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 120 m², energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a spacious east-west facing balcony, perfect for enjoying sunrise and sunset views, along with a dedicated parking space for convenience.
The valuation. The asking price of €353,000 is significantly above the fair value of €226,871, resulting in an overvaluation of €126,129, or 35.7%. This suggests that investors should approach this property with caution. Buy-to-flip angle. A buy-to-flip strategy would require a careful assessment of the apartment's condition and fixtures, which could benefit from upgrades. This could facilitate a competitive resale in a vibrant market like Portimão. Buy-to-let angle. With an estimated rental income of €1,206 per month, the gross yield stands at 4.1%. This makes the property an attractive option for long-term rental, especially given Algarve's tourism-driven economy.
Fair value modelled at €226,871 from the area baseline, adjusted for condition and location. Asking €353,000 sits €126,129 (35.7%) above — overpriced versus fair value.
Asking €353,000 versus the Portimão, Portimão, Faro area baseline of €206,040 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 78 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €206,040 + condition +€1,875 + location +€18,956 = modelled fair value of €226,871 (€1,891/m²), a €126,129 (35.7%) gap versus the €353,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1e63d6 | Subject | €353,000 | €2,942 | — | 74 | 73 |
| Portimão · 090219 | Active | €499,000 | €2,835 | 3.6% | 77 | 73 |
| urbanização Cerca do Moinho | Active | €475,000 | €2,896 | 1.5% | 73 | 64 |
| Ferragudo · f3607d | Active | €395,000 | €2,394 | 18.6% | 72 | 74 |
| avenida Tomás Cabreira | Active | €630,000 | €6,632 | 125.4% | 74 | 74 |
| Median comp | €487,000 | €2,866 | 2.6% | 74 | 74 |
Short-term vacation rental The property is overpriced by 35.7%, which diminishes the appeal for a short-term vacation rental investment in a market that heavily relies on tourism. With a gross yield of only 4.1%, the potential returns do not justify the current asking price. Buy-and-hold At €353,000, this buy-and-hold strategy is challenging due to the significant gap from its fair value of €226,871, making long-term profitability uncertain. The current condition score of 76/100 may not be enough to offset the high purchase price over the long term. Long-term rental The asking price of €353,000 exceeds the fair value considerably, which could hinder cash flow in a long-term rental scenario. With a gross yield of 4.1%, the investment does not present an attractive opportunity given the high costs associated with the property.
Moderate Economic Risk The economic stability score of 65/100 suggests potential volatility in the local economy, which may impact long-term tenant retention and rent stability.
