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 122 m², built in 2015, energy rating B. Located Mexilhoeira Grande parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a large south-facing balcony ideal for outdoor relaxation and entertaining, along with an underground parking space and private storage room for added convenience.
The valuation. The asking price of €235,000 is €6,290 (2.7%) above the fair value of €228,710, indicating that the property is overpriced. This discrepancy suggests limited room for immediate investment gains.
Fair value modelled at €228,710 from the area baseline, adjusted for condition and location. Asking €235,000 sits €6,290 (2.7%) above — overpriced versus fair value.
Asking €235,000 versus the Mexilhoeira Grande, Portimão, Faro area baseline of €209,474 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Mexilhoeira Grande, Portimão, Faro
Area baseline €209,474 + condition +€2,478 + location +€16,758 = modelled fair value of €228,710 (€1,875/m²), a €6,290 (2.7%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Mexilhoeira Grande · 1e6046 | Subject | €235,000 | €1,926 | — | 72 | 70 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 18.2% | 78 | 75 |
| Portimão · 6d5229 | Active | €540,000 | €2,512 | 30.4% | 75 | 73 |
| rua Monte da Bemposta, 196 | Active | €429,500 | €2,512 | 30.4% | 75 | 71 |
| Portimão · 65a47c | Active | €360,000 | €2,571 | 33.5% | 70 | 72 |
| Median comp | €432,250 | €2,512 | 30.4% | 75 | 73 |
Short-term vacation rental Given the attractive location in Algarve, the property presents minimal appeal as a short-term vacation rental with a yield of 0%. Its current price is 2.7% above the fair value, indicating that it is overpriced, which may inhibit profitability during peak seasons. Buy-and-hold Acquiring the apartment as a buy-and-hold investment is not advisable, as the yield is currently 0% and the property is priced 2.7% above its fair value. This overpricing limits long-term return potential, especially in a market sensitive to tourism fluctuations. Value-add renovation Investing in a value-add renovation strategy is unlikely to produce favorable results with this property, given its overpriced status and the absence of immediate rental income. The value gap of 2.7% against fair value suggests that any renovation efforts would need to close the existing equity gap, which may prove challenging in the current market conditions.
Potential vacancy risk With an Economic Stability score of 65/100 and a Tenant Stability score of 70/100, the property may face challenges in maintaining consistent occupancy due to fluctuations in economic conditions and tenant reliability.
