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 215 m², energy rating B. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The property includes a large, private balcony with stunning river views and an expansive garage box with 50m² for two vehicles and substantial additional storage space.
The valuation. The asking price of €540,000 is significantly above fair value, which is estimated at €426,633, resulting in an overpricing of €113,367 (21.0%). This discrepancy suggests that the property is not a sound investment at the current price.
Fair value modelled at €426,633 from the area baseline, adjusted for condition and location. Asking €540,000 sits €113,367 (21.0%) above — overpriced versus fair value.
Asking €540,000 versus the Portimão, Portimão, Faro area baseline of €369,155 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 75 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 70 · Amenities 80 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €369,155 + condition +€23,516 + location +€33,962 = modelled fair value of €426,633 (€1,984/m²), a €113,367 (21.0%) gap versus the €540,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 6d5229 | Subject | €540,000 | €2,512 | — | 75 | 73 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 9.3% | 78 | 75 |
| Portimão · 65a47c | Active | €360,000 | €2,571 | 2.4% | 70 | 72 |
| Portimão · 82c82c | Active | €540,000 | €3,273 | 30.3% | 73 | 73 |
| rua Zeca Afonso S / N | Active | €549,000 | €3,519 | 40.1% | 80 | 68 |
| Median comp | €487,500 | €2,922 | 16.3% | 76 | 73 |
Short-term vacation rental Given the property's popularity in Portimão as a tourist destination, the gross yield of 4.3% may not justify the €540,000 asking price, as it exceeds the fair value by 21%. This overpricing could deter potential investors looking for attractive short-term rental returns in a competitive market. Buy-and-hold Investors considering a buy-and-hold strategy should note that the apartment's price of €540,000 is a significant 21% above its fair value. Such a valuation may limit long-term capital appreciation and rental income potential compared to more fairly priced alternatives. Family rental While the property could serve as a family rental, the substantial overpricing at €540,000 compared to its fair value of €426,633 raises concerns about affordability for potential tenants. This could also limit the attractiveness of the property in an already varying-quality school district. Not ideal for: Luxury market, Student housing, Industrial investment These strategies are unsuitable given the apartment's pricing, subpar tenant quality, and the overall neighborhood dynamics that do not align with luxury market expectations or the needs of students and industrial investments.
Moderate Economic Risk The economic stability score of 65/100 indicates potential volatility in the local economy, which may affect rental income and property value.
