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 88 m², built in 1968, energy rating D. Located Portimão parish, Portimão municipality, Faro district. This property features an inviting backyard that offers a rare combination of greenery and space, perfect for creating a personal outdoor retreat in a vibrant urban setting.
The valuation. The asking price of €290,000 exceeds the fair value of €162,247 by €127,753 (44.1%). This property is overpriced according to current market conditions.
Fair value modelled at €162,247 from the area baseline, adjusted for condition and location. Asking €290,000 sits €127,753 (44.1%) above — overpriced versus fair value.
Asking €290,000 versus the Portimão, Portimão, Faro area baseline of €151,096 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 71 · Materials 76 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 78 · Amenities 70 · Economic 65 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €151,096 + condition -€2,750 + location +€13,901 = modelled fair value of €162,247 (€1,844/m²), a €127,753 (44.1%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 99f137 | Subject | €290,000 | €3,295 | — | 71 | 73 |
| ladeira do Vau | Active | €310,000 | €3,263 | 1.0% | 76 | 73 |
| ladeira do Vau | Active | €310,000 | €3,263 | 1.0% | 75 | 69 |
| rua Fernão Magalhães | Active | €405,000 | €3,022 | 8.3% | 68 | 69 |
| Portimão · 090219 | Active | €499,000 | €2,835 | 14.0% | 77 | 73 |
| Median comp | €357,500 | €3,143 | 4.6% | 76 | 71 |
Short-term vacation rental The property is overpriced at €290,000 compared to the fair value of €162,247, creating a significant gap of 44.1%, which limits potential profitability. Although Portimão is a tourism hub, the high entry price challenges the viability of operating a successful vacation rental in this market. Long-term rental At a listing price of €290,000 with a gross yield of only 4.1%, the investment does not align with the fair value estimate of €162,247, indicating that the property is overpriced. While the demand for rentals in the Algarve is stable, the inflated purchase cost constrains competitive rental yields. Buy-and-hold This property’s listing price exceeds its fair value by 44.1%, making it a questionable buy-and-hold opportunity given the current fair valuation of €162,247. Holding an overpriced asset restricts capital appreciation potential and may not yield satisfactory returns long-term, despite the desirable location in Portimão. Not ideal for student housing Due to the property's high price point and the specific dynamics of the housing market in Portimão, it is not suitable for student housing strategies. The significant gap between its asking price and fair value further dissuades investment in this sector, as rental returns are typically lower.
Economic vulnerability The economic stability score of 65/100 indicates potential fluctuations in local market conditions that could impact rental income and property value.
