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 75 m² on the 3rd floor, built in 2006. Located on rua da Previdência, 53, Portimão parish, Portimão municipality, Faro district. This apartment features a closed outdoor area that enhances living space year-round, along with air-conditioned bedrooms, one boasting a balcony with views of the city and Monchique mountains.
The valuation. The asking price of €290,000 is positioned €30,000 below the fair value of €320,000, indicating the property is fairly priced and represents a competitive entry point in the market. Buy-to-flip angle. The resale strategy focuses on cosmetic enhancements to elevate the property’s appeal, targeting a swift sale at a higher price within six months, aiming for a profitable return on investment. Buy-to-let angle. The rental income strategy suggests a gross yield of 4.5%, with an estimated monthly income of approximately €1,088, making it suitable for long-term family rentals or short-term vacation stays in a sought-after tourist region.
Fair value modelled at €320,000 from 5 comparable sales in the area. Asking €290,000 sits €30,000 (9.4%) below — the upside to fair value.
Asking €290,000 versus the rua da Previdência, 53 area baseline of €296,113 (€3,948/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 is below the parish average, reducing 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 €296,113, adjusted for condition and micro-location, gives a modelled fair value of €320,000 (€4,267/m²), a €30,000 (9.4%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Previdência, 53 | Subject | €290,000 | €3,867 | — | 72 | 73 |
| Portimão · 49b7ed | Active | €310,000 | €4,493 | 16.2% | 80 | 68 |
| Portimão · ba3d7e | Active | €320,000 | €4,267 | 10.3% | 72 | 78 |
| estrada de Monchique | Active | €268,900 | €3,841 | 0.7% | 71 | 71 |
| Portimão · f35fee | Active | €259,500 | €3,327 | 14.0% | 72 | 76 |
| Median comp | €289,450 | €4,054 | 4.8% | 72 | 74 |
Short-term vacation rental This 2-bed apartment in Portimão could generate a solid yield of 4.5% gross in a tourism-driven area, appealing to vacationers seeking coastal accommodation. However, despite this potential, the property is listed at fair value, indicating that the upside for rental income may not be substantial compared to other options. Buy-and-hold Maintaining this property as a buy-and-hold investment could offer stable appreciation in the long run, thanks to its location in the Algarve, a popular tourist destination. Yet, the fair valuation suggests that investors should approach with caution, as the immediate return may not justify its current price. Family rental As a family rental, the property offers decent neighborhood amenities and tenant quality, potentially attracting long-term tenants. However, with the current fair pricing, investors may find limited prospects for significant cash flow enhancement in this strategy.
Economic Vulnerability A moderate economic stability score of 65 indicates potential risks related to local market fluctuations that may affect tenant demand or rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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