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 141 m², built in 2022, energy rating A. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a terrace with garden access and stunning urban and sea views, enhancing outdoor living and leisure opportunities. Energy Efficiency: Rated A for reduced energy consumption.
The valuation. The asking price of €622,000 is essentially in line with fair value at €622,603, marking a negligible difference of just €603—or 0.1%. The property is assessed as fairly priced in the current market. Buy-to-flip angle. The buy-to-flip strategy focuses on short-term vacation rentals, leveraging high tourist appeal in the Algarve region to attract buyers after renovation and staging. Quick resale at an increased value is feasible due to seasonal demand in the area. Buy-to-let angle. For the buy-to-let strategy, the gross yield stands at 2.7% with estimated rental income of €1,400/month, allowing for a steady income stream. The apartment's luxury appeal and desirable location enhance its attractiveness to long-term tenants.
Fair value modelled at €622,603 from 6 comparable sales in the area. Asking €622,000 sits €603 (0.1%) below — the upside to fair value.
Asking €622,000 versus the Portimão, Portimão, Faro area baseline of €544,226 (€3,860/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 86/100 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 €544,226, adjusted for condition and micro-location, gives a modelled fair value of €622,603 (€4,416/m²), a €603 (0.1%) gap versus the €622,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 6a946f | Subject | €622,000 | €4,411 | — | 88 | 73 |
| rua da Vila Rosa S / N | Active | €647,000 | €5,882 | 33.3% | 80 | 74 |
| Portimão · 99f185 | Active | €515,000 | €3,679 | 16.6% | 75 | 78 |
| rua Doutor Coelho de Carvalho S / N | Active | €585,000 | €5,177 | 17.4% | 85 | 68 |
| Portimão · dc150a | Active | €675,000 | €5,153 | 16.8% | 76 | 76 |
| Median comp | €616,000 | €5,165 | 17.1% | 78 | 75 |
Short-term vacation rental The property’s proximity to tourist hotspots in the Algarve region supports a solid short-term vacation rental strategy, although the yield of 2.7% may limit profitability. Given the fair valuation at €622,000, competition from seasonal rental vacancies should be monitored closely. Buy-and-hold With a fair value assessment of €622,603, holding onto this property may generate stable rental income over time, albeit at a modest gross yield of 2.7%. The neighborhood’s score of 73/100 indicates a reasonably attractive location, although potential market fluctuations due to seasonal activity must be considered. Value-add renovation While the property’s condition score of 86/100 is relatively high, there may be limited opportunities for value-add renovations that could appreciably increase its market worth. Investing in minor aesthetic upgrades may enhance rental appeal, yet returns are unlikely to compensate for the already fair valuation at €622,000.
Economic Vulnerability With an economic stability score of 65/100, there is a risk that fluctuations in the local economy could impact tenant retention and rent prices negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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