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 158 m² on the 3rd floor, energy rating D. Located on rua do Oceano Atlântico, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a functional kitchen with high-quality appliances, a dedicated laundry room, and built-in wardrobes in all bedrooms for optimal space utilization.
The valuation. The asking price of €425,000 is positioned above the fair value of €406,707, showing a deviation of €18,293 (4.5%). This suggests the property is in a reasonably fair pricing range. Buy-to-flip angle. The resale strategy focuses on short-term vacation rentals due to the tourist-heavy location of Portimão, with a targeted price increase upon completion of minor renovations. Buy-to-let angle. The rental income strategy suggests a gross yield of 4.9%, estimating roughly €1,735 in monthly rental income, making it an attractive option for long-term investment in a tourist-driven economy.
Fair value modelled at €406,707 from 6 comparable sales in the area. Asking €425,000 sits €18,293 (4.5%) above — overpriced versus fair value.
Asking €425,000 versus the rua do Oceano Atlântico area baseline of €329,728 (€2,087/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 €329,728, adjusted for condition and micro-location, gives a modelled fair value of €406,707 (€2,574/m²), a €18,293 (4.5%) gap versus the €425,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Oceano Atlântico | Subject | €425,000 | €2,690 | — | 70 | 65 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 2.6% | 72 | 70 |
| largo de Gil Eanes | Active | €282,000 | €3,065 | 14.0% | 70 | 71 |
| rua Cerca do Colégio S / N | Active | €335,000 | €2,538 | 5.7% | 74 | 71 |
| Portimão · 190801 | Active | €385,000 | €2,567 | 4.6% | 70 | 69 |
| Median comp | €347,000 | €2,594 | 3.6% | 71 | 71 |
Short-term vacation rental The property’s location in a tourist-heavy region like Portimão suggests strong demand for short-term rentals, aligning well with its gross yield of 4.9%. However, given its fair market valuation, investors should remain cautious and ensure operational efficiencies to maximize returns in this competitive market. Buy-and-hold With a fair value of €406,707 and the property listed at €425,000, holding onto this asset may be prudent as the area benefits from a tourism-dependent economy providing steady rental income over time. Nevertheless, the property’s current valuation suggests limited room for price appreciation, making patience essential in a buy-and-hold strategy. Value-add renovation The apartment’s condition score of 73/100 indicates potential for improvement through renovation, which could elevate its appeal to tourists and increase rental rates. However, with its current price just 4.5% above fair value, any renovations should be strategically planned to ensure they positively impact the investment return without overspending.
Economic and Tenant Instability Risk The property has a combined economic and tenant stability score of 60/100, indicating a significant risk of fluctuating rental income and potential vacancies due to instability in both the local economy 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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