains over time. Family rental This property is overpriced at €540,000, making it an unappealing option for long-term family rentals given its low gross yield and the competitive nature of the rental market. Families seeking reasonably priced housing may overlook this unit, especially when fair value indicates a better investment elsewhere.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of market fluctuations affecting property value and rental demand.
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