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 107 m² on the 2nd floor. Located on rua do Operário, 2B, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment features double-glazed windows that enhance energy efficiency and noise reduction, making it a quieter living space despite its need for modernization.
The valuation. The asking price of €248,000 is positioned slightly above the fair value of €231,674, reflecting a difference of €16,326 (approximately 7.0%). This places the property in a fair valuation category.
Fair value modelled at €231,674 from 6 comparable sales in the area. Asking €248,000 sits €16,326 (7.0%) above — overpriced versus fair value.
Asking €248,000 versus the rua do Operário, 2B area baseline of €259,467 (€2,425/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 54/100 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 €259,467, adjusted for condition and micro-location, gives a modelled fair value of €231,674 (€2,165/m²), a €16,326 (7.0%) gap versus the €248,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Operário, 2B | Subject | €248,000 | €2,318 | — | 53 | 78 |
| rua Frederico Gonçalves | Active | €161,000 | €624 | 73.1% | — | 63 |
| Portimão · 28bc6e | Active | €290,500 | €1,410 | 39.2% | 55 | 74 |
| rua Cidade de Gôa | Active | €315,000 | €2,716 | 17.2% | 53 | 70 |
| estrada de Alvor | Active | €265,000 | €1,893 | 18.3% | — | 71 |
| Median comp | €277,750 | €1,652 | 28.7% | 54 | 71 |
Short-term vacation rental With a gross yield of 5.7%, this property in a tourist-centric location has potential as a short-term vacation rental, attracting international visitors drawn to the Algarve region. However, given its fair valuation, investors should be cautious of price competition affecting future profitability. Long-term rental While the property's condition is moderate at 54/100, the neighbourhood's high score of 78/100 suggests a stable environment for long-term rentals. The fair market valuation indicates that while the property fits the rental market, potential returns may be constrained by current pricing. Buy-and-hold This property presents a viable buy-and-hold opportunity, especially in a stable market reinforced by consistent tourism traffic. Nevertheless, with a fair value that hovers just above listing price, investments may yield limited appreciation over time compared to other lower-priced alternatives.
Economic Sensitivity The combined economic and tenant stability scores of 70/100 indicate potential vulnerability to fluctuations in the local economy, which could impact rental income and occupancy rates.
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