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, 2-bathroom apartment of 127 m², energy rating C. Located on largo de Gil Eanes, 2, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: Enjoy a spacious south-facing balcony with unobstructed views over the garden and city, enhancing outdoor living in a tranquil yet central environment.
The valuation. The asking price of €299,000 sits €12,104 (3.9%) below the fair value of €311,104, indicating a fair pricing position for this property. Buy-to-flip angle. The potential resale strategy focuses on making minor updates to enhance appeal, aiming for a quicker turnover in the tourist-driven Algarve market. Buy-to-let angle. A rental income strategy targeting short-term vacation rentals estimates gross yields at approximately 3.9%, generating around €972 monthly, making it an attractive investment in a popular tourist region.
Fair value modelled at €311,104 from 6 comparable sales in the area. Asking €299,000 sits €12,104 (3.9%) below — the upside to fair value.
Asking €299,000 versus the largo de Gil Eanes, 2 area baseline of €287,884 (€2,267/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 €287,884, adjusted for condition and micro-location, gives a modelled fair value of €311,104 (€2,450/m²), a €12,104 (3.9%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo de Gil Eanes, 2 | Subject | €299,000 | €2,354 | — | 72 | 73 |
| rua Frederico Gonçalves | Active | €161,000 | €624 | 73.5% | — | 63 |
| Portimão · ade5f8 | Active | €161,000 | €2,300 | 2.3% | — | 69 |
| rua do Operário, 2B | Active | €248,000 | €2,318 | 1.6% | 53 | 78 |
| Portimão · 652ff9 | Active | €295,000 | €3,105 | 31.9% | 65 | 70 |
| Median comp | €204,500 | €2,309 | 1.9% | 59 | 70 |
Short-term vacation rental The property has a gross yield of 3.9%, which aligns with the demand for short-term rentals in the tourist-driven Algarve region. With a fair condition rating of 68, it is suitable for vacationers seeking a comfortable stay in Portimão. Buy-and-hold The apartment's fair value of €311,104 indicates it is appropriately priced, offering moderate appreciation potential over time. With a stable yield of 3.9%, it can generate reliable income while benefiting from long-term capital growth. Family rental Given the neighbourhood's decent rating of 73 and the property’s adequate size for families, it presents a reasonable option for family rentals. While priced fairly, its overall condition suggests some potential for light renovations to attract higher quality tenants.
Economic Dependence Risk The property's economic stability score of 65 indicates a moderate risk of economic downturns affecting revenue streams, especially if tenant stability falters at a 70 score.
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