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 108 m², built in 1993, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a 17m² balcony offering unobstructed river views and additional west-facing balcony, enhancing outdoor living in a vibrant urban setting.
The valuation. The asking price of €370,000 is significantly above the fair value of €190,817, marking an overpricing of €179,183 (48.4%). This discrepancy highlights the property’s inflated market positioning.
Fair value modelled at €190,817 from the area baseline, adjusted for condition and location. Asking €370,000 sits €179,183 (48.4%) above — overpriced versus fair value.
Asking €370,000 versus the Portimão, Portimão, Faro area baseline of €185,436 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 70 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 80 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €185,436 + condition -€13,162 + location +€18,544 = modelled fair value of €190,817 (€1,767/m²), a €179,183 (48.4%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · cfdd0f | Subject | €370,000 | €3,426 | — | 70 | 75 |
| Portimão · ba5a38 | Active | €310,000 | €3,827 | 11.7% | 74 | 73 |
| avenida São João de Deus | Active | €265,000 | €2,978 | 13.1% | 65 | 75 |
| urbanização do Fojo | Active | €320,000 | €2,909 | 15.1% | 68 | 76 |
| rua Fernão Magalhães | Active | €405,000 | €3,022 | 11.8% | 68 | 69 |
| Median comp | €315,000 | €3,000 | 12.4% | 68 | 74 |
Short-term vacation rental Despite Portimão's status as a popular tourist area, the apartment's current price of €370,000 significantly exceeds its fair value of €190,817, indicating a 48.4% gap. With a gross yield of only 3.9%, the potential return on investment in the vacation rental market appears limited given the high entry cost. Buy-and-hold Investing in this property for long-term appreciation feels risky, as the listing price of €370,000 is substantially above the fair value of €190,817. Given the 3.9% gross yield and the potential for price correction, buyers may find that holding this asset does not align with ideal investment strategies. Family rental While the apartment is in a decent neighborhood with a rating of 75/100, its price of €370,000 is disproportionately high compared to the fair value of €190,817, suggesting it is overpriced. This could limit profitability in the family rental market, especially with a gross yield of just 3.9% amid rising housing demand.
Economic Sensitivity Risk The property may face downward pressure on rental income due to the combined economic and tenant stability scores of 70, indicating potential vulnerability to market fluctuations.
