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 108 m² on the 4th floor, built in 2005. Located on rua da Pedra, Portimão parish, Portimão municipality, Faro district. This apartment features a spacious living room that allows for distinct dining and living areas, enhancing the social experience for residents.
The valuation. The asking price of €297,500 sits significantly above the fair value of €206,173, resulting in an overpriced verdict of €91,327, or 30.7% above fair value. Buy-to-flip angle. A resale or wholesale strategy could target investors seeking high-quality finishes and contemporary fixtures, capitalizing on the growing demand in the Algarve region. Buy-to-let angle. The estimated rental income of €967 per month presents a gross yield of 3.9%, making it suitable for long-term rentals or family accommodation in a neighborhood with robust tourism.
Fair value modelled at €206,173 from the area baseline, adjusted for condition and location. Asking €297,500 sits €91,327 (30.7%) above — overpriced versus fair value.
Asking €297,500 versus the rua da Pedra area baseline of €348,408 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 80 · Room dimensions 74). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua da Pedra
Area baseline €348,408 + condition +€2,194 + location +€18,544 = modelled fair value of €206,173 (€1,909/m²), a €91,327 (30.7%) gap versus the €297,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Pedra | Subject | €297,500 | €2,755 | — | 75 | 75 |
| avenida Miguel Bombarda | Active | €370,000 | €3,627 | 31.7% | 70 | 71 |
| Alvor · ba590d | Active | €265,000 | €2,760 | 0.2% | 70 | 74 |
| rua Vale de Lagar, 21 | Active | €274,800 | €2,893 | 5.0% | 70 | 62 |
| Portimão · b7b821 | Active | €329,000 | €5,141 | 86.6% | 70 | 71 |
| Median comp | €301,900 | €3,260 | 18.3% | 70 | 71 |
Long-term rental The 2-bed apartment in Portimão is currently overpriced, listed at €297,500 compared to a fair value of €206,173, which represents a 30.7% gap. At a gross yield of 3.9%, potential returns are diminished, making it less attractive for long-term rental investment in a competitive housing market. Short-term vacation rental With a fair value significantly lower than its asking price, this property appears overpriced, compromising its profitability as a short-term vacation rental. Given the robust demand from Algarve tourism, a more appropriately priced property could yield higher margins. Family rental The asking price of €297,500 suggests this apartment is overpriced, restricting affordability for potential family renters. While the area boasts a low crime rate and decent amenities, the gap to fair value raises concerns about overall rental viability for families looking for value for money.
Economic Vulnerability The property faces potential economic risks due to a moderate economic stability score of 70/100, indicating possible fluctuations in local market conditions.
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