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, 4-bathroom duplex of 207 m², built in 2012, energy rating C. Located on beco António Vicente de Castro, 3, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The property includes a second living room on the lower floor that seamlessly connects to the outdoor space, enhancing indoor-outdoor living options.
The valuation. The asking price of €550,000 exceeds the fair value of €413,993 by €136,007 (24.7%), indicating that the property is overpriced. This discrepancy suggests that potential investors should approach with caution.
Fair value modelled at €413,993 from the area baseline, adjusted for condition and location. Asking €550,000 sits €136,007 (24.7%) above — overpriced versus fair value.
Asking €550,000 versus the beco António Vicente de Castro, 3 area baseline of €355,419 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 80 · Materials 85 · Room dimensions 81). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
beco António Vicente de Castro, 3
Area baseline €355,419 + condition +€25,875 + location +€32,699 = modelled fair value of €413,993 (€2,000/m²), a €136,007 (24.7%) gap versus the €550,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco António Vicente de Castro, 3 | Subject | €550,000 | €2,657 | — | 80 | 73 |
| Portimão · dbd491 | Active | €460,000 | €2,754 | 3.7% | 72 | 70 |
| Portimão · 001afa | Active | €720,000 | €4,675 | 76.0% | 80 | 76 |
| Alvor · 0dcf58 | Active | €395,000 | €2,532 | 4.7% | 80 | 72 |
| rua Dom Afonso V, 3 | Active | €550,000 | €2,466 | 7.2% | 75 | 73 |
| Median comp | €505,000 | €2,643 | 0.5% | 78 | 73 |
Long-term rental This property is overpriced at €550,000 despite the fair value of €413,993, which presents a 24.7% gap. A gross yield of 0% indicates that it may not generate positive cash flow in a long-term rental scenario. Short-term vacation rental The listing price of €550,000 exceeds the fair value and presents an unmet investment potential for short-term vacation rentals in the Algarve's tourist area. With an 83/100 condition rating, the property could attract guests, but the current pricing undermines potential profitability. Buy-and-hold The 2-bed duplex in Portimão is priced at €550,000, significantly above the fair value of €413,993, indicating its status as overpriced. While the location within a tourist-dominated area may seem appealing for a buy-and-hold strategy, the lack of immediate rental yield and high price diminishes its long-term attractiveness. Not ideal for Student housing and industrial development are not suitable strategies for this property, given its current overpriced status and location dynamics.
Economic Volatility Risk The economic stability score of 65/100 indicates a moderate risk of fluctuations in the local economy, which could impact tenant retention and overall property value.
