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, built in 2010, energy rating B. Located Portimão parish, Portimão municipality, Faro district. This apartment features a generous 40 m² balcony with a private jacuzzi, creating an ideal space for relaxation and outdoor entertainment overlooking the beautiful Algarve coastline.
The valuation. The asking price of €495,000 is significantly above fair value of €276,449, representing a discrepancy of €218,551 (44.2%). Therefore, the property is considered overpriced.
Fair value modelled at €276,449 from the area baseline, adjusted for condition and location. Asking €495,000 sits €218,551 (44.2%) above — overpriced versus fair value.
Asking €495,000 versus the Portimão, Portimão, Faro area baseline of €240,380 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 75 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 75 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €240,380 + condition +€12,031 + location +€24,038 = modelled fair value of €276,449 (€1,975/m²), a €218,551 (44.2%) gap versus the €495,000 asking price.
Short-term vacation rental This 2-bed apartment in Portimão, listed at €495,000, is substantially overpriced with a fair value of €276,449, indicating a 44.2% gap. Additionally, with a gross yield of only 2.9% and the condition rating of 81/100, it does not present an attractive option for the short-term rental market. Long-term rental Given the current listing price of €495,000, this property appears overpriced compared to its fair value of €276,449, reflecting a significant 44.2% difference. With a modest gross yield of 2.9%, investing in long-term rental opportunities may yield inadequate returns relative to its cost. Buy-and-hold The buy-and-hold strategy for this apartment may not be effective, as it is overpriced at €495,000 compared to the fair value of €276,449, a gap of 44.2%. While the Portimão area benefits from stable tourism, the low yield of 2.9% raises questions about the long-term appreciation potential. Not ideal for The property is not suitable for student housing or targeting the luxury market, particularly given its high listing price and lack of competitive yield. Such strategies would not capitalize on the inherent value of this investment given its current overvaluation.
Economic Impact from Tenant Turnover The tenant stability score of 70/100 indicates a moderate risk of turnover, which could lead to increased vacancy periods and associated costs, impacting overall cash flow.
