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, 3-bathroom apartment of 125 m², energy rating B. Located Portimão parish, Portimão municipality, Faro district. This apartment features a dedicated parking space and access to a communal pool, enhancing both convenience and leisure options within the Alto Alfarrobal Urbanization.
The valuation. The asking price of €435,000 is significantly above the fair value of €233,239, indicating an overpriced property by €201,761 (46.4%). This discrepancy suggests that investors should exercise caution before proceeding with any purchase. Buy-to-flip angle. Given the high asking price, a buy-to-flip strategy may not be viable unless the market improves significantly, as resale value is likely limited. A thorough analysis of renovation costs versus potential sale price would be essential. Buy-to-let angle. With an estimated gross yield of 3.4% at approximately €1,233/month, this property can serve as a buy-and-hold investment for steady rental income. However, the strong demand for holiday rentals in Algarve may promise better returns through a short-term vacation rental strategy.
Fair value modelled at €233,239 from the area baseline, adjusted for condition and location. Asking €435,000 sits €201,761 (46.4%) above — overpriced versus fair value.
Asking €435,000 versus the Portimão, Portimão, Faro area baseline of €403,250 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 72 · Materials 78 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 80 · Amenities 75 · Economic 55 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €403,250 + condition +€586 + location +€18,029 = modelled fair value of €233,239 (€1,866/m²), a €201,761 (46.4%) gap versus the €435,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 23f2cf | Subject | €435,000 | €3,480 | — | 72 | 71 |
| Portimão · 82c82c | Active | €540,000 | €3,273 | 6.0% | 73 | 73 |
| Portimão · 4a81a4 | Active | €425,000 | €3,728 | 7.1% | 75 | 70 |
| Portimão · 090095 | Active | €495,000 | €3,536 | 1.6% | 75 | 75 |
| Portimão · 4d4699 | Active | €400,000 | €3,774 | 8.4% | — | 66 |
| Median comp | €460,000 | €3,632 | 4.4% | 75 | 72 |
Short-term vacation rental Despite the strong demand for holiday rentals in the Algarve, this property is overpriced at €435,000, which is 46.4% above its fair value of €233,239. The gross yield of 3.4% fails to justify the high purchase price, indicating limited potential for attractive returns in the short-term rental market. Buy-and-hold Investing in this property as a buy-and-hold strategy is ill-advised due to its significant price gap over fair value, resulting in a less appealing investment profile. The ongoing performance and potential for appreciation do not align with the high initial cost, making it a risky long-term holding. Family rental Even though there is a reasonable tenant quality in the area, this property remains overpriced, limiting its attractiveness for family rental purposes. With a fair value of only €233,239, the current listing price raises concerns about cash flow and market sustainability for familial tenants.
Economic vulnerabilities The economic stability score of 55/100 indicates potential fluctuations in market conditions, which could negatively impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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