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 48 m², built in 1982, energy rating F. Located on rua dos Lusíadas S / N, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This modern apartment features high-quality finishes and offers a pleasant view of the Arade River and Portimão Marina from its east-facing windows.
The valuation. The asking price of €239,000 sits significantly above the fair value of €181,136, reflecting a discrepancy of €57,864 or 31.9%. Therefore, the property is considered overpriced.
Fair value modelled at €181,136 from 6 comparable sales in the area. Asking €239,000 sits €57,864 (31.9%) above — overpriced versus fair value.
Asking €239,000 versus the rua dos Lusíadas S / N area baseline of €154,515 (€3,219/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €154,515, adjusted for condition and micro-location, gives a modelled fair value of €181,136 (€3,774/m²), a €57,864 (31.9%) gap versus the €239,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Lusíadas S / N | Subject | €239,000 | €4,979 | — | 82 | 75 |
| Portimão · 49b8f0 | Active | €255,000 | €4,722 | 5.2% | 75 | 81 |
| rua Agosto Azul | Active | €370,000 | €4,805 | 3.5% | 74 | 71 |
| Portimão · dc1466 | Active | €310,000 | €3,131 | 37.1% | 78 | 74 |
| avenida das Comunidades Lusíadas, 3 | Active | €195,000 | €4,063 | 18.4% | 71 | 67 |
| Median comp | €282,500 | €4,393 | 11.8% | 75 | 73 |
Short-term vacation rental The 2-bed apartment in Portimão is currently listed at €239,000, which is 31.9% above the assessed fair value of €181,136. Given its location near the Algarve coast, the property may seem appealing for vacation rentals, but its overpriced status suggests lower potential for yield against the competitive market. Buy-and-hold Investing in this property as a buy-and-hold strategy appears challenging, as it is listed at €239,000, significantly higher than the fair value of €181,136. The 4.1% gross yield does not adequately compensate for this overvaluation, indicating long-term gains could be hindered. Long-term rental Although the location attracts tourists, the current listing price of €239,000 exceeds the fair value of €181,136 by 31.9%, marking the property as overpriced. Coupled with a 4.1% gross yield, the investment may not offer sufficient returns for a long-term rental commitment in a competitive market.
Economic Market Sensitivity The economic stability score of 70/100 indicates a moderate risk of fluctuations that could impact rental income and property value, particularly in economic downturns.
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