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 68 m², energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts modernized interiors that include high-quality materials and unique design elements that enhance its aesthetic appeal and functionality beyond typical listings.
The valuation. The asking price of €279,000 exceeds the fair value of €243,163 by €35,837 (14.7%), indicating the property is overpriced.
Fair value modelled at €243,163 from 6 comparable sales in the area. Asking €279,000 sits €35,837 (14.7%) above — overpriced versus fair value.
Asking €279,000 versus the Portimão, Portimão, Faro area baseline of €231,490 (€3,404/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €231,490, adjusted for condition and micro-location, gives a modelled fair value of €243,163 (€3,576/m²), a €35,837 (14.7%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 43910a | Subject | €279,000 | €4,103 | — | 72 | 72 |
| rua da Esperança | Active | €260,000 | €2,857 | 30.4% | 65 | 60 |
| Alvor · 0325b0 | Active | €380,000 | €4,524 | 10.3% | 65 | 74 |
| Portimão · 8ee55b | Active | €258,500 | €2,872 | 30.0% | 68 | 70 |
| Portimão · 4a7fe2 | Active | €240,000 | €3,810 | 7.2% | 65 | 76 |
| Median comp | €259,250 | €3,341 | 18.6% | 65 | 72 |
Short-term vacation rental The property, despite its appealing location in Algarve, is overpriced at €279,000 compared to the fair value of €243,163, reflecting a 14.7% gap. This pricing diminishes the potential for a profitable short-term rental strategy, especially given the current gross yield of 4.3%. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is less attractive due to its current overvaluation, with a fair value of €243,163 showing a significant 14.7% disparity. The suboptimal gross yield of 4.3% further signals limited long-term capital appreciation prospects. Family rental With the property marked at €279,000, it is overpriced against a fair value of €243,163, resulting in a 14.7% difference that undermines its viability as a family rental. Additionally, the lower condition score of 67/100 may deter potential long-term tenants seeking quality living environments.
Economic Risk The economic stability score of 60/100 indicates potential vulnerability to market fluctuations, which could impact rental income or property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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