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 84 m² on the 3rd floor, built in 1980, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features a spacious balcony ideal for outdoor relaxation and is located within walking distance to the Aqua shopping center, enhancing its urban appeal.
The valuation. The asking price of €260,000 sits €26,339 (11.3%) above the fair value of €233,661, indicating that the property is overpriced. This discrepancy suggests a cautious approach for potential investors.
Fair value modelled at €233,661 from 6 comparable sales in the area. Asking €260,000 sits €26,339 (11.3%) above — overpriced versus fair value.
Asking €260,000 versus the Portimão, Portimão, Faro area baseline of €228,347 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting 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 €228,347, adjusted for condition and micro-location, gives a modelled fair value of €233,661 (€2,782/m²), a €26,339 (11.3%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 6227b5 | Subject | €260,000 | €3,095 | — | 72 | 70 |
| Portimão · 43921c | Active | €290,000 | €2,959 | 4.4% | 70 | 62 |
| largo de Gil Eanes | Active | €282,000 | €3,065 | 1.0% | 70 | 71 |
| rua Frederico Gonçalves | Active | €161,000 | €624 | 79.8% | — | 63 |
| rua Dom José I, 73C | Active | €250,000 | €2,604 | 15.9% | 70 | 71 |
| Median comp | €266,000 | €2,782 | 10.1% | 70 | 67 |
Short-term vacation rental Given the property is overpriced by 11.3%, it poses challenges for achieving competitive occupancy rates in a tourist-focused area like Algarve. While the gross yield of 4.5% may seem attractive, the high entry price diminishes potential returns for short-term rental investments. Buy-and-hold At €260,000, the property exceeds its fair value of €233,661, making long-term capital appreciation less appealing in a market with seasonal employment patterns. The current condition score of 76/100 indicates maintenance is needed, which may lead to unanticipated costs for a buy-and-hold strategy in the future.
Tenant turnover risk The tenant stability score of 70/100, while reasonable, indicates there may still be a moderate turnover, potentially leading to fluctuating income and increased vacancy periods.
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