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, 2-bathroom apartment of 127 m² on the 3rd floor, built in 1990, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes private sea-view balconies, enhancing outdoor living spaces and providing a refreshing coastal atmosphere just steps from Três Castelos Beach.
The valuation. The asking price of €375,000 sits above the fair value of €352,390 by €22,610 (6.4%). The valuation verdict is fair, indicating a reasonable alignment with the market expectations despite a slight premium over fair value.
Fair value modelled at €352,390 from 6 comparable sales in the area. Asking €375,000 sits €22,610 (6.4%) above — overpriced versus fair value.
Asking €375,000 versus the Portimão, Portimão, Faro area baseline of €320,751 (€2,526/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing 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 €320,751, adjusted for condition and micro-location, gives a modelled fair value of €352,390 (€2,775/m²), a €22,610 (6.4%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 3a7487 | Subject | €375,000 | €2,953 | — | 65 | 68 |
| Portimão · 4a4244 | Active | €475,000 | €2,582 | 12.6% | 70 | 68 |
| urbanização Mar e Serra, 35 | Active | €349,000 | €3,035 | 2.8% | 63 | 70 |
| rua do Alto do Pacheco, 5 | Active | €350,000 | €2,692 | 8.8% | 60 | 74 |
| Portimão · 4a4442 | Active | €345,000 | €3,108 | 5.3% | — | 74 |
| Median comp | €349,500 | €2,864 | 3.0% | 63 | 72 |
Short-term vacation rental The property displays a modest 4% gross yield, which aligns with fair market expectations for short-term rentals in the Algarve region. However, given its fair valuation, the potential for significant appreciation in vacation rental income may be limited in the near future. Long-term rental With a fair value assessment, the 4% gross yield indicates adequate rental income, but the property may not offer substantial growth potential relative to the overall market. Its decent condition and neighborhood rating support steady demand, yet the investment lacks an edge for substantial long-term appreciation. Buy-and-hold As a buy-and-hold investment, this property is fairly valued and offers a reliable income stream through long-term rentals. The 4% yield suggests a stable return; however, the absence of a noticeable gap below fair value signifies that investors may need to exercise caution regarding future appreciation expectations.
Economic Vulnerability The property faces a risk due to both economic and tenant stability scores of only 65/100, indicating potential challenges in attracting and retaining tenants during economic downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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