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 77 m², energy rating E. Located on rua Agosto Azul, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts three balconies, providing varied outdoor spaces and ensuring abundant natural light throughout the day, enhancing its appeal for both relaxation and entertaining. Condition Notes: While well-maintained, minor cosmetic touch-ups may improve some visible components for a refreshed look.
The valuation. The asking price of €370,000 sits significantly above its fair value of €278,530, representing an overpricing of €91,470 (32.8%). This discrepancy suggests the property is not a sound investment at this price point.
Fair value modelled at €278,530 from 6 comparable sales in the area. Asking €370,000 sits €91,470 (32.8%) above — overpriced versus fair value.
Asking €370,000 versus the rua Agosto Azul area baseline of €243,707 (€3,165/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €243,707, adjusted for condition and micro-location, gives a modelled fair value of €278,530 (€3,617/m²), a €91,470 (32.8%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Agosto Azul | Subject | €370,000 | €4,805 | — | 74 | 71 |
| Portimão · 49b8f0 | Active | €255,000 | €4,722 | 1.7% | 75 | 81 |
| Portimão · 6eba2d | Active | €227,000 | €2,580 | 46.3% | 68 | 74 |
| urbanização Clube do Vau Vau | Active | €270,000 | €4,154 | 13.6% | 75 | 70 |
| avenida das Comunidades Lusíadas, 3 | Active | €195,000 | €4,063 | 15.5% | 71 | 67 |
| Median comp | €241,000 | €4,109 | 14.5% | 73 | 72 |
Short-term vacation rental The 2-bed apartment in Portimão is currently listed at €370,000, which represents a significant premium of 32.8% over its fair value of €278,530. Given the reliance on tourism in the Algarve and limited year-round residential demand, this property appears overpriced for short-term rental potential. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is not recommended, as it is priced 32.8% above its fair value of €278,530. This could result in reduced capital appreciation as the local tourism-centric economy may not support sustainable growth in property values. Long-term rental The long-term rental yields are currently around 4%, but with the property's listing at €370,000, significantly above fair value, the investment’s profitability is questionable. The combination of limited residential demand and high asking price indicates the property is overpriced for a long-term rental strategy.
Economic and Tenant Stability Risk The combined economic and tenant stability score of 65/100 indicates a moderate risk of fluctuations in property demand and potential rent collection issues.
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