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, 3-bathroom penthouse of 204 m² on the 4th floor, energy rating A+. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This penthouse offers a large wrap-around balcony ideal for entertaining, along with exclusive access to a private pool that enhances outdoor living experiences.
The valuation. The asking price of €959,000 sits just below the fair value of €975,530, representing a marginal difference of €16,530 (1.7%). This aligns with the verdict of fair, indicating an appropriate pricing strategy for the market.
Fair value modelled at €975,530 from 6 comparable sales in the area. Asking €959,000 sits €16,530 (1.7%) below — the upside to fair value.
Asking €959,000 versus the Portimão, Portimão, Faro area baseline of €806,974 (€3,956/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 90/100 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 €806,974, adjusted for condition and micro-location, gives a modelled fair value of €975,530 (€4,782/m²), a €16,530 (1.7%) gap versus the €959,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 86ca05 | Subject | €959,000 | €4,701 | — | 90 | 74 |
| Ferragudo · 28ba61 | Active | €2,500,000 | €29,070 | 518.4% | 85 | 74 |
| Portimão · dc150a | Active | €675,000 | €5,153 | 9.6% | 76 | 76 |
| Portimão · 82c82c | Active | €540,000 | €3,273 | 30.4% | 73 | 73 |
| rua da Vila Rosa S / N | Active | €647,000 | €5,882 | 25.1% | 80 | 74 |
| Median comp | €661,000 | €5,518 | 17.4% | 78 | 74 |
Short-term vacation rental This property in Portimão presents a fair investment opportunity with a gross yield of 2.3%, making it appropriate for the short-term rental market, especially given the area's strong tourism appeal. The gap to fair value is minimal at 1.7%, suggesting that it aligns closely with prevailing market conditions for such rentals. Long-term rental Although the property is priced fairly at €959,000 and holds a condition score of 90/100, the yield of 2.3% indicates limited cash flow potential for long-term leasing. The neighbourhood rating of 74/100 supports reasonable tenant quality, but the modest yield suggests the rental returns may not be particularly compelling. Buy-and-hold Investing in this penthouse unit can be justified due to its fair valuation of €959,000 and solid condition score, supporting a stable hold strategy. However, with a yield of only 2.3%, the potential for significant long-term capital appreciation may be limited, particularly in a tourist-dependent economy. Not ideal for The property is not suitable for student housing due to its location and price point, which may not appeal to that demographic. Additionally, pursuing value-add renovations isn't advisable given its high condition score, and the property does not align well with luxury market expectations given its fair market standing.
Economic vulnerability With an economic stability score of 65/100, there is a risk that economic fluctuations could impact the property’s performance and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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