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.
5-bedroom, 3-bathroom house of 327 m², built in 1994, energy rating E. Located on rua Cidade de Gôa, 1, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This property includes a wine cellar, serving as both an ideal space for wine aficionados and versatile storage, enhancing its appeal for social gatherings.
The valuation. The asking price of €685,000 is €85,220 (11.1%) below the fair value of €770,220, indicating that the property is underpriced. This presents an appealing opportunity for prospective buyers looking to invest in the market.
Fair value modelled at €770,220 from 6 comparable sales in the area. Asking €685,000 sits €85,220 (11.1%) below — the upside to fair value.
Asking €685,000 versus the rua Cidade de Gôa, 1 area baseline of €685,254 (€2,096/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €685,254, adjusted for condition and micro-location, gives a modelled fair value of €770,220 (€2,355/m²), a €85,220 (11.1%) gap versus the €685,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cidade de Gôa, 1 | Subject | €685,000 | €2,095 | — | 66 | 75 |
| Ferragudo · f14bce | Active | €700,000 | €2,800 | 33.7% | 62 | 74 |
| Portimão · 5ecf7a | Active | €375,000 | €2,287 | 9.2% | 62 | 75 |
| Portimão · 956a7a | Active | €725,000 | €948 | 54.8% | 74 | 72 |
| Estômbar e Parchal · 875161 | Active | €449,000 | €2,993 | 42.9% | 72 | 72 |
| Median comp | €574,500 | €2,544 | 21.4% | 67 | 73 |
Short-term vacation rental This property, listed at €685,000, presents an opportunity for a short-term vacation rental strategy as it is well-positioned in the Algarve, a popular tourist destination. With a gross yield of 4.6% and a fair value significantly higher at €770,220, it demonstrates potential for generating strong seasonal cash flow. Long-term rental The Portimão property is attractive for long-term rental given its favorable condition score of 70 out of 100 and solid neighborhood rating of 75 out of 100. This combination, along with a gap to fair value of 11.1%, indicates the potential for stable rental income within a desirable area. Buy-and-hold Investing in this property as a buy-and-hold strategy may be prudent, as it is currently valued below its fair market value by 11.1% and offers opportunities for appreciation in the robust Algarve market. The combination of a solid gross yield of 4.6% and favorable neighborhood qualities positions it well for long-term growth.
Economic and Tenant Stability Risk: With both economic stability and tenant stability scores at 75/100, there is a risk of moderate fluctuations in rental income due to potential economic downturns or tenant turnover.
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