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.
2-bedroom, 1-bathroom apartment of 75 m² on the 5th floor, built in 1978, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy features: This apartment's prime location allows for easy walking access to the vibrant Riverside Area and beautiful beaches, enhancing everyday convenience and leisure options.
The valuation. The asking price of €290,000 is significantly above the fair value of €204,854, representing an overpriced appraisal by €85,146 (41.6%). Such a discrepancy raises concerns for potential investors regarding the property's financial viability.
Fair value modelled at €204,854 from 6 comparable sales in the area. Asking €290,000 sits €85,146 (41.6%) above — overpriced versus fair value.
Asking €290,000 versus the Portimão, Portimão, Faro area baseline of €202,974 (€2,706/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €202,974, adjusted for condition and micro-location, gives a modelled fair value of €204,854 (€2,731/m²), a €85,146 (41.6%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1f35cf | Subject | €290,000 | €3,867 | — | 65 | 73 |
| Portimão · bf2a1f | Active | €285,000 | €2,615 | 32.4% | 65 | 72 |
| estrada de Alvor | Active | €265,000 | €1,893 | 51.0% | — | 71 |
| Portimão · ba3dc6 | Active | €225,000 | €2,848 | 26.3% | 55 | 74 |
| rua da Raminha, 14 | Active | €345,000 | €3,833 | 0.9% | 65 | 71 |
| Median comp | €275,000 | €2,732 | 29.4% | 65 | 72 |
Short-term vacation rental The property is overpriced, with a fair value of €204,854 indicating a 41.6% gap. Given its location in a popular tourist area of the Algarve, the potential for short-term rentals is present, but current pricing limits profitability. Buy-and-hold As the property is priced at €290,000, it presents a significant risk for long-term investment, given that the fair value is €204,854. The gross yield of 3.8% is not attractive enough to compensate for the high initial cost, making it a less desirable buy-and-hold option. Family rental At €290,000, this property is overpriced for a family rental, significantly exceeding its fair value of €204,854. The combination of a decent neighborhood rating (73/100) and declining rental yields presents challenges for attracting long-term family tenants at this price point.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturn affecting property values and rental income.
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