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 95 m² on the 3rd floor, built in 2007, energy rating C. Located Portimão parish, Portimão municipality, Faro district. This apartment offers unobstructed panoramic views of the sea and countryside from every room, enhancing the living experience with abundant natural light and privacy due to its elevated position.
The valuation. The asking price of €295,000 is significantly above the fair value of €236,218, indicating an overpricing of €58,782 (24.9%). This suggests the property may not present a compelling investment opportunity. Buy-to-flip angle. A short-term renovation aimed at enhancing the apartment's finishes could allow for a resale target price well above the current asking, leveraging the Algarve's vibrant tourism market to maximize profits. Buy-to-let angle. With an estimated gross yield of 3.3% and monthly rental potential of €811, the property could serve as a stable, long-term investment in the growing Algarve rental market, particularly targeting vacationers.
Fair value modelled at €236,218 from 6 comparable sales in the area. Asking €295,000 sits €58,782 (24.9%) above — overpriced versus fair value.
Asking €295,000 versus the Portimão, Portimão, Faro area baseline of €276,155 (€2,907/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €276,155, adjusted for condition and micro-location, gives a modelled fair value of €236,218 (€2,487/m²), a €58,782 (24.9%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 652ff9 | Subject | €295,000 | €3,105 | — | 65 | 70 |
| largo de Gil Eanes | Active | €282,000 | €3,065 | 1.3% | 70 | 71 |
| Portimão · 43921c | Active | €290,000 | €2,959 | 4.7% | 70 | 62 |
| Portimão · b32ba4 | Active | €312,000 | €2,438 | 21.5% | 72 | 80 |
| rua do Moleiro, 3 | Active | €287,000 | €2,242 | 27.8% | 65 | 68 |
| Median comp | €288,500 | €2,699 | 13.1% | 70 | 70 |
Short-term vacation rental The property's pricing of €295,000, exceeding the fair value by 24.9%, suggests an inflated market condition that could hinder the financial performance of a short-term vacation rental strategy. Given the 3.3% gross yield and the property’s location in tourism-driven Algarve, the potential income may not justify the investment given the current overpricing. Buy-and-hold Investing in this property as a long-term buy-and-hold strategy is not advisable due to its overpriced valuation which indicates a significant gap from fair value that could diminish future returns. A gross yield of just 3.3% in combination with a fair value being significantly lower suggests that holding this asset for appreciation may yield disappointing results. Family rental While the property is situated in a location with good amenities, the overvaluation at €295,000 creates a challenge for its appeal as a family rental. With a fair value gap of 24.9% and a fair condition rating of 66/100, the market price may deter potential long-term tenants seeking affordable housing options in Portimão.
Economic Vulnerability The property's economic stability score of 65/100 indicates potential challenges in market conditions, which could impact tenant demand and rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
