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 138 m², built in 2004. Located Portimão parish, Portimão municipality, Faro district. This apartment includes an enclosed balcony with a water point, enhancing functionality for laundry or gardening activities while maintaining aesthetic appeal.
The valuation. The asking price of €349,900 is significantly above the fair value of €251,925, presenting a discrepancy of €97,975 or 28.0%. Verdict: overpriced.
Fair value modelled at €251,925 from the area baseline, adjusted for condition and location. Asking €349,900 sits €97,975 (28.0%) above — overpriced versus fair value.
Asking €349,900 versus the Portimão, Portimão, Faro area baseline of €236,946 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 66 · Materials 72 · Room dimensions 74). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 79/100 (Housing Market 80 · Amenities 85 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €236,946 + condition -€12,506 + location +€27,486 = modelled fair value of €251,925 (€1,826/m²), a €97,975 (28.0%) gap versus the €349,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 25f918 | Subject | €349,900 | €2,536 | — | 66 | 79 |
| Portimão · 6d53e6 | Active | €335,000 | €2,702 | 6.6% | 70 | 64 |
| Portimão · bf2a1f | Active | €285,000 | €2,615 | 3.1% | 65 | 72 |
| estrada de Alvor | Active | €265,000 | €1,893 | 25.3% | — | 71 |
| rua Cidade de Gôa | Active | €315,000 | €2,716 | 7.1% | 53 | 70 |
| Median comp | €300,000 | €2,659 | 4.9% | 65 | 71 |
Long-term rental The projected gross yield of 3.9% suggests that this property may not generate sufficient returns, especially considering its listing price of €349,900, which is 28.0% above its fair value of €251,925. Potential investors should be cautious, as the market may not warrant the investment at this valuation. Short-term vacation rental While the Portimão area enjoys tourism appeal, the high listing price of €349,900 — 28.0% above fair value — weakens the attractiveness of this property as a vacation rental investment. The lack of sufficient yield and the property's current condition of 69/100 further complicate the decision to pursue this strategy. Buy-and-hold Investing in this property as a buy-and-hold strategy appears less favorable due to its listing price, set at €349,900, which is significantly above its fair value of €251,925 — a gap of 28.0%. The expected returns may not compensate for the overheated purchase price, especially in a market driven by tourism.
Economic Sensitivity Risk: With an economic stability score of 75/100, any downturn could significantly impact tenant retention, potentially increasing vacancy rates above current levels.
