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 102 m², built in 2007. Located on avenida Miguel Bombarda, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a closed balcony offering additional living space and is ideally situated just steps away from the vibrant Portimão Marina and local amenities.
The valuation. The asking price of €370,000 is significantly above the fair value of €186,658, making the property overpriced by €183,342 (49.6%). This discrepancy raises concerns about the investment's potential return. Buy-to-flip angle. A buy-to-flip strategy would necessitate a thorough renovation to attract buyers, aiming for a resale at a higher valuation in a competitive market. Short-term improvements could enhance market appeal and justify a higher asking price. Buy-to-let angle. The estimated rental income of €1,110 per month would yield a gross yield of 3.6%, making it less attractive for long-term rental as the income may not cover initial investments. The seasonal demand in the area could, however, be leveraged for short-term vacation rentals.
Fair value modelled at €186,658 from the area baseline, adjusted for condition and location. Asking €370,000 sits €183,342 (49.6%) above — overpriced versus fair value.
Asking €370,000 versus the avenida Miguel Bombarda area baseline of €330,276 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 70 · Materials 78 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida Miguel Bombarda
Area baseline €330,276 + condition -€3,188 + location +€14,711 = modelled fair value of €186,658 (€1,830/m²), a €183,342 (49.6%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Miguel Bombarda | Subject | €370,000 | €3,627 | — | 70 | 71 |
| Alvor · ba590d | Active | €265,000 | €2,760 | 23.9% | 70 | 74 |
| rua António Feu | Active | €355,000 | €5,145 | 41.8% | 75 | 73 |
| rua António Feu | Active | €355,000 | €5,145 | 41.8% | — | 67 |
| praceta Mar de Timor | Active | €335,000 | €3,018 | 16.8% | 68 | 71 |
| Median comp | €345,000 | €4,082 | 12.5% | 70 | 72 |
Short-term vacation rental The property is overpriced by 49.6% compared to its fair value of €186,658, which diminishes its attractiveness for a short-term vacation rental strategy. While the area sees robust seasonal demand, the high purchase price significantly limits potential returns. Family rental At €370,000, this 2-bed apartment is overpriced, and the yield of 3.6% does not compensate for the elevated buying cost. Furthermore, the property’s condition rating of 73/100 suggests that additional investment may be necessary to attract quality tenants, further impacting profitability. Long-term rental The current listing price reflects a 49.6% gap from the fair value, categorizing it as overpriced and affecting the appeal for long-term rental investments. With a neighborhood rating of 71/100, the property may attract tenants, but the high initial cost risks yielding returns below market expectations.
Economic Vulnerability With an economic stability score of 65/100, there is a risk of economic fluctuations that could affect rental income and property value.
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