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 61 m² on the 6th floor, built in 1989, energy rating C. Located on avenida das Comunidades Lusíadas, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes access to a game room and 24-hour security, enhancing both leisure and safety for residents and guests alike.
The valuation. The asking price of €365,000 sits significantly above the fair value of €224,292, representing an overvaluation of €140,708 (62.7%). This pricing indicates that the property is overpriced in the current market.
Fair value modelled at €224,292 from 6 comparable sales in the area. Asking €365,000 sits €140,708 (62.7%) above — overpriced versus fair value.
Asking €365,000 versus the avenida das Comunidades Lusíadas area baseline of €187,190 (€3,069/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €187,190, adjusted for condition and micro-location, gives a modelled fair value of €224,292 (€3,677/m²), a €140,708 (62.7%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida das Comunidades Lusíadas | Subject | €365,000 | €5,984 | — | 80 | 64 |
| Portimão · 23f30d | Active | €349,000 | €4,256 | 28.9% | 75 | 75 |
| rua da Raminha, 25 | Active | €308,000 | €3,385 | 43.4% | 75 | 74 |
| rua dos Três Castelos | Active | €548,000 | €6,447 | 7.7% | 78 | 72 |
| avenida São Lourenço da Barrosa, 205 | Active | €325,000 | €3,963 | 33.8% | 78 | 72 |
| Median comp | €337,000 | €4,110 | 31.3% | 77 | 73 |
Long-term rental The 2-bed apartment is priced at €365,000, which is 62.7% above its fair value of €224,292, indicating that it is overpriced in the long-term rental market. With a gross yield of only 3.5% and a neighborhood score of 64/100, the potential for consistent returns appears limited. Short-term vacation rental At €365,000, the property is overpriced by 62.7% compared to its fair value of €224,292, making it a less attractive option for short-term vacation rentals. The current condition rating of 78/100 suggests potential maintenance issues that could deter guests and impact profitability. Buy-and-hold The buy-and-hold strategy for this apartment may not be advisable due to its overpriced status at €365,000, which is significantly above its fair value of €224,292. The modest gross yield of 3.5% does not justify the investment, as the gap to fair value presents a significant risk of capital loss over time.
Economic Vulnerability The economic stability score of 55/100 indicates potential challenges in the market, which could result in decreased demand or rent volatility for the property.
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