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, 2-bathroom apartment of 104 m², built in 2003. Located Portimão parish, Portimão municipality, Faro district. This apartment includes two dedicated parking spaces and a private storage room, enhancing convenience and storage options in a prime waterfront location.
The valuation. The asking price of €500,000 is significantly above the fair value of €188,436, presenting a €311,564 premium (62.3%). This property is notably overpriced, warranting careful consideration before investment decisions.
Fair value modelled at €188,436 from the area baseline, adjusted for condition and location. Asking €500,000 sits €311,564 (62.3%) above — overpriced versus fair value.
Asking €500,000 versus the Portimão, Portimão, Faro area baseline of €178,568 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 70 · Materials 75 · Room dimensions 78). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 67/100 (Housing Market 70 · Amenities 65 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €178,568 + condition -€2,275 + location +€12,143 = modelled fair value of €188,436 (€1,812/m²), a €311,564 (62.3%) gap versus the €500,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 956a24 | Subject | €500,000 | €4,808 | — | 70 | 67 |
| urbanização Cerca do Moinho | Active | €475,000 | €2,896 | 39.8% | 73 | 64 |
| Ferragudo · 25f85f | Active | €415,000 | €2,964 | 38.3% | 76 | 73 |
| rua Vale de Lagar, 21 | Active | €274,800 | €2,893 | 39.8% | 70 | 62 |
| Portimão · 4bc7e5 | Active | €450,000 | €3,462 | 28.0% | 75 | 72 |
| Median comp | €432,500 | €2,930 | 39.1% | 74 | 68 |
Short-term vacation rental This property is significantly overpriced at €500,000, with a fair value estimate of just €188,436, resulting in a gap of 62.3%. Given the gross yield of only 2.4%, it does not present a viable return for vacation rental purposes in a competitive tourism market. Buy-and-hold The long-term investment potential of this apartment is weakened by its current listing price, which exceeds fair market value by 62.3%, positioning it at €500,000 against a fair valuation of €188,436. An unappealing gross yield of 2.4% further indicates that it is not an ideal buy-and-hold opportunity. Family rental Although the property is located in a desirable tourist region, its valuation at €500,000 is excessively high compared to the assessed fair value of €188,436, creating a alarming gap of 62.3%. The low gross yield of 2.4% also suggests that the property would not deliver adequate returns in the family rental market. Not ideal for: Student housing, Luxury market This apartment's high price of €500,000 is not aligned with the market conditions for student housing or the luxury market, where affordability and value are critical. The significant gap to fair value at 62.3% indicates a mispricing that would deter both student tenants and high-end buyers.
Economic volatility risk A low economic stability score of 60/100 suggests potential fluctuations in the local economy that could jeopardize rental income.
