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 91 m² on the 1st floor, built in 1982, energy rating C. Located on rua da Esperança, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes two private balconies offering urban views and is situated close to essential services and education, enhancing lifestyle convenience in Portimão.
The valuation. The asking price of €260,000 is significantly higher than the fair value of €145,150, representing an overvaluation of €114,850 (44.2%). This indicates that the property is overpriced relative to its actual worth.
Fair value modelled at €145,150 from the area baseline, adjusted for condition and location. Asking €260,000 sits €114,850 (44.2%) above — overpriced versus fair value.
Asking €260,000 versus the rua da Esperança area baseline of €293,566 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 60/100 (Housing Market 70 · Amenities 60 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua da Esperança
Area baseline €293,566 + condition -€17,347 + location +€6,250 = modelled fair value of €145,150 (€1,595/m²), a €114,850 (44.2%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Esperança | Subject | €260,000 | €2,857 | — | 65 | 60 |
| Portimão · 4a7fe2 | Active | €240,000 | €3,810 | 33.3% | 65 | 76 |
| Alvor · 0325b0 | Active | €380,000 | €4,524 | 58.3% | 65 | 74 |
| rua Trabucho Alexandre, 16 | Active | €240,000 | €3,288 | 15.1% | 72 | 70 |
| rua das Oliveiras, 49A | Active | €218,000 | €3,633 | 27.2% | 70 | 62 |
| Median comp | €240,000 | €3,722 | 30.3% | 68 | 72 |
Short-term vacation rental The 2-bed apartment in Portimão, listed at €260,000, demonstrates a significant gap of 44.2% from its fair value of €145,150, indicating it is overpriced for a vacation rental investment. Moreover, with a gross yield of only 3.7% and a condition rating of 63, the property may struggle to attract sufficient rental demand in a competitive tourist market. Long-term rental Although the property is strategically located near a tourist area, the overpriced listing of €260,000 compared to a fair value of €145,150 suggests a lack of growth potential for long-term rental income. Additionally, with a mediocre neighborhood score of 60/100, tenant quality and demand may not support a viable long-term rental strategy. Buy-and-hold Investing in this apartment as a buy-and-hold asset at €260,000, well above its fair value of €145,150, raises concerns of long-term appreciation potential in a largely tourism-driven economy. The 3.7% gross yield combined with its condition and neighborhood ratings suggest that the property may not deliver satisfactory results over time in a buy-and-hold investment approach.
Economic Vulnerability The economic stability score of 50/100 indicates a significant risk of downturns that could lead to reduced tenant demand and potential vacancies.
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