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, 2-bathroom apartment of 137 m², built in 2002, energy rating C. Located Portimão parish, Portimão municipality, Faro district. This apartment features unique wall treatments that enhance its character and generous natural light, creating a bright and inviting atmosphere throughout the living spaces.
The valuation. The asking price of €359,000 is positioned €27,802 (7.2%) below the fair value of €386,802. This places the property at a competitive value, supporting a fair assessment for potential investors.
Fair value modelled at €386,802 from 6 comparable sales in the area. Asking €359,000 sits €27,802 (7.2%) below — the upside to fair value.
Asking €359,000 versus the Portimão, Portimão, Faro area baseline of €331,145 (€2,417/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 €331,145, adjusted for condition and micro-location, gives a modelled fair value of €386,802 (€2,823/m²), a €27,802 (7.2%) gap versus the €359,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · f46ab5 | Subject | €359,000 | €2,620 | — | 72 | 70 |
| rua dos Cravos, 7A | Active | €350,000 | €2,273 | 13.3% | 72 | 73 |
| Portimão · 652ff9 | Active | €295,000 | €3,105 | 18.5% | 65 | 70 |
| largo de Gil Eanes | Active | €282,000 | €3,065 | 17.0% | 70 | 71 |
| Portimão · 25f918 | Active | €349,900 | €2,536 | 3.2% | 66 | 79 |
| Median comp | €322,450 | €2,801 | 6.9% | 68 | 72 |
Short-term vacation rental The property is positioned in a tourist hotspot, which can attract short-term vacation renters, but its current gross yield of 3.8% indicates it may not maximize rental income potential for investors. With a fair value just above the listing price, it does not represent a compelling opportunity for aggressive vacation rental investors seeking higher yield. Long-term rental While the apartment offers a fair value close to the listing, its gross yield of 3.8% suggests limited income generation potential in the long-term rental market. The condition of the property scores 76/100, which may appeal to longer-term tenants; however, the overall yield implies it is not the most lucrative option. Buy-and-hold Given its fair valuation at €359,000, this property could be considered suitable for a buy-and-hold strategy, but the low yield of 3.8% may limit capital appreciation. The solid condition rating of 76/100 indicates a relatively low maintenance concern, yet the slow liquidity typical of the neighborhood may dampen growth expectations over the long term. Not ideal for: Student housing The property’s location and amenities cater more to tourists than students, making it a less viable option for student housing. The overall market dynamics and seasonal nature of tourism reduce its potential as a stable rental for the student demographic. Not ideal for: Luxury market Given the property’s fair value status and the existing neighborhood conditions, it does not meet the luxury market expectations. Its appeal lies in its practicality rather than luxury, limiting its attractiveness to high-end buyers or renters.
Economic Vulnerability The property faces a risk due to its moderately low economic stability score of 65/100, which could lead to fluctuations in tenant demand and rental prices.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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