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 186 m² on the 1st floor, built in 2016, energy rating B. Located Portimão parish, Portimão municipality, Faro district. The apartment features direct river views from its private balconies, and residents enjoy exclusive access to beautifully landscaped areas around the pool.
The valuation. The asking price of €565,000 sits €92,276 above the fair value of €472,724, representing a 19.5% premium. This assessment indicates the property is overpriced considering current market standards.
Fair value modelled at €472,724 from 6 comparable sales in the area. Asking €565,000 sits €92,276 (19.5%) above — overpriced versus fair value.
Asking €565,000 versus the Portimão, Portimão, Faro area baseline of €393,518 (€2,116/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €393,518, adjusted for condition and micro-location, gives a modelled fair value of €472,724 (€2,542/m²), a €92,276 (19.5%) gap versus the €565,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1f3429 | Subject | €565,000 | €3,038 | — | 73 | 77 |
| Portimão · fb292b | Active | €560,000 | €2,605 | 14.3% | 78 | 71 |
| Portimão · 6d5229 | Active | €540,000 | €2,512 | 17.3% | 75 | 73 |
| Portimão · 6c773b | Active | €399,000 | €2,389 | 21.3% | 72 | 73 |
| Portimão · fb2935 | Active | €522,000 | €2,610 | 14.1% | 80 | 76 |
| Median comp | €531,000 | €2,559 | 15.8% | 77 | 73 |
Short-term vacation rental This property is priced at €565,000, which is 19.5% above its fair value of €472,724, indicating an overpriced asset in a competitive tourist market. The 3.1% gross yield and decent condition ratings suggest that while rental demand may exist, achieving significant profitability will be challenging given the current price point. Buy-and-hold With a fair value significantly lower than the listing price, this property stands as an overpriced investment for those looking for long-term appreciation in the Portimão market. The combination of a 3.1% gross yield and a 76/100 condition rating diminishes the prospects of healthy capital growth. Family rental Given the €565,000 listing price exceeds the fair value by 19.5%, this property is overpriced for a family rental investment. Although the neighborhood sentiment is robust at 77/100, the economic limitations of the region and low yield make this property less attractive for family-oriented tenants. Not ideal for: Student housing, Industrial use.
Economic Volatility Risk The economic stability score of 70/100 indicates moderate economic fluctuations which could impact rental income stability and property valuation.
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