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 108 m² on the 5th floor, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a modern pantry design and all rooms provide direct access to their own balconies, enhancing outdoor living space and panoramic views.
The valuation. The asking price of €297,000 is listed at €2,750/m², which is €56,115 (15.9%) below the fair value of €353,115. This property is accurately categorized as underpriced based on current market conditions.
Fair value modelled at €353,115 from 6 comparable sales in the area. Asking €297,000 sits €56,115 (15.9%) below — the upside to fair value.
Asking €297,000 versus the Portimão, Portimão, Faro area baseline of €303,970 (€2,815/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €303,970, adjusted for condition and micro-location, gives a modelled fair value of €353,115 (€3,270/m²), a €56,115 (15.9%) gap versus the €297,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · b32812 | Subject | €297,000 | €2,750 | — | 80 | 70 |
| rua da Raminha, 25 | Active | €308,000 | €3,385 | 23.1% | 75 | 74 |
| Alvor · dc13fc | Active | €347,000 | €3,155 | 14.7% | 72 | 74 |
| rua Poeta João Brás | Active | €476,500 | €2,836 | 3.1% | 72 | 73 |
| Portimão · 1e63d6 | Active | €353,000 | €2,942 | 7.0% | 74 | 73 |
| Median comp | €350,000 | €3,049 | 10.9% | 73 | 74 |
Short-term vacation rental The property in Portimão is well-positioned for a short-term vacation rental strategy, supported by the Algarve's status as a prime tourist destination. With a fair value of €353,115 suggesting a 15.9% gap from the listing price of €297,000, this opportunity offers a solid yield of 4.6% gross. Buy-and-hold Investing in this 3-bed apartment in Portimão qualifies as a solid buy-and-hold strategy, especially given its fair value, which is higher than the asking price. With the apartment's relatively high condition score of 79/100 and potential for appreciation as tourism continues to flourish, this property represents a strategic long-term investment. Family rental The apartment can serve effectively as a family rental, benefitting from the growing expatriate community in the Algarve region. Given its fair value being 15.9% above the listing price and decent neighborhood rating of 70/100, it has potential for steady occupancy and rental demand while catering to families looking for a comfortable residence in a vibrant area.
Economic and Tenant Vulnerability: With both economic stability and tenant stability rated at 65/100, there is a heightened risk of tenant turnover and fluctuating rental income, potentially impacting overall cash flow.
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