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 132 m² on the 1st floor, built in 2003, energy rating D. Located on rua Cerca do Colégio S / N, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a practical kitchen pantry and a balcony that enhances outdoor accessibility, ideal for enjoying the favorable East/West solar orientation.
The valuation. The asking price of €335,000 is approximately 7.1% above fair value of €312,780, indicating a fair valuation. This positioning suggests that the property is appropriately priced given its condition and location within Portimão.
Fair value modelled at €312,780 from 6 comparable sales in the area. Asking €335,000 sits €22,220 (7.1%) above — overpriced versus fair value.
Asking €335,000 versus the rua Cerca do Colégio S / N area baseline of €273,676 (€2,073/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 €273,676, adjusted for condition and micro-location, gives a modelled fair value of €312,780 (€2,370/m²), a €22,220 (7.1%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cerca do Colégio S / N | Subject | €335,000 | €2,538 | — | 74 | 71 |
| estrada de Alvor | Active | €265,000 | €1,893 | 25.4% | — | 71 |
| Portimão · 25f918 | Active | €349,900 | €2,536 | 0.1% | 66 | 79 |
| rua dos Cravos, 7A | Active | €350,000 | €2,273 | 10.4% | 72 | 73 |
| rua do Moleiro, 3 | Active | €287,000 | €2,242 | 11.7% | 65 | 68 |
| Median comp | €318,450 | €2,258 | 11.0% | 66 | 72 |
Short-term vacation rental The 3-bed apartment in Portimão could attract tourists, leveraging the region's strong tourism reliance, although its fair value assessment indicates a rental yield of 4% might not justify the current asking price. With the property priced at €335,000, it reflects a gap of 7.1% from fair value, positioning it as a fair investment but potentially limiting short-term profitability in a competitive market. Buy-and-hold Despite the property being maintained in good condition with a score of 69/100, the current valuation suggests limited upside potential for long-term appreciation given its fair value of €312,780. The 4% gross yield may prove satisfactory for steady income; however, investors should be cautious about the relatively high purchase price amidst moderate neighborhood ratings. Family rental With the neighborhood score of 71/100 and a property rating that denotes decent condition, this 3-bed apartment could serve as a suitable family rental option. However, given the current asking price of €335,000, which exceeds its fair value by 7.1%, prospective owners may want to carefully evaluate their expected returns in the context of local market conditions.
Economic vulnerability With an economic stability score of only 65/100, the property may be exposed to economic downturns that could affect tenant demand and rental income.
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