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 92 m² on the 2nd floor, built in 1988, energy rating D. Located on largo de Gil Eanes, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes an enclosed balcony specifically designed for laundry use and a common rooftop terrace for shared outdoor enjoyment.
The valuation. The asking price of €282,000 is significantly above the fair value of €219,774, representing an overpricing of €62,226 (28.3%). This means the property does not present a convincing investment opportunity based on its true worth.
Fair value modelled at €219,774 from 6 comparable sales in the area. Asking €282,000 sits €62,226 (28.3%) above — overpriced versus fair value.
Asking €282,000 versus the largo de Gil Eanes area baseline of €204,513 (€2,223/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €204,513, adjusted for condition and micro-location, gives a modelled fair value of €219,774 (€2,389/m²), a €62,226 (28.3%) gap versus the €282,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo de Gil Eanes | Subject | €282,000 | €3,065 | — | 70 | 71 |
| rua do Moleiro, 3 | Active | €287,000 | €2,242 | 26.9% | 65 | 68 |
| estrada de Alvor | Active | €265,000 | €1,893 | 38.2% | — | 71 |
| rua Frederico Gonçalves | Active | €161,000 | €624 | 79.6% | — | 63 |
| Portimão · 25f918 | Active | €349,900 | €2,536 | 17.3% | 66 | 79 |
| Median comp | €276,000 | €2,068 | 32.5% | 66 | 70 |
Short-term vacation rental Given the property’s gross yield of 4.7% and its location in a tourist-centric area, this investment is appealing for vacation rental purposes despite its overpricing. However, the 28.3% gap from fair value indicates significant financial risks unless rental rates dramatically increase. Buy-and-hold While the coastal location offers good lifestyle amenities, the current listing price of €282,000 far exceeds the fair value of €219,774, making it an unattractive buy-and-hold investment. The overvaluation suggests that long-term appreciation may not compensate for the elevated initial investment. Family rental This property does benefit from decent neighborhood ratings, but at a price that is 28.3% higher than fair value, it may not perform well in securing stable family tenants. Overpricing could lead to challenges in maintaining occupancy and rental income in the long run.
Economic Vulnerability The property may face financial instability due to an economic stability score of 65, indicating potential challenges in maintaining consistent rental income.
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