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 91 m², energy rating D. Located on rua Agosto Azul, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment enjoys modern interiors complemented by built-in wardrobes, alongside access to a shared swimming pool and exclusive garage space just steps from Praia da Rocha.
The valuation. The asking price of €405,000 is significantly above the fair value of €164,223, creating an overpriced scenario of €240,777 (59.5%). This discrepancy signals a need for careful consideration from potential investors. Buy-to-flip angle. A buy-to-flip strategy could involve renovations to modernize the apartment and enhance its appeal, with the goal of selling at a premium in the rising coastal market of Portimão. Buy-to-let angle. As a buy-to-let investment, the estimated gross yield of 3.7% translates to approximately €1,249 per month in rental income, positioning it as a viable option for short-term vacation rentals in the tourist-heavy Algarve region.
Fair value modelled at €164,223 from the area baseline, adjusted for condition and location. Asking €405,000 sits €240,777 (59.5%) above — overpriced versus fair value.
Asking €405,000 versus the rua Agosto Azul area baseline of €293,566 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 68 · Materials 75 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 78 · Amenities 80 · Economic 68 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Agosto Azul
Area baseline €293,566 + condition -€6,398 + location +€14,375 = modelled fair value of €164,223 (€1,805/m²), a €240,777 (59.5%) gap versus the €405,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Agosto Azul | Subject | €405,000 | €4,451 | — | 68 | 73 |
| avenida Tomás Cabreira | Active | €325,000 | €4,392 | 1.3% | 70 | 71 |
| Portimão · 6eb9ec | Active | €290,000 | €3,867 | 13.1% | 70 | 72 |
| Portimão · 03255d | Active | €290,000 | €3,867 | 13.1% | 72 | 73 |
| rua da Raminha, 14 | Active | €345,000 | €3,833 | 13.9% | 65 | 71 |
| Median comp | €307,500 | €3,867 | 13.1% | 70 | 72 |
Short-term vacation rental This apartment, priced at €405,000, exceeds its fair value of €164,223 by 59.5%, indicating significant overpricing that could impact its adaptability as a vacation rental. With a gross yield of only 3.7%, the financial incentive is diminished in a competitive market driven by seasonal tourism. Buy-and-hold Holding this property may not be prudent, given its considerable overpricing relative to the fair value of €164,223, creating a large gap of 59.5%. Investors should be cautious, as the anticipated appreciation may not compensate for the current inflated price. Family rental The property’s €405,000 listing price, which is 59.5% above its fair value, suggests it is overvalued as a long-term family rental investment. Coupled with a yield of just 3.7%, the financial returns may not align with family tenant expectations in a primarily tourist-driven economy.
Moderate economic and tenant risk With an economic stability score of 68 and a tenant stability score of 65, there is a significant possibility of income volatility and potential tenant turnover impacting cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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