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 111 m², built in 2004, energy rating C. Located on praceta Mar de Timor, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a dedicated storage room and a laundry area, enhancing functionality and convenience for residents in a prime location close to the beach.
The valuation. The asking price of €335,000 sits significantly above the fair value of €199,138, representing an excessive premium of €135,862 (40.6%). This property is considered overpriced based on current market metrics.
Fair value modelled at €199,138 from the area baseline, adjusted for condition and location. Asking €335,000 sits €135,862 (40.6%) above — overpriced versus fair value.
Asking €335,000 versus the praceta Mar de Timor area baseline of €359,418 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 68 · Materials 75 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
praceta Mar de Timor
Area baseline €359,418 + condition -€7,458 + location +€16,009 = modelled fair value of €199,138 (€1,794/m²), a €135,862 (40.6%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Mar de Timor | Subject | €335,000 | €3,018 | — | 68 | 71 |
| rua Vale de Lagar, 21 | Active | €274,800 | €2,893 | 4.2% | 70 | 62 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 123.0% | 75 | 74 |
| avenida Miguel Bombarda | Active | €370,000 | €3,627 | 20.2% | 70 | 71 |
| rua de São Pedro | Active | €395,000 | €2,394 | 20.7% | 75 | 73 |
| Median comp | €382,500 | €3,260 | 8.0% | 73 | 72 |
Short-term vacation rental The property at €335,000 significantly exceeds the fair value of €199,138, indicating a 40.6% gap, making it less attractive for short-term vacation rentals in a competitive Algarve market. Coupled with a gross yield of only 4.5%, this investment does not offer optimal returns against the backdrop of the region's tourism-driven demand. Buy-and-hold With an overpriced listing of €335,000 compared to the fair value of €199,138, the investment does not align with long-term buy-and-hold strategies, as the market conditions suggest limited appreciation potential. A gross yield of 4.5% further underlines the investment's lack of income reliability in the current pricing environment. Value-add renovation While there is potential for value-add through renovations given the property’s condition rating of 71/100, the asking price of €335,000 remains profoundly inflated compared to the fair value of €199,138. Without a substantial price correction, any renovation efforts may not yield appreciable returns, especially with a relatively low gross yield of 4.5%.
Moderate Economic Risk The economic stability score of 65/100 indicates a moderate risk of economic downturn which could affect rental income and property value.
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