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, 1-bathroom apartment of 100 m² on the 1st floor, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: This apartment includes a habitable basement with its own kitchen and bathroom, offering significant potential for rental income in a sought-after location overlooking the Arade River.
The valuation. The asking price of €325,000 is significantly above the fair value of €236,312, resulting in an inflated premium of €88,688 (37.5%). The property is considered overpriced. Buy-to-flip angle. A buy-to-flip strategy could yield profits by renovating and reselling the apartment, targeting the lucrative tourist market in the Algarve. Buy-to-let angle. With an estimated rental income of €1,165/month, the property offers a gross yield of 4.3%. This makes it potentially attractive for long-term tenants in a popular tourist destination.
Fair value modelled at €236,312 from 6 comparable sales in the area. Asking €325,000 sits €88,688 (37.5%) above — overpriced versus fair value.
Asking €325,000 versus the Portimão, Portimão, Faro area baseline of €187,876 (€1,879/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 above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €187,876, adjusted for condition and micro-location, gives a modelled fair value of €236,312 (€2,363/m²), a €88,688 (37.5%) gap versus the €325,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 6228d7 | Subject | €325,000 | €3,250 | — | 72 | 73 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 18.4% | 78 | 68 |
| rua do Moleiro, 3 | Active | €287,000 | €2,242 | 31.0% | 65 | 68 |
| Portimão · b32ba4 | Active | €312,000 | €2,438 | 25.0% | 72 | 80 |
| rua dos Cravos, 7A | Active | €350,000 | €2,273 | 30.1% | 72 | 73 |
| Median comp | €299,500 | €2,356 | 27.5% | 72 | 71 |
Short-term vacation rental This property is overpriced at €325,000 compared to its fair value of €236,312, potentially limiting its profitability in the highly competitive vacation rental market in the Algarve. The expected gross yield of 4.3% may not sufficiently compensate for the 37.5% gap from fair value, making it a risky investment for this strategy. Long-term rental With a fair value of €236,312, the current listing price of €325,000 indicates an overpriced position that might deter prospective long-term tenants due to higher rental expectations. Although the property scores 76/100 in condition and 73/100 in neighborhood quality, the lack of a compelling pricing advantage makes this strategy less appealing. Buy-and-hold The buy-and-hold strategy is challenging for this overpriced property, as the €325,000 asking price exceeds the fair value significantly, limiting intrinsic value growth potential. Additionally, while the local economic environment supports property investments, the notable 37.5% discrepancy from fair value raises concerns about future appreciation in the property’s worth.
Economic vulnerability With an economic stability score of 65/100, there is a medium risk that downturns could impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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