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 75 m², energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a bright enclosed balcony with an integrated laundry area, enhancing both convenience and organization in daily living.
The valuation. The asking price of €290,000 is significantly above the fair value of €137,178, representing an overpriced position of €152,822, or 52.7%. This raises concerns regarding potential return on investment.
Fair value modelled at €137,178 from the area baseline, adjusted for condition and location. Asking €290,000 sits €152,822 (52.7%) above — overpriced versus fair value.
Asking €290,000 versus the Portimão, Portimão, Faro area baseline of €241,950 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 70 · Materials 75 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €241,950 + condition -€2,930 + location +€11,332 = modelled fair value of €137,178 (€1,829/m²), a €152,822 (52.7%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 6eb9ec | Subject | €290,000 | €3,867 | — | 70 | 72 |
| avenida São João de Deus | Active | €249,000 | €3,662 | 5.3% | 80 | 73 |
| rua da Raminha, 14 | Active | €345,000 | €3,833 | 0.9% | 65 | 71 |
| Portimão · 956ee1 | Active | €222,000 | €2,921 | 24.5% | 68 | 73 |
| Portimão · ba39cf | Active | €280,000 | €3,944 | 2.0% | 70 | 69 |
| Median comp | €264,500 | €3,748 | 3.1% | 69 | 72 |
Short-term vacation rental The property is overpriced at €290,000, significantly above its fair value of €137,178, resulting in a 52.7% discrepancy. With a gross yield of only 3.8%, it's unlikely to generate favorable returns in the competitive short-term rental market of Portimão. Value-add renovation Investing in a value-add renovation strategy for this overpriced apartment may not yield sufficient equity gains, given its current valuation is 52.7% above fair value. The moderate condition score of 73/100 suggests renovation is necessary, but the initial high investment may prevent achieving a profitable exit. Long-term rental A long-term rental strategy is hindered by the property being overpriced at €290,000, as this valuation limits cash flow potential with a 3.8% gross yield. Additionally, while the location benefits from tourism, the high price reduces its attractiveness to long-term tenants looking for value. Not ideal for The property is not suitable for student housing or the luxury market, given its significant overvaluation and limited yield. Furthermore, a buy-and-hold strategy is impractical as the elevated pricing restricts potential profitability.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk that potential downturns may impact rental income or property value. Tenant Turnover Risk A tenant stability score of 70/100 suggests the possibility of higher turnover rates, which could lead to increased vacancy and associated costs.
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