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 141 m² on the 3rd floor, energy rating A. Located Portimão parish, Portimão municipality, Faro district. Notable Feature: The spacious balcony offers an ideal outdoor area to enjoy the Algarve climate and features additional access from the master bedroom, enhancing convenience and comfort.
The valuation. The asking price of €622,000 is significantly above fair value, which is assessed at €525,377, representing an overpricing of €96,623 (18.4%). This property does not present a compelling financial opportunity. Buy-to-flip angle. With an estimated renovation cost that could increase value, a buy-to-flip strategy may yield a modest profit, although current overpricing raises significant risk in achieving a desirable resale price. Buy-to-let angle. The anticipated gross yield of 1.9%, translating to roughly €985 per month, indicates a low rental income potential, challenging the viability of a long-term buy-and-hold investment in this property.
Fair value modelled at €525,377 from 6 comparable sales in the area. Asking €622,000 sits €96,623 (18.4%) above — overpriced versus fair value.
Asking €622,000 versus the Portimão, Portimão, Faro area baseline of €531,001 (€3,766/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €531,001, adjusted for condition and micro-location, gives a modelled fair value of €525,377 (€3,726/m²), a €96,623 (18.4%) gap versus the €622,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 833eef | Subject | €622,000 | €4,411 | — | 78 | 65 |
| Portimão · 4d4699 | Active | €400,000 | €3,774 | 14.5% | — | 66 |
| Portimão · 99f185 | Active | €515,000 | €3,679 | 16.6% | 75 | 78 |
| Portimão · a8edf2 | Active | €395,000 | €4,938 | 11.9% | 82 | 81 |
| praceta da Borralha | Active | €335,000 | €2,638 | 40.2% | 68 | 73 |
| Median comp | €397,500 | €3,727 | 15.5% | 75 | 76 |
Short-term vacation rental This property, with a gross yield of only 1.9%, may struggle to generate sufficient returns in the competitive Algarve market, especially with an 18.4% gap over its fair value. Seasonality in tourism could further pressure revenue, making this an unattractive short-term investment. Buy-and-hold Holding this property may lead to limited appreciation potential, particularly given its overvaluation of 18.4% compared to fair value. The moderate condition rating of 79/100 and neighborhood score of 65/100 also indicate that long-term value growth may be constrained. Family rental While family rentals can provide steady income, this property’s current price significantly exceeds fair value, leading to an unattractive entry point for long-term tenants. With a low gross yield of 1.9% and a neighborhood score of 65/100, potential cash flow won't justify the investment risk. Not ideal for: Student housing, Luxury market
Economic Vulnerability The property faces a risk due to a moderate economic stability score of 55/100, indicating potential economic fluctuations that could impact tenant retention and rents. Insegurança Económica A propriedade enfrenta um risco devido a uma pontuação de estabilidade económica moderada de 55/100, indicando flutuações económicas potenciais que podem impactar a retenção de inquilinos e rendas.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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