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 88 m². Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features a private balcony with potential views of the surrounding area, adding outdoor space to the residential setting.
The valuation. The asking price of €235,000 is significantly above the fair value of €127,184, representing an overvaluation of €107,816 (45.9%). This property fails to meet basic investment criteria due to its price steeped in unrealistic expectations.
Fair value modelled at €127,184 from the area baseline, adjusted for condition and location. Asking €235,000 sits €107,816 (45.9%) above — overpriced versus fair value.
Asking €235,000 versus the Portimão, Portimão, Faro area baseline of €283,888 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 48/100 (Condition 45 · Materials 50 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 78 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €283,888 + condition -€37,813 + location +€13,901 = modelled fair value of €127,184 (€1,445/m²), a €107,816 (45.9%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 4d466f | Subject | €235,000 | €2,670 | — | 45 | 73 |
| avenida das Comunidades Lusíadas | Active | €215,000 | €5,119 | 91.7% | 48 | 73 |
| Portimão · 4a7fe2 | Active | €240,000 | €3,810 | 42.7% | 65 | 76 |
| Portimão · 25f659 | Active | €290,000 | €3,625 | 35.7% | 55 | 72 |
| avenida Tomás Cabreira | Active | €369,000 | €4,100 | 53.5% | 55 | 75 |
| Median comp | €265,000 | €3,955 | 48.1% | 55 | 74 |
Short-term vacation rental The property is overpriced with a listing price of €235,000 and a fair value of only €127,184, indicating a significant gap of 45.9%. With a gross yield of 4.8%, the investment may struggle to cover costs in a heavily tourism-influenced area, making it a less attractive option. Family rental The high listing price of €235,000 against a fair value of €127,184 suggests the property is overpriced, leading to a 45.9% discrepancy. Given the moderate condition score of 48/100, families may find better value in comparable properties, hindering potential demand. Buy-and-hold With the current valuation of €235,000 overshadowing the fair value of €127,184, the property is clearly overpriced by 45.9%. While the neighborhood scores well in tenant quality, the high purchase price makes a long-term hold strategy less appealing as rental yields are diminished due to elevated costs.
Potential Tenant Turnover The moderate tenant stability score of 70/100 indicates a risk of potential turnover, which could lead to increased vacancy rates and associated costs.
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