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 123 m² on the 7th floor, built in 1998, energy rating C. Located on rua do Pé da Cruz, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a sizable balcony with excellent sun exposure, perfect for outdoor relaxation and entertaining, and is situated on an upper floor for unobstructed views.
The valuation. The asking price of €348,000 is significantly above the fair value of €209,945, reflecting an overpriced situation with a premium of €138,055, or 39.7%. This indicates a challenging entry point for prospective buyers.
Fair value modelled at €209,945 from the area baseline, adjusted for condition and location. Asking €348,000 sits €138,055 (39.7%) above — overpriced versus fair value.
Asking €348,000 versus the rua do Pé da Cruz area baseline of €396,798 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 68 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 69/100 (Housing Market 75 · Amenities 70 · Economic 55 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua do Pé da Cruz
Area baseline €396,798 + condition -€17,297 + location +€16,051 = modelled fair value of €209,945 (€1,707/m²), a €138,055 (39.7%) gap versus the €348,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Pé da Cruz | Subject | €348,000 | €2,829 | — | 68 | 69 |
| praceta Fernando Pessoa, 20 | Active | €330,000 | €2,578 | 8.9% | 68 | 61 |
| urbanização do Fojo | Active | €320,000 | €2,909 | 2.8% | 68 | 76 |
| Portimão · cfdd0f | Active | €370,000 | €3,426 | 21.1% | 70 | 75 |
| Portimão · 1e6477 | Active | €295,000 | €3,105 | 9.8% | 65 | 70 |
| Median comp | €325,000 | €3,007 | 6.3% | 68 | 73 |
Short-term vacation rental This property is overpriced at €348,000, which is significantly above the fair value of €209,945, resulting in a 39.7% gap. With a gross yield of only 4.3% and the area's dependence on seasonal tourism, potential returns may not justify the high initial investment. Long-term rental Despite the appealing size and location of this 3-bed apartment, its valuation at €348,000 exceeds the fair market value by 39.7%, indicating it is overpriced. The combined condition and neighborhood ratings (66/100 and 69/100) suggest that long-term rental returns may be insufficient given the current asking price. Buy-and-hold Investing in this property would not align with a buy-and-hold strategy due to the stark price overvaluation of 39.7% against the fair value of €209,945. Additionally, the modest gross yield of 4.3% does not support the high acquisition cost, leading to concerns about long-term viability and growth.
Economic Vulnerability The economic stability score of 55/100 indicates a risk of potential market fluctuations that could impact property value and rental income stability.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
