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 80 m², built in 1998, energy rating D. Located on praceta José Cardoso Pires, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts access to extensive on-site amenities, including heated indoor and outdoor pools, a tennis court, and a restaurant, elevating the living experience in Oasis Parque.
The valuation. The asking price of €370,000 is significantly above the fair value of €159,122, representing a markup of €210,878 (57.0%). This verdict indicates that the property is overpriced. Buy-to-flip angle. With the objective of a resale strategy, investors may consider renovations to enhance property appeal, potentially fetching a higher sale price in a competitive market. Buy-to-let angle. Given the gross yield of 3.5% at an estimated monthly rent of €1,079, the apartment could serve as a long-term rental investment in the tourist-driven Algarve economy.
Fair value modelled at €159,122 from the area baseline, adjusted for condition and location. Asking €370,000 sits €210,878 (57.0%) above — overpriced versus fair value.
Asking €370,000 versus the praceta José Cardoso Pires area baseline of €258,080 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 85 · Materials 80 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
praceta José Cardoso Pires
Area baseline €258,080 + condition +€9,125 + location +€12,637 = modelled fair value of €159,122 (€1,989/m²), a €210,878 (57.0%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta José Cardoso Pires | Subject | €370,000 | €4,625 | — | 85 | 73 |
| avenida São João de Deus | Active | €249,000 | €3,662 | 20.8% | 80 | 73 |
| rua de São Tomé e Príncipe | Active | €217,500 | €5,438 | 17.6% | 80 | 70 |
| Portimão · 03255d | Active | €290,000 | €3,867 | 16.4% | 72 | 73 |
| Portimão · 49b8f0 | Active | €255,000 | €4,722 | 2.1% | 75 | 81 |
| Median comp | €252,000 | €4,295 | 7.1% | 78 | 73 |
Long-term rental This property is overpriced compared to its fair value, indicating potential challenges in generating substantial rental income. With a gross yield of only 3.5%, it may not sufficiently cover ongoing costs and capital appreciation expectations in a market that could be under pressure. Short-term vacation rental Given the current pricing, the investment in short-term vacation rental could face stiffer competition and decreased profitability due to high initial costs. The market's tourist-driven economy does support short-term rentals; however, the significant gap from fair value raises concerns about yield expectations and occupancy rates. Buy-and-hold Acquiring this property for a buy-and-hold strategy appears unfavorable, as it is currently priced 57% above fair market value, leading to doubt over future appreciation. The relatively stable neighborhood dynamics may help, but they are unlikely to bridge the demand gap created by its premium pricing.
Economic Volatility The economic stability score of 65/100 indicates a moderate risk of fluctuations that could impact rental income and property value negatively.
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