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 110 m², built in 1988, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a 25 m² private terrace with stunning sea views, ideal for outdoor entertaining, and a dedicated storage area seamlessly integrated within the parking space.
The valuation. The asking price of €465,000 is significantly above the fair value of €213,980, creating an overvaluation of €251,020, or 54.0%. This indicates that the property is overpriced relative to market conditions.
Fair value modelled at €213,980 from the area baseline, adjusted for condition and location. Asking €465,000 sits €251,020 (54.0%) above — overpriced versus fair value.
Asking €465,000 versus the Portimão, Portimão, Faro area baseline of €354,860 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 76 · Materials 82 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €354,860 + condition +€7,734 + location +€17,376 = modelled fair value of €213,980 (€1,945/m²), a €251,020 (54.0%) gap versus the €465,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · be917b | Subject | €465,000 | €4,227 | — | 76 | 73 |
| Portimão · 261fb5 | Active | €595,000 | €3,287 | 22.2% | 78 | 66 |
| praceta da Borralha, 2 | Active | €330,000 | €2,920 | 30.9% | 70 | 75 |
| rua Engenheiro José de Bívar, 2 | Active | €450,000 | €3,516 | 16.8% | 68 | 67 |
| Portimão · 938819 | Active | €750,000 | €4,491 | 6.2% | 77 | 73 |
| Median comp | €522,500 | €3,402 | 19.5% | 74 | 70 |
Short-term vacation rental The property is overpriced at €465,000 despite its potential for short-term rental in a sought-after Algarve location, creating a yield of only 2.8%. The significant gap of 54% from its fair value indicates that the current price may not attract enough occupancy to justify the investment. Buy-and-hold Holding onto this property as a long-term investment is not advisable given its current overpriced status at €465,000, compared to a fair value of €213,980. The low yield of 2.8% reflects insufficient appreciation potential, making it unlikely to yield favorable returns in the long run. Family rental Entering the family rental market with this property is not recommended due to its overpriced valuation of €465,000. With a fair value of €213,980, the property may struggle to attract quality tenants or maintain competitive rental rates amid a substantial price discrepancy. Not ideal for: Student housing, Luxury market The property is also unsuitable for student housing due to its high price point and limited yield, which could deter cost-sensitive renters. Furthermore, its features and location do not align with the luxury market, further complicating its appeal.
Economic fluctuations The economic stability score of 65/100 indicates a moderate risk of downturns that could impact rental income and property value.
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