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 69 m², built in 1983, energy rating C. Located on rua António Feu, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts direct access to the beach, along with a spacious terrace perfect for outdoor entertaining and enjoying panoramic coastal views.
The valuation. The asking price of €355,000 is significantly above the fair value of €56,208, indicating an overpriced property by €298,792 (84.2%). This valuation does not align with realistic investment expectations. Buy-to-flip angle. Given the low condition score of 0/100, a buy-to-flip strategy would require extensive renovations to enhance market appeal, but the current asking price complicates potential short-term resale profitability. Buy-to-let angle. With an estimated gross yield of 3.5% (~€1,035/month), the rental income strategy could attract short-term vacationers, assuming successful positioning in Portimão's tourist-centric market, albeit impacted by the high upfront cost.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Feu | Subject | €355,000 | €5,145 | — | — | 67 |
| rua António Feu | Active | €355,000 | €5,145 | 0% | 75 | 73 |
| avenida Miguel Bombarda | Active | €370,000 | €3,627 | 29.5% | 70 | 71 |
| praceta Mar de Timor | Active | €335,000 | €3,018 | 41.3% | 68 | 71 |
| rua Frei Manuel Sepúlcro | Active | €300,000 | €14,286 | 177.7% | 75 | 71 |
| Median comp | €345,000 | €4,386 | 14.8% | 73 | 71 |
Short-term vacation rental The current listing price for this 2-bed apartment is significantly above its fair value, presenting challenges for achieving competitive rental returns in the short-term vacation market. With a gross yield of only 3.5% and a condition score of 0/100, investors should reconsider the viability of this property for vacation rentals. Buy-and-hold Investing in a buy-and-hold strategy for this Portimão apartment appears unwise given its 84.2% gap above fair value, which diminishes any potential for appreciation. The neighborhood score of 67/100 does not justify the excessive acquisition cost and limits long-term value realization. Value-add renovation Although the concept of value-add renovation often presents opportunities, this particular property is overpriced by a significant margin, making it harder to recoup renovation investments. The current condition rating of 0/100 may highlight the need for improvements, but the entry price severely limits upside potential after renovations are factored in.
Economic Vulnerability The economic stability score of 55/100 indicates potential susceptibility to market fluctuations that could impact rental income.
