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, 2-bathroom apartment of 140 m², energy rating A. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: The apartment benefits from access to a private pool within the condominium, enhancing leisure options for residents and guests alike.
The valuation. The asking price of €515,000 is significantly above the fair value of €272,334, making this property overpriced by €242,666 (47.1%). Buyers should consider alternative investment options. Buy-to-flip angle. Given the property's high-quality finishes and its location near Albufeira, a buy-to-flip strategy could yield potential returns by targeting the vacation rental market within tourist seasons. However, current pricing may limit profitability. Buy-to-let angle. With a gross yield of 2.9% at an estimated rental income of €1,245/month, the long-term rental strategy presents moderate returns. Yet, fluctuating population dynamics in tourist regions could affect occupancy stability.
Fair value modelled at €272,334 from the area baseline, adjusted for condition and location. Asking €515,000 sits €242,666 (47.1%) above — overpriced versus fair value.
Asking €515,000 versus the Portimão, Portimão, Faro area baseline of €451,640 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 75 · Materials 80 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 78/100 (Housing Market 80 · Amenities 80 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €451,640 + condition +€5,031 + location +€26,923 = modelled fair value of €272,334 (€1,945/m²), a €242,666 (47.1%) gap versus the €515,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 99f185 | Subject | €515,000 | €3,679 | — | 75 | 78 |
| rua da Vila Rosa S / N | Active | €647,000 | €5,882 | 59.9% | 80 | 74 |
| Estômbar e Parchal · 38a075 | Active | €380,000 | €3,140 | 14.6% | — | 65 |
| rua Doutor Coelho de Carvalho S / N | Active | €585,000 | €5,177 | 40.7% | 85 | 68 |
| Estômbar e Parchal · 262077 | Active | €325,000 | €2,559 | 30.4% | 85 | 78 |
| Median comp | €482,500 | €4,159 | 13.0% | 85 | 71 |
Short-term vacation rental The 2-bed apartment in Portimão, listed at €515,000, is overpriced when compared to its fair value of €272,334, creating a significant gap of 47.1%. With a low gross yield of 2.9%, the investment's profitability as a vacation rental in a fluctuating tourist area is questionable. Long-term rental With the property priced at €515,000, the valuation exceeds its fair value of €272,334 by 47.1%, making it overpriced in the current market. The anticipated gross yield of 2.9% may not appeal to long-term renters given the variable rental dynamics in tourist regions like Albufeira. Family rental This apartment is priced at €515,000, which is significantly higher than its fair value of €272,334, indicating it is overpriced. Families seeking a long-term rental in this area may find the attractive but underwhelming yield of 2.9% unattractive in comparison to other available options.
Economic and Tenant Stability Risk The combined economic and tenant stability score of 75/100 indicates a potential vulnerability, as even slight fluctuations in the market or tenant retention could significantly impact the revenue stability and overall investment performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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