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 128 m² on the 1st floor, built in 1988, energy rating C. Located Portimão parish, Portimão municipality, Faro district. This apartment features three spacious balconies, offering ample outdoor space for relaxation and enjoyment, along with air conditioning in all rooms for year-round comfort.
The valuation. The asking price of €312,000 is slightly above the fair value of €307,727, sitting at €4,273 (1.4%) higher. This property is considered to be priced fairly, warranting careful consideration by potential buyers.
Fair value modelled at €307,727 from 6 comparable sales in the area. Asking €312,000 sits €4,273 (1.4%) above — overpriced versus fair value.
Asking €312,000 versus the Portimão, Portimão, Faro area baseline of €270,170 (€2,111/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 €270,170, adjusted for condition and micro-location, gives a modelled fair value of €307,727 (€2,404/m²), a €4,273 (1.4%) gap versus the €312,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · b32ba4 | Subject | €312,000 | €2,438 | — | 72 | 80 |
| rua do Moleiro, 3 | Active | €287,000 | €2,242 | 8.0% | 65 | 68 |
| Portimão · 25f918 | Active | €349,900 | €2,536 | 4.0% | 66 | 79 |
| rua dos Cravos, 7A | Active | €350,000 | €2,273 | 6.8% | 72 | 73 |
| estrada de Alvor | Active | €265,000 | €1,893 | 22.3% | — | 71 |
| Median comp | €318,450 | €2,258 | 7.4% | 66 | 72 |
Short-term vacation rental The property, located in a tourist-dense Algarve zone, presents a gross yield of 4.6%, making it a viable option for short-term rentals despite its fair pricing. The neighborhood's high tenant quality and amenities support a steady influx of seasonal visitors, although the property is fairly priced against its €307,727 fair value. Long-term rental With a fair value of €307,727, this property offers a gross yield of 4.6%, indicating potential profitability for long-term rental strategies. The neighborhood’s favorable rating of 80/100 suggests a robust rental demand, although the close valuation reflects a balanced market position. Buy-and-hold As the property is fairly priced at €312,000 compared to the fair value of €307,727, it may not offer significant appreciation upside in the buy-and-hold strategy. However, the overall attractiveness of Portimão as a tourist destination can bolster long-term value retention and gradual equity growth.
Economic Vulnerability The property may be at risk due to an economic stability score of 75, which indicates potential fluctuations in the local economy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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