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 108 m² on the 5th floor, built in 2005, energy rating D. Located on rua da Pedra, 9, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a spacious balcony accessible from the master bedroom, offering an unobstructed view over the city of Portimão, perfect for relaxation and outdoor enjoyment.
The valuation. The asking price of €320,000 is positioned slightly below the fair value of €321,429, indicating that it is valued fairly with a minimal difference of €1,429 (0.4%). Buy-to-flip angle. A buy-to-flip strategy could leverage the property’s decent condition and quality materials, targeting resale at a profit in the Algarve's competitive market. Buy-to-let angle. As a rental investment, the estimated gross yield of 3.1% translates to around €827 per month, making it a viable option for long-term and short-term vacation rentals in a desirable tourist area.
Fair value modelled at €321,429 from 6 comparable sales in the area. Asking €320,000 sits €1,429 (0.4%) below — the upside to fair value.
Asking €320,000 versus the rua da Pedra, 9 area baseline of €294,890 (€2,730/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €294,890, adjusted for condition and micro-location, gives a modelled fair value of €321,429 (€2,976/m²), a €1,429 (0.4%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Pedra, 9 | Subject | €320,000 | €2,963 | — | 70 | 72 |
| Alvor · 622808 | Active | €140,000 | €3,256 | 9.9% | 78 | 60 |
| Portimão · f46d35 | Active | €260,000 | €2,857 | 3.6% | 74 | 73 |
| Portimão · 6227b5 | Active | €260,000 | €3,095 | 4.5% | 72 | 70 |
| Portimão · 3d9899 | Active | €235,000 | €2,611 | 11.9% | 70 | 71 |
| Median comp | €247,500 | €2,976 | 0.4% | 73 | 71 |
Short-term vacation rental This property offers limited potential for short-term vacation rentals, as its yield of 3.1% gross does not provide strong returns in comparison to other investment opportunities in the Algarve region. Given that the property is fairly priced at €320,000, investors may find better options in more lucrative markets. Long-term rental With a gross yield of 3.1%, this property aligns with market expectations for long-term rentals in Portimão but does not significantly outperform the general market. The fair valuation of €320,000 indicates a modest income potential that may not justify the investment compared to other opportunities. Buy-and-hold Opting for a buy-and-hold strategy may not be optimal for this property, as its fair value of €320,000 suggests limited appreciation potential in the current economic climate. Investors should consider alternative properties that provide a stronger growth trajectory given the current market dynamics.
Moderate Economic Risk The economic stability score of 65/100 indicates a moderate risk of economic downturn affecting tenancy rates and property performance, while a tenant stability score of 70/100 suggests a relatively stable rental income but not immune to fluctuations.
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