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 135 m² on the 1st floor, built in 1990, energy rating C. Located Portimão parish, Portimão municipality, Faro district. *Noteworthy Features:* This apartment includes a secure underground parking space and is just a short walking distance from both Vau beach and the prestigious Alto Golf clubhouse.
The valuation. The asking price of €375,000 sits just €576 (0.2%) above the fair value of €374,424, indicating that the property is fairly priced based on current market conditions. This balance suggests a stable investment opportunity.
Fair value modelled at €374,424 from 6 comparable sales in the area. Asking €375,000 sits €576 (0.2%) above — overpriced versus fair value.
Asking €375,000 versus the Portimão, Portimão, Faro area baseline of €307,328 (€2,277/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €307,328, adjusted for condition and micro-location, gives a modelled fair value of €374,424 (€2,774/m²), a €576 (0.2%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · efdcb4 | Subject | €375,000 | €2,778 | — | 74 | 72 |
| Portimão · 3a7487 | Active | €375,000 | €2,953 | 6.3% | 65 | 68 |
| Portimão · 4a4244 | Active | €475,000 | €2,582 | 7.1% | 70 | 68 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 5.7% | 72 | 70 |
| rua do Oceano Atlântico | Active | €425,000 | €2,690 | 3.2% | 70 | 65 |
| Median comp | €400,000 | €2,655 | 4.4% | 70 | 68 |
Short-term vacation rental This property, with a gross yield of 4.6%, aligns well with the tourist-driven demand typical in the Algarve region. However, given its fair valuation status, retiring it to seasonal rentals might not maximize profit margins. Buy-and-hold Acquiring this apartment at its fair value of €375,000 allows for steady appreciation driven by seasonal demand in Portimão. The property benefits from a reasonably good condition rating of 76/100, making it suitable for long-term ownership without immediate need for extensive maintenance. Value-add renovation While the apartment is in acceptable condition, the potential for enhancements could allow for increased value creation, although the current fair valuation puts immediate renovation returns in question. A slight investment in upgrades may improve both the property's condition and rental appeal, but market dynamics suggest focusing on yield optimization is essential first. Not ideal for: Student housing, Luxury market, Long-term rental
[Moderate Economic Risk] The economic stability score of 65 indicates potential vulnerabilities in the local market, which may affect long-term rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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