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 95 m², built in 2002, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The main terrace offers unobstructed sunset views due to its west orientation, while a pantry in the hallway provides convenient additional storage space.
The valuation. The asking price of €350,000 is significantly above the fair value of €185,571, creating an excess of €164,429 (47.0%). This property is considered overpriced.
Fair value modelled at €185,571 from the area baseline, adjusted for condition and location. Asking €350,000 sits €164,429 (47.0%) above — overpriced versus fair value.
Asking €350,000 versus the Portimão, Portimão, Faro area baseline of €163,115 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 80 · Economic 75 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €163,115 + condition +€5,492 + location +€16,964 = modelled fair value of €185,571 (€1,953/m²), a €164,429 (47.0%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · dee648 | Subject | €350,000 | €3,684 | — | 75 | 76 |
| rua da Raminha, 25 | Active | €308,000 | €3,385 | 8.1% | 75 | 74 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 82.7% | 75 | 74 |
| avenida Tomás Cabreira | Active | €630,000 | €6,632 | 80.0% | 74 | 74 |
| urbanização Cerca do Moinho | Active | €475,000 | €2,896 | 21.4% | 73 | 64 |
| Median comp | €537,000 | €5,009 | 35.9% | 75 | 74 |
Short-term vacation rental This property, with a gross yield of only 3.7%, is priced significantly above its fair value of €185,571, making it challenging to generate any meaningful rental income. The neighbourhood’s moderate rating of 76/100 indicates that while it has tourist appeal, the investment is still overpriced given the local competition in short-term rentals. Long-term rental At €350,000, this property sits 47% above its fair value, which presents a considerable barrier for first-time long-term rental investors. The combination of a decent condition rating of 79/100 and an above-average gross yield further emphasizes that the investment does not align favorably with its current pricing. Buy-and-hold Investing in this 2-bed apartment at such a high price point of €350,000 can be risky, especially with a fair value of only €185,571. The property’s overall metrics suggest it is overpriced, potentially leading to losses rather than gains over a holding period. Not ideal for This property is not suitable for student housing, industrial usage, or rural farming due to its tourist-oriented location and high price point. Investors should consider alternative strategies better aligned with the apartment's characteristics and market conditions.
Economic downturn risk A high economic stability score of 75 suggests moderate resilience, but with a tenant stability score of 70, potential fluctuations in tenant retention could lead to reduced rental income during economic downturns.
