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 134 m², built in 1996, energy rating B. Located Portimão parish, Portimão municipality, Faro district. The apartment features an authentic gallery-like corridor adorned with polished white marble flooring and Venetian stucco finishes, enhancing its luxurious and sophisticated ambiance.
The valuation. The asking price of €785,000 is significantly above the fair value of €281,273, creating a disparity of €503,727 (64.2%). Verdict: overpriced. Buy-to-flip angle. The property may not be suitable for a buy-to-flip strategy given its high asking price, which exceeds market value by a substantial margin. Buy-to-let angle. With an estimated gross yield of 1.7%, rental income would approximate €1,112 per month, but the investment's high entry cost may deter long-term rental potential.
Fair value modelled at €260,501 from the area baseline, adjusted for condition and location. Asking €785,000 sits €524,499 (66.8%) above — overpriced versus fair value.
Asking €785,000 versus the Portimão, Portimão, Faro area baseline of €230,078 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 75 · Materials 85 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx. Full condition report →
Neighbourhood score 71/100 (Housing Market 78 · Amenities 70 · Economic 65 · Tenant Quality 72). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
Portimão, Portimão, Faro
Area baseline €230,078 + condition +€11,097 + location +€19,327 = modelled fair value of €260,501 (€1,944/m²), a €524,499 (66.8%) gap versus the €785,000 asking price.
Short-term vacation rental Given its location in the Algarve, a popular tourist destination, this property appears overpriced, making it a less attractive option for short-term vacation rental investments. The 1.7% gross yield suggests that the income potential does not justify the significant gap from its fair value. Long-term rental With a fair value of €281,273 compared to its listing price of €785,000, this property is overpriced for a long-term rental strategy. The current yield of only 1.7% indicates that it may not generate sufficient rental income relative to the initial investment. Buy-and-hold As a buy-and-hold investment, this property is overpriced and does not represent an optimal entry point into the Portimão market. The significant gap from fair value combined with the modest yield of 1.7% signals potential challenges in achieving satisfactory returns over time.
Economic Vulnerability With an economic stability score of 65/100, the market may experience fluctuations that could impact rental income and property values negatively.
