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 154 m² on the 4th floor, built in 1988, energy rating C. Located on rua Projectada À Caldeira do Moinho, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: Situated on a quiet street, the apartment benefits from stunning countryside and mountain views visible from its spacious balcony.
The valuation. The asking price of €295,000 is significantly below the fair value of €371,604, suggesting the property is subvalued by €76,604 (20.6%). This discrepancy presents a favorable opportunity for investors seeking equity growth.
Fair value modelled at €371,604 from 6 comparable sales in the area. Asking €295,000 sits €76,604 (20.6%) below — the upside to fair value.
Asking €295,000 versus the rua Projectada À Caldeira do Moinho area baseline of €326,264 (€2,119/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €326,264, adjusted for condition and micro-location, gives a modelled fair value of €371,604 (€2,413/m²), a €76,604 (20.6%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Projectada À Caldeira do Moinho | Subject | €295,000 | €1,916 | — | 70 | 69 |
| largo de Gil Eanes, 2 | Active | €299,000 | €2,354 | 22.9% | 72 | 73 |
| Portimão · 6229aa | Active | €446,000 | €1,646 | 14.1% | 72 | 63 |
| rua Frederico Gonçalves | Active | €161,000 | €624 | 67.4% | — | 63 |
| Portimão · 652ff9 | Active | €295,000 | €3,105 | 62.1% | 65 | 70 |
| Median comp | €297,000 | €2,000 | 4.4% | 72 | 67 |
Short-term vacation rental The property in Portimão is well-positioned for the short-term vacation rental market, leveraging the region's tourist-driven economy which bolsters rental demand. With a yield of 5% gross, this investment presents an attractive opportunity to capitalize on seasonal tourism influxes. Buy-and-hold Investing in this 3-bed apartment allows for potential long-term appreciation, especially considering the 20.6% gap to fair value of €371,604. The relatively stable real estate market, combined with the decent neighborhood ratings, makes it a compelling buy-and-hold opportunity. Value-add renovation With the property showcasing a condition score of 72/100, there is room for strategic renovations that can enhance value and increase rental income. This approach can effectively bridge the existing disparity from fair value, especially in a neighborhood rated 69/100, positioning it for improved market performance.
Economic Sensitivity The property faces a risk due to a moderate economic stability score of 60/100, indicating potential vulnerability to economic downturns that could affect rental income. Tenant Instability With a tenant stability score of 65/100, there is a risk of tenant turnover, which could increase vacancy rates and associated costs.
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