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, 1-bathroom apartment of 91 m² on the 1st floor, built in 1989, energy rating C. Located Portimão parish, Portimão municipality, Faro district. The apartment features two spacious balconies, one converted into a laundry room, enhancing functionality and outdoor living space in a gated community with amenities.
The valuation. The asking price of €260,000 is €29,294 below the fair value of €289,294, indicating that the property is subvalued by approximately 10.1%. This presents a compelling purchase opportunity. Buy-to-flip angle. A successful resale strategy could involve a targeted renovation to enhance appeal, potentially attracting buyers in a growing market. Anticipating a sales price positioned above €300,000 could yield a substantial profit. Buy-to-let angle. With an estimated rental income of €975/month, the gross yield stands at 4.5%. This investment aligns well with long-term rental strategies, especially given the proximity to tourist hotspots.
Fair value modelled at €289,294 from 6 comparable sales in the area. Asking €260,000 sits €29,294 (10.1%) below — the upside to fair value.
Asking €260,000 versus the Portimão, Portimão, Faro area baseline of €243,529 (€2,676/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €243,529, adjusted for condition and micro-location, gives a modelled fair value of €289,294 (€3,179/m²), a €29,294 (10.1%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · f46d35 | Subject | €260,000 | €2,857 | — | 74 | 73 |
| Alvor · 622808 | Active | €140,000 | €3,256 | 14.0% | 78 | 60 |
| Portimão · 6227b5 | Active | €260,000 | €3,095 | 8.3% | 72 | 70 |
| Portimão · 4a4244 | Active | €475,000 | €2,582 | 9.6% | 70 | 68 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 34.7% | 78 | 68 |
| Median comp | €262,750 | €3,176 | 11.1% | 75 | 68 |
Long-term rental The 2-bed apartment in Portimão, set at €260,000, represents an attractive opportunity with a fair value of €289,294, reflecting a gap of 10.1%. With a gross yield of 4.5%, it provides a solid return potential amidst a tourist-driven housing demand. Short-term vacation rental Given the proximity to Praia da Luz, this property can cater effectively to the seasonal influx of tourists, aligning with the demand for short-term vacation rentals. The reasonable gap to its fair value suggests a balance between purchase cost and potential income generation during peak seasons. Buy-and-hold Acquiring this apartment for a buy-and-hold strategy could yield a favorable long-term appreciation, supported by the ongoing tourist demand in the Algarve region. The manageable condition rating of 75/100 reflects that initial renovations may be limited, ensuring stability in value retention over time.
Economic Volatility Risk With an economic stability score of 65/100, there is a notable risk of fluctuations in the local economy affecting property value and rental income stability.
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