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, 2-bathroom apartment of 112 m² on the 8th floor, built in 1985, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Unique Feature: The property boasts three balconies offering excellent sun exposure, enhancing its spaciousness and natural light throughout the day, ideal for outdoor relaxation. Highlights: Generous areas and functional layout.
The valuation. The asking price of €298,000 is below the fair value of €327,693 by €29,693 (9.1%), indicating a fair market position for this property. This suggests a balanced entry point for potential investors. Buy-to-flip angle. The strategy for resale focuses on minor renovations to enhance appeal without significant investment, targeting a swift turnover in a market with high demand for updated properties. A strategic flip could capture premium pricing in this tourist-centric area. Buy-to-let angle. With a gross yield of 4.7% from estimated rent of €1,167/month, this property is suitable for long-term rental, appealing to vacationers drawn to the Algarve's attractions. Its mixed neighborhood and average condition support continuous rental demand over time.
Fair value modelled at €327,693 from 6 comparable sales in the area. Asking €298,000 sits €29,693 (9.1%) below — the upside to fair value.
Asking €298,000 versus the Portimão, Portimão, Faro area baseline of €294,737 (€2,632/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €294,737, adjusted for condition and micro-location, gives a modelled fair value of €327,693 (€2,926/m²), a €29,693 (9.1%) gap versus the €298,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 8ee704 | Subject | €298,000 | €2,661 | — | 70 | 73 |
| Portimão · cfdd0f | Active | €370,000 | €3,426 | 28.8% | 70 | 75 |
| Portimão · ba5a38 | Active | €310,000 | €3,827 | 43.8% | 74 | 73 |
| Portimão · 6ebb31 | Active | €258,000 | €2,688 | 1.0% | 60 | 69 |
| rua do Pé da Cruz | Active | €348,000 | €2,829 | 6.3% | 68 | 69 |
| Median comp | €329,000 | €3,128 | 17.5% | 69 | 71 |
Short-term vacation rental The property’s fair value of €327,693 indicates an opportunity to achieve competitive yields, but with a gross yield of 4.7%, it does not stand out in a market often dominated by higher-yielding options. Given its location in the Algarve, tourist demand can fluctuate seasonally, impacting rental stability despite the fair valuation. Buy-and-hold Owning this apartment as a buy-and-hold investment may yield moderate long-term appreciation potential, as the gap to fair value is small at 9.1%. However, economic reliance on tourism poses risks that could affect tenant stability and rental growth in the future. Family rental The property’s family rental potential is reasonable considering its location, but with a fair value designation, the investment lacks immediate upside. The local amenities and moderate condition metrics suggest it can meet family needs, yet its value proposition remains constrained by broader economic factors linked to tourism.
Potential Economic Instability The property’s economic stability score of 65/100 indicates a risk of fluctuations in local economic conditions that could impact rental income or property value over time.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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