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 193 m² on the 2nd floor, energy rating A. Located Portimão parish, Portimão municipality, Faro district. This property boasts a closed garage for two cars and an unobstructed view, enhancing both convenience and lifestyle quality.
The valuation. The asking price of €495,000 sits significantly above fair value, with a premium of €112,984 (22.8%). This property is considered overpriced compared to its fair market value of €382,016.
Fair value modelled at €382,016 from the area baseline, adjusted for condition and location. Asking €495,000 sits €112,984 (22.8%) above — overpriced versus fair value.
Asking €495,000 versus the Portimão, Portimão, Faro area baseline of €622,618 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 (Condition 82 · Materials 88 · Room dimensions 85). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 70 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €622,618 + condition +€24,125 + location +€26,510 = modelled fair value of €382,016 (€1,979/m²), a €112,984 (22.8%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 483a6e | Subject | €495,000 | €2,565 | — | 82 | 70 |
| Portimão · 6d5229 | Active | €540,000 | €2,512 | 2.1% | 75 | 73 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 11.2% | 78 | 75 |
| Portimão · 65a47c | Active | €360,000 | €2,571 | 0.3% | 70 | 72 |
| beco do Fojo | Active | €570,000 | €3,184 | 24.2% | 80 | 71 |
| Median comp | €487,500 | €2,542 | 0.9% | 77 | 73 |
Short-term vacation rental This property is overpriced at €495,000, reflecting a gap of 22.8% compared to its fair value of €382,016, making it a less attractive option for short-term vacation rentals. The 4.1% gross yield and the seasonal nature of the Algarve tourist market suggest potential challenges in achieving consistent rental income. Long-term rental Given the high listing price of €495,000 and a fair value of €382,016, this property is overpriced and may hinder profitability in the long-term rental market. With a gross yield of just 4.1%, potential rental income does not adequately compensate for the excessive purchase price. Buy-and-hold As the property is listed at €495,000, significantly above its fair value of €382,016, it poses a risk for buy-and-hold investors seeking steady appreciation. High initial costs combined with a modest gross yield of 4.1% indicate that this investment may not deliver sufficient returns over time.
Economic Vulnerability The economic stability score of 60/100 indicates potential exposure to market fluctuations that could impact rental income and property value.
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