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, 3-bathroom apartment of 183 m² on the 6th floor, built in 2007, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a spacious open plan living area with direct balcony access, ideal for entertaining, and features a convenience-oriented layout with a dedicated laundry area.
The valuation. The asking price of €460,000 sits €24,125 (5.5%) above the fair value of €435,875, indicating a property fairly priced in the market. Buy-to-flip angle. A resale strategy can capitalize on seasonal tourism, leveraging the apartment's high-quality finishes and desirable location to appeal to buyers ready for vacation homes. Buy-to-let angle. With an estimated gross yield of 4.6%, the property offers potential rental income of approximately €1,763/month, making it an attractive option for long-term family rentals or short-term vacation stays in Algarve.
Fair value modelled at €435,875 from 6 comparable sales in the area. Asking €460,000 sits €24,125 (5.5%) above — overpriced versus fair value.
Asking €460,000 versus the Portimão, Portimão, Faro area baseline of €348,953 (€1,907/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €348,953, adjusted for condition and micro-location, gives a modelled fair value of €435,875 (€2,382/m²), a €24,125 (5.5%) gap versus the €460,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 4681e2 | Subject | €460,000 | €2,514 | — | 78 | 71 |
| urbanização Vale Franªa | Active | €425,000 | €2,297 | 8.6% | 73 | 71 |
| rua dos Cravos, 7A | Active | €350,000 | €2,273 | 9.6% | 72 | 73 |
| Portimão · dbd491 | Active | €460,000 | €2,754 | 9.6% | 72 | 70 |
| rua Dom Afonso V, 3 | Active | €550,000 | €2,466 | 1.9% | 75 | 73 |
| Median comp | €442,500 | €2,382 | 5.3% | 73 | 72 |
Short-term vacation rental While the property is listed at €460,000, just above the fair value of €435,875, it offers a solid gross yield of 4.6% which is feasible for the short-term rental market in the Algarve. The tourism-driven demand in this coastal area might ensure occupancy rates that can sustain the current pricing. Family rental With a fair value slightly below the listing price, this property maintains a competitive edge for family rentals due to its spacious 183m² layout and favorable neighborhood rating of 71/100. Although the yield stands at 4.6%, the moderate condition score of 81/100 suggests it would attract renters looking for quality family accommodations. Buy-and-hold The property is fairly priced and offers a 4.6% yield, making it a reasonable candidate for long-term investment in the growing Algarve housing market. Its spacious design and decent neighborhood amenities could provide stable income and potential appreciation over time, despite the current valuation being at market level.
Economic Vulnerability A low economic stability score of 60/100 may indicate potential fluctuations in rent prices or property values, increasing investment risk.
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