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 house of 93 m², built in 1937, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This property boasts an approved reconstruction project featuring a versatile 32 m² mezzanine, perfect for various uses, and a private outdoor swimming pool with BBQ area.
The valuation. The asking price of €195,000 significantly exceeds the fair value of €65,387, representing an overpricing of €129,613 or 66.5%. This makes the property challenging for buyers seeking value. Buy-to-flip angle. A resale strategy would require substantial renovations given the property's poor condition rating of 0/100, increasing costs before resale in a competitive market. Buy-to-let angle. Although the area has an estimated gross yield of 5.7% at €926 per month, the high acquisition cost poses risks for long-term rental. The strong tourism demand could partially mitigate this.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 9388df | Subject | €195,000 | €2,097 | — | — | 73 |
| Portimão · 937188 | Active | €400,000 | €2,667 | 27.2% | 37 | 70 |
| Portimão · 38ba61 | Active | €350,000 | €4,667 | 122.6% | — | 72 |
| Portimão · 6d54ac | Active | €485,000 | €3,050 | 45.5% | 55 | 70 |
| rua Projectada À Caldeira do Moinho | Active | €550,000 | €2,301 | 9.8% | — | 67 |
| Median comp | €442,500 | €2,859 | 36.3% | 46 | 70 |
Short-term vacation rental\nGiven the property’s location in Portimão, it may attract tourists; however, the high price relative to its fair value poses significant risks for potential profitability. The expected gross yield of 5.7% does not adequately compensate for the 66.5% gap from fair value, indicating an overpriced investment for vacation rental purposes.\n\nBuy-and-hold\nInvesting in this property as a buy-and-hold strategy is questionable due to its condition rating of 0/100 and significant disparity from fair value. The property appears overpriced at €195,000, making it an unlikely candidate for long-term appreciation in an already competitive Algarve market.\n\nLong-term rental\nWhile the neighbourhood scores a relatively good 73/100, the property’s asking price of €195,000 and condition raise concerns about its viability as a long-term rental investment. The 5.7% gross yield is not justifiable when considering the substantial gap from fair value, reinforcing the idea that this property is overpriced for long-term rental strategies.
Potential Economic Downturn The economic stability score of 65/100 indicates a moderate risk of economic downturn, which could impact tenant demand and rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
