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, 2-bathroom apartment of 85 m² on the 4th floor, built in 2010, energy rating C. Located on rua dos Três Castelos, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment's prime location allows for easy access to local attractions, and it includes two designated parking spaces, enhancing convenience for residents and guests.
The valuation. The asking price of €548,000 is significantly above the fair value of €165,694, representing a markup of €382,306 (69.8%). This property is overpriced, highlighting a need for strong market justification for the price.
Fair value modelled at €165,694 from the area baseline, adjusted for condition and location. Asking €548,000 sits €382,306 (69.8%) above — overpriced versus fair value.
Asking €548,000 versus the rua dos Três Castelos area baseline of €274,210 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 78 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua dos Três Castelos
Area baseline €274,210 + condition +€6,906 + location +€12,843 = modelled fair value of €165,694 (€1,949/m²), a €382,306 (69.8%) gap versus the €548,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Três Castelos | Subject | €548,000 | €6,447 | — | 78 | 72 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 4.4% | 75 | 74 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 4.4% | 79 | 75 |
| avenida São Lourenço da Barrosa, 205 | Active | €325,000 | €3,963 | 38.5% | 78 | 72 |
| Portimão · f3610f | Active | €398,000 | €4,146 | 35.7% | 75 | 65 |
| Median comp | €498,500 | €5,438 | 15.7% | 77 | 73 |
Short-term vacation rental This 2-bed apartment in Portimão, listed at €548,000, is overpriced compared to its fair value of €165,694, indicating a significant gap of 69.8%. With a gross yield of only 3.2%, the property does not provide an attractive investment opportunity for short-term rentals in a competitive market like Algarve. Buy-and-hold Given the high price of €548,000 versus the fair value of €165,694, this property presents a challenging buy-and-hold strategy with a substantial 69.8% gap. The expected yield of 3.2% suggests limited long-term income generation potential, making it less appealing for holding as a long-term asset. Family rental This 2-bed apartment, although located in a decent neighborhood with a rating of 72/100, is overpriced at €548,000 against a fair value of €165,694, representing a striking 69.8% disparity. Its gross yield of 3.2% does not provide compelling reasons to pursue it as a family rental investment in the current market conditions.
Economic Volatility Risk The property may face financial challenges due to its economic stability score of 65, which indicates potential volatility in the local market affecting rental income. Tenant Turnover Risk With a tenant stability score of 70, there is a moderate risk of tenant turnover, which could lead to increased vacancy rates and costs associated with finding new tenants.
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