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 house of 144 m², built in 2003, energy rating E. Located on urbanização António Joaquim Duarte, 23, Estômbar e Parchal parish, Lagoa municipality, Faro district. Noteworthy Features: The property includes a rooftop terrace with unobstructed views, perfect for relaxation, and a basement apartment that offers rental potential or additional accommodation. Additional Information: Located in a sought-after residential area with easy access to services and beaches.
The valuation. The asking price of €390,000 sits €107,606 (38.1%) above the fair value of €282,394. This property is clearly overpriced. Buy-to-flip angle. A resale or wholesale strategy could leverage the increasing tourist demand in Algarve, although the current pricing limits potential profit margins. Buy-to-let angle. With an estimated gross yield of 5.3%, renting at approximately €1,722/month targets both short-term vacationers and long-term tenants in the thriving rental market of Lagoa.
Fair value modelled at €282,394 from 6 comparable sales in the area. Asking €390,000 sits €107,606 (38.1%) above — overpriced versus fair value.
Asking €390,000 versus the urbanização António Joaquim Duarte, 23 area baseline of €294,834 (€2,047/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €294,834, adjusted for condition and micro-location, gives a modelled fair value of €282,394 (€1,961/m²), a €107,606 (38.1%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização António Joaquim Duarte, 23 | Subject | €390,000 | €2,708 | — | 68 | 74 |
| rua Capitão Teófilo Duarte | Active | €290,000 | €1,676 | 38.1% | 55 | 65 |
| Portimão · 49b8db | Active | €320,000 | €1,517 | 44.0% | 75 | 70 |
| Portimão · 956a7a | Active | €725,000 | €948 | 65.0% | 74 | 72 |
| Portimão · 001a44 | Active | €269,500 | €2,246 | 17.1% | — | 67 |
| Median comp | €305,000 | €1,597 | 41.1% | 74 | 69 |
Short-term vacation rental Given the property’s gross yield of 5.3% and the prevalent tourist market in the Algarve, investing in short-term rentals might seem appealing; however, the property is overpriced by 38.1% compared to its fair value. This pricing misalignment could hinder the overall profitability and return on investment typical for short-term vacation rentals. Long-term rental Although long-term rentals could generate stable income in a tourist-driven area, the property’s valuation at €390,000 is significantly above its fair value of €282,394, indicating it is overpriced. This gap could limit investor interest and affect rental yields in the competitive rental market of Estômbar e Parchal. Buy-and-hold The buy-and-hold strategy generally relies on appreciating property values, but the current listing price of €390,000, which is 38.1% higher than the fair market value, suggests this investment opportunity is overpriced. The risk of stagnation or loss in value makes this property less attractive for long-term wealth accumulation in the current market conditions.
Economic Vulnerability The economic stability score of 65/100 indicates potential challenges in the local economy that could affect tenant demand and property performance.
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