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.
0-bedroom, 0-bathroom apartment of 70 m², built in 1995. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment features a closed laundry area accessible from the kitchen, enhancing convenience and functionality for everyday living in a prime coastal location.
The valuation. The asking price of €275,000 is significantly above fair value, which is assessed at €129,826, marking an overpriced status with a variance of €145,174 (52.8%). Buy-to-flip angle. With strategic renovations, this property could be resold at a higher price point, targeting investors or first-time buyers in a market eager for updated units. Buy-to-let angle. At an estimated gross yield of 3.7%, the monthly rental income of €848 positions this property for long-term holding, appealing to both vacationers and local tenants in the Algarve region.
Fair value modelled at €129,826 from the area baseline, adjusted for condition and location. Asking €275,000 sits €145,174 (52.8%) above — overpriced versus fair value.
Asking €275,000 versus the Portimão, Portimão, Faro area baseline of €225,820 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 75 · Materials 74 · Room dimensions 74). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €225,820 + condition -€1,422 + location +€11,057 = modelled fair value of €129,826 (€1,855/m²), a €145,174 (52.8%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 91174e | Subject | €275,000 | €3,929 | — | 75 | 73 |
| Portimão · b7c12f | Active | €310,000 | €3,483 | 11.3% | 73 | 75 |
| Portimão · 6fbc24 | Active | €850,000 | €9,444 | 140.4% | 70 | 69 |
| Portimão · 0019d9 | Active | €350,000 | €7,447 | 89.6% | 82 | 74 |
| Portimão · 6f41ee | Active | €265,000 | €4,206 | 7.1% | 72 | 72 |
| Median comp | €330,000 | €5,827 | 48.3% | 73 | 73 |
Short-term vacation rental This property, despite its appeal in a tourist-centered region like Algarve, is currently overpriced by 52.8% compared to its fair value of €129,826. With a gross yield of only 3.7%, the investment does not provide an attractive return in the competitive short-term rental market. Buy-and-hold Acquiring this property as a long-term buy-and-hold strategy is not advisable, given its significant markup over fair value and only moderate neighbourhood ratings of 73/100. The potential for appreciation is hindered by the current investment's valuation, making it an inadequate choice for long-term growth. Long-term rental Investing in this property for long-term rental purposes is unappealing due to its 52.8% premium over fair value and a less competitive gross yield of 3.7%. Additionally, neighborhood scores suggest that tenant quality may not compensate for the current high entry price, further complicating the rental investment's viability.
Economic Uncertainty With an economic stability score of 65/100, there is a significant risk of fluctuating market conditions that could affect rental income and property value over time.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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