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, 1-bathroom apartment of 90 m², built in 2003, energy rating D. Located on rua da Raminha, 14, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This 7th-floor apartment offers two balconies, providing ample outdoor space and uninterrupted views, enhancing your living experience with Portimão's charming landscape. Condition Notes: The property shows signs of moderate use, with some areas needing minor updates.
The valuation. The asking price of €345,000 is significantly above the fair value of €152,745, reflecting a disparity of €192,255 (55.7%). This property is considered overpriced based on current market analysis.
Fair value modelled at €152,745 from the area baseline, adjusted for condition and location. Asking €345,000 sits €192,255 (55.7%) above — overpriced versus fair value.
Asking €345,000 versus the rua da Raminha, 14 area baseline of €154,530 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 65 · Materials 60 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua da Raminha, 14
Area baseline €154,530 + condition -€14,766 + location +€12,981 = modelled fair value of €152,745 (€1,697/m²), a €192,255 (55.7%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Raminha, 14 | Subject | €345,000 | €3,833 | — | 65 | 71 |
| Portimão · ba3dc6 | Active | €225,000 | €2,848 | 25.7% | 55 | 74 |
| Portimão · 956ee1 | Active | €222,000 | €2,921 | 23.8% | 68 | 73 |
| Portimão · cfe06a | Active | €236,000 | €6,378 | 66.4% | — | 75 |
| Portimão · ba39cf | Active | €280,000 | €3,944 | 2.9% | 70 | 69 |
| Median comp | €230,500 | €3,433 | 10.5% | 68 | 74 |
Short-term vacation rental: Given the property is priced at €345,000, significantly above its fair value of €152,745, it is not feasible for a profitable short-term vacation rental strategy amidst a competitive tourism-driven economy. Additionally, with a gross yield of only 3.8%, this property does not offer sufficient return potential for investors seeking short-term rental income. Long-term rental: At a listing price of €345,000, this 2-bed apartment is overpriced compared to its fair value of €152,745, making it a less attractive option for long-term rental investments. The 3.8% gross yield is notably lower, indicating that the potential rental income does not justify the elevated purchase price. Buy-and-hold: The property’s current listing of €345,000, significantly above its fair value of €152,745, suggests that a buy-and-hold strategy would likely yield disappointing returns. With a gross yield of 3.8% and a fair valuation gap of 55.7%, this investment is not positioned for adequate long-term growth or appreciation. Not ideal for: Student housing, Luxury market, Industrial investment.
Economic Volatility Risk With an economic stability score of 65/100, the property may be vulnerable to fluctuations that could negatively impact tenant demand and rental income.
