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 63 m², built in 1972. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment's first-floor location ensures easy access without the need for an elevator, and its lack of condominium fees enhances its affordability for homeowners or investors.
The valuation. The asking price of €240,000 is significantly above fair value, which is estimated at €107,411, representing a premium of €132,589 (55.2%). This property is deemed overpriced.
Fair value modelled at €107,411 from the area baseline, adjusted for condition and location. Asking €240,000 sits €132,589 (55.2%) above — overpriced versus fair value.
Asking €240,000 versus the Portimão, Portimão, Faro area baseline of €108,171 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 75 · Economic 70 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €108,171 + condition -€12,009 + location +€11,250 = modelled fair value of €107,411 (€1,705/m²), a €132,589 (55.2%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 4a7fe2 | Subject | €240,000 | €3,810 | — | 65 | 76 |
| rua Trabucho Alexandre, 16 | Active | €240,000 | €3,288 | 13.7% | 72 | 70 |
| rua das Oliveiras, 49A | Active | €218,000 | €3,633 | 4.6% | 70 | 62 |
| Portimão · 956ee1 | Active | €222,000 | €2,921 | 23.3% | 68 | 73 |
| Portimão · ba3d7e | Active | €320,000 | €4,267 | 12.0% | 72 | 78 |
| Median comp | €231,000 | €3,461 | 9.2% | 71 | 72 |
Short-term vacation rental The property’s listing price of €240,000 significantly exceeds its fair value of €107,411, indicating it is overpriced and may hinder profitability in a competitive short-term rental market. While the area’s popularity for tourism can attract guests, the high acquisition cost limits potential yield from vacation rentals, currently sitting at 4.3% gross. Long-term rental At a listing price of €240,000, this property faces a substantial valuation gap, being overpriced by 55.2% compared to its fair value of €107,411, which could deter long-term tenants from pursuing the unit. Furthermore, with a gross yield of only 4.3%, the returns do not align with the expectations for a sustainable long-term rental investment in this region. Buy-and-hold Given its current market listing of €240,000—much higher than the fair value of €107,411—the property is overpriced, which could stifle appreciation potential and long-term gains. Even with a decent neighbourhood score of 76/100, the elevated purchase price limits the attractiveness of a buy-and-hold strategy in the long run.
Economic Vulnerability With an economic stability score of 70/100, there is a moderate risk that economic downturns could negatively impact rental income and property values.
