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, 2-bathroom apartment of 168 m², built in 1996, energy rating C. Located on rua Poeta João Brás, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The property is equipped with a heat recovery system in the living room, enhancing energy efficiency while providing a cozy atmosphere in colder months.
The valuation. The asking price of €476,500 is significantly above the fair value of €318,931, resulting in an overpricing of €157,569 or 33.1% higher than true worth. This property does not represent a financially sound investment based on current market valuations.
Fair value modelled at €318,931 from the area baseline, adjusted for condition and location. Asking €476,500 sits €157,569 (33.1%) above — overpriced versus fair value.
Asking €476,500 versus the rua Poeta João Brás area baseline of €541,968 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 72 · Materials 79 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Poeta João Brás
Area baseline €541,968 + condition +€3,938 + location +€26,538 = modelled fair value of €318,931 (€1,898/m²), a €157,569 (33.1%) gap versus the €476,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Poeta João Brás | Subject | €476,500 | €2,836 | — | 72 | 73 |
| Alvor · cfe295 | Active | €578,000 | €3,211 | 13.2% | 73 | 74 |
| Portimão · 1e6477 | Active | €295,000 | €3,105 | 9.5% | 65 | 70 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 137.3% | 75 | 74 |
| praceta dos Cooperantes, 18 | Active | €310,000 | €2,925 | 3.1% | 80 | 73 |
| Median comp | €444,000 | €3,158 | 11.3% | 74 | 74 |
Short-term vacation rental The property is overpriced at €476,500, significantly higher than its fair value of €318,931, indicating a gap of 33.1%. With a gross yield of only 3.2%, the rental income potential does not justify the current asking price in a competitive tourism market. Buy-and-hold Investing in this property as a buy-and-hold strategy is unappealing, given its overpriced status and valuation gap. The location's popularity among tourists might boost future appreciation, but at the current price point, potential returns are hampered by the 3.2% yield. Family rental As a family rental option, this property is overpriced, reducing its attractiveness in a housing market where affordability is key for families. The neighborhood's decent condition and amenities do not compensate for the high purchase price relative to its fair value. Not ideal for: Student housing, Industrial investment.
Potential Vacancy Risk There is a moderate risk of increased vacancy due to the economic stability score of 65/100, indicating potential fluctuations in demand that may lead to challenges in retaining tenants.
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