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 75 m², built in 1985, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This condominium offers three elevators and on-site doorman service, enhancing convenience and security for residents living just five minutes from the beach.
The valuation. The asking price of €320,000 is significantly above the fair value of €132,651, representing an overpricing of €187,349 (58.5%). This valuation suggests a disconnect between market perception and actual worth.
Fair value modelled at €132,651 from the area baseline, adjusted for condition and location. Asking €320,000 sits €187,349 (58.5%) above — overpriced versus fair value.
Asking €320,000 versus the Portimão, Portimão, Faro area baseline of €242,850 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 72 · Materials 66 · Room dimensions 67). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 78/100 (Housing Market 90 · Amenities 80 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €242,850 + condition -€10,547 + location +€14,423 = modelled fair value of €132,651 (€1,769/m²), a €187,349 (58.5%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · ba3d7e | Subject | €320,000 | €4,267 | — | 72 | 78 |
| Portimão · 4a7fe2 | Active | €240,000 | €3,810 | 10.7% | 65 | 76 |
| Portimão · 49b7ed | Active | €310,000 | €4,493 | 5.3% | 80 | 68 |
| rua da Raminha, 14 | Active | €345,000 | €3,833 | 10.2% | 65 | 71 |
| rua Trabucho Alexandre, 16 | Active | €240,000 | €3,288 | 22.9% | 72 | 70 |
| Median comp | €275,000 | €3,822 | 10.4% | 69 | 71 |
Long-term rental Given the current listing price of €320,000, the gross yield of 4.1% is inadequate compared to the fair value of €132,651, indicating that this property is overpriced. Even with a solid neighbourhood rating of 78/100, the price gap makes it a less attractive option for long-term rental investments. Short-term vacation rental While its coastal location in Algarve suggests potential for tourism-driven short-term rentals, the €320,000 asking price significantly exceeds the fair value of €132,651. Consequently, the anticipated rental income may not justify the investment, rendering this property overpriced for vacation rental purposes. Buy-and-hold In light of the property being listed at €320,000, far above its fair value of €132,651, its long-term appreciation potential is questionable. The cost premium currently attached to this apartment positions it as overpriced for a buy-and-hold strategy, overshadowing the potential benefits of future value increases. Not ideal for Student housing and the luxury market are unsuitable due to the property’s listing price of €320,000, which is clearly above the fair value of €132,651. This significant price gap further excludes these sectors, making the investment less appealing.
Economic Vulnerability The economic stability score of 65/100 indicates potential fluctuations in local economic conditions that could affect property values and rental income.
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