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.
3-bedroom, 1-bathroom apartment of 75 m², energy rating D. Located on rua Marechal Gomes da Costa, 13, Portimão parish, Portimão municipality, Faro district. The apartment features a modern kitchen equipped with high-quality appliances and a serene balcony that provides a peaceful outdoor retreat just minutes from local amenities.
The valuation. The asking price of €249,500 is significantly above the fair value of €134,038, indicating an overvaluation of €115,462 (46.3%). This scenario suggests a limited potential for immediate financial gain. Buy-to-flip angle. A buy-to-flip strategy may prove challenging, given the property’s overpriced listing; margins for profit could diminish substantially after renovation costs and resale efforts. Buy-to-let angle. With an estimated gross yield of 5.2%, this apartment presents a viable buy-to-let opportunity, particularly as a short-term vacation rental due to its location in the tourist-oriented Algarve region.
Fair value modelled at €134,038 from the area baseline, adjusted for condition and location. Asking €249,500 sits €115,462 (46.3%) above — overpriced versus fair value.
Asking €249,500 versus the rua Marechal Gomes da Costa, 13 area baseline of €241,950 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 72 · Materials 75 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Marechal Gomes da Costa, 13
Area baseline €241,950 + condition -€5,039 + location +€10,302 = modelled fair value of €134,038 (€1,787/m²), a €115,462 (46.3%) gap versus the €249,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Marechal Gomes da Costa, 13 | Subject | €249,500 | €3,327 | — | 72 | 70 |
| rua Fernão Magalhães | Active | €405,000 | €3,022 | 9.1% | 68 | 69 |
| Portimão · 956ee1 | Active | €222,000 | €2,921 | 12.2% | 68 | 73 |
| rua das Oliveiras, 49A | Active | €218,000 | €3,633 | 9.2% | 70 | 62 |
| Portimão · 99f137 | Active | €290,000 | €3,295 | 0.9% | 71 | 73 |
| Median comp | €256,000 | €3,159 | 5.1% | 69 | 71 |
Short-term vacation rental Given its current listing of €249,500 against a fair value of €134,038, this property is overpriced by 46.3%. Despite the appeal of the Algarve region for tourists, the high price diminishes the viability of generating an attractive yield for short-term rentals. Buy-and-hold The cost of €249,500 for a property valued at €134,038 reflects an extreme gap of 46.3%, indicating that this investment is overpriced. The potential for capital appreciation is limited due to the inflated purchase price compared to actual value. Family rental While the property has decent condition and is located in a tourist-oriented neighborhood, the asking price of €249,500 greatly exceeds the fair value of €134,038, making it overpriced by 46.3%. Such a high price could lead to difficulties in securing long-term tenants at sustainable rent levels, affecting rental yield and cash flow.
Economic Vulnerability The economic stability score of 65 may indicate potential fluctuations in the local economy that could impact rental income and property value.
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