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 76 m², built in 1980, energy rating D. Located Portimão parish, Portimão municipality, Faro district. This apartment features multiple balconies that enhance natural ventilation and light, along with a practical pantry that maximizes storage, making it ideal for everyday living.
The valuation. The asking price of €222,000 is significantly above fair value, which is estimated at €132,047, representing a difference of €89,953 or 40.5%. This property is overpriced. Buy-to-flip angle. The buy-to-flip strategy would involve renovating the apartment to address its aesthetic issues and improve the overall quality, after which it could be resold at a much higher price. Buy-to-let angle. Given a gross yield of 5.1% with an estimated rental income of €944 per month, this property could attract long-term tenants, capitalizing on the demand for housing in the Algarve area.
Fair value modelled at €132,047 from the area baseline, adjusted for condition and location. Asking €222,000 sits €89,953 (40.5%) above — overpriced versus fair value.
Asking €222,000 versus the Portimão, Portimão, Faro area baseline of €245,176 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 68 · Materials 60 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €245,176 + condition -€10,450 + location +€12,005 = modelled fair value of €132,047 (€1,737/m²), a €89,953 (40.5%) gap versus the €222,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 956ee1 | Subject | €222,000 | €2,921 | — | 68 | 73 |
| rua da Raminha, 14 | Active | €345,000 | €3,833 | 31.2% | 65 | 71 |
| Portimão · ba3dc6 | Active | €225,000 | €2,848 | 2.5% | 55 | 74 |
| Portimão · 4a7fe2 | Active | €240,000 | €3,810 | 30.4% | 65 | 76 |
| Portimão · 03255d | Active | €290,000 | €3,867 | 32.4% | 72 | 73 |
| Median comp | €265,000 | €3,822 | 30.8% | 65 | 74 |
Short-term vacation rental Despite its location in the tourist-friendly Algarve, the property is listed at €222,000, which is significantly above its fair value of €132,047, making it a less attractive option for short-term vacation rentals. With a gross yield of 5.1%, the potential for profitable rental income is constrained by its overpriced listing and condition rating of only 66/100. Buy-and-hold Investing in this property as a buy-and-hold strategy is not recommended due to its current pricing of €222,000, which represents a 40.5% gap above fair value. The decent yield of 5.1% may not sufficiently compensate for the risk of holding an overpriced asset in a rapidly fluctuating market. Family rental The apartment may seem appealing for family rentals given its location in Portimão and a neighborhood score of 73/100; however, its listing price of €222,000 exceeds the fair value significantly. Consequently, the financials indicate that this property is overpriced and may not provide a sustainable investment for families seeking long-term housing options.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturns that could affect rental income and property value.
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