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.
4-bedroom, 3-bathroom apartment of 179 m², built in 2023, energy rating A. Located on beco do Fojo, Portimão parish, Portimão municipality, Faro district. This apartment features a large private terrace equipped with a built-in barbecue, perfect for outdoor entertaining with stunning views over the city and mountains.
The valuation. The asking price of €570,000 is significantly above the fair value of €355,535, making it overpriced by €214,465 (37.6%). This discrepancy suggests a need for reassessment before considering any investment. Buy-to-flip angle. The strategy for resale in this scenario would involve renovation and a targeted marketing approach to attract buyers, leveraging the apartment's high-quality finishes. However, given the high asking price, achieving a profitable flip may prove challenging. Buy-to-let angle. The gross yield is currently 0%, indicating that it is not generating rental income, which is essential for a buy-and-hold strategy. The location’s appeal to tourists might support a short-term vacation rental approach if reevaluated at a lower investment level.
Fair value modelled at €355,535 from the area baseline, adjusted for condition and location. Asking €570,000 sits €214,465 (37.6%) above — overpriced versus fair value.
Asking €570,000 versus the beco do Fojo area baseline of €577,454 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 (Condition 80 · Materials 89 · Room dimensions 85). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
beco do Fojo
Area baseline €577,454 + condition +€22,375 + location +€25,817 = modelled fair value of €355,535 (€1,986/m²), a €214,465 (37.6%) gap versus the €570,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco do Fojo | Subject | €570,000 | €3,184 | — | 80 | 71 |
| Portimão · 82c82c | Active | €540,000 | €3,273 | 2.8% | 73 | 73 |
| Portimão · 6d51c7 | Active | €550,000 | €2,973 | 6.6% | 78 | 80 |
| Portimão · 96c64b | Active | €785,000 | €5,858 | 84.0% | 75 | 71 |
| Portimão · 4a81a4 | Active | €425,000 | €3,728 | 17.1% | 75 | 70 |
| Median comp | €545,000 | €3,501 | 9.9% | 75 | 72 |
Short-term vacation rental The property appears overpriced at €570,000, given its fair value of €355,535, resulting in a significant premium of 37.6%. Furthermore, a gross yield of 0% indicates that short-term rental income is unlikely to justify this price in a competitive tourism market. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable due to its overpricing, with a notable gap of 37.6% compared to the fair market value. The property’s zero yield and reliance on potential appreciation in a saturated market present considerable risks for long-term investor returns. Family rental As a family rental, this property is significantly overpriced, with a fair value of only €355,535 against the asking price of €570,000. Given the neighborhood’s amenities rating of 71/100 and the overall lack of yield, it may struggle to attract sustainable family tenants at this premium price.
Economic Dependency Risk The economic stability score of 65/100 indicates potential vulnerabilities in local economic conditions that could affect rental income reliability.
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