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 126 m² on the 2nd floor, built in 2008. Located on rua Francisco Alvo, 3, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment features built-in sound speakers in all rooms and has three balconies that enhance outdoor living and provide additional natural light.**
The valuation. The asking price of €380,000 sits €53,212 (16.3%) above the fair value of €326,788, indicating the property is overpriced. This makes it a less attractive investment option compared to similar properties in the area.
Fair value modelled at €326,788 from 6 comparable sales in the area. Asking €380,000 sits €53,212 (16.3%) above — overpriced versus fair value.
Asking €380,000 versus the rua Francisco Alvo, 3 area baseline of €273,759 (€2,173/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €273,759, adjusted for condition and micro-location, gives a modelled fair value of €326,788 (€2,594/m²), a €53,212 (16.3%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Francisco Alvo, 3 | Subject | €380,000 | €3,016 | — | 74 | 69 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 13.1% | 72 | 70 |
| rua do Oceano Atlântico | Active | €425,000 | €2,690 | 10.8% | 70 | 65 |
| rua dos Cravos, 7A | Active | €350,000 | €2,273 | 24.6% | 72 | 73 |
| Portimão · 190801 | Active | €385,000 | €2,567 | 14.9% | 70 | 69 |
| Median comp | €372,000 | €2,594 | 14.0% | 71 | 70 |
Short-term vacation rental The 3-bed apartment in Portimão, currently listed at €380,000, is overpriced by 16.3% compared to its fair value of €326,788, which suggests a limited potential for short-term rental returns. With a gross yield of only 3.4%, this property may not be attractive to investors seeking high-revenue vacation rental opportunities in the competitive Algarve market. Buy-and-hold Investing in this property as a buy-and-hold strategy appears unfavorable due to the 16.3% gap from its fair value, indicating it may struggle to appreciate adequately over time. Additionally, its moderate neighbourhood ratings do not provide a strong foundation for long-term value growth, further questioning the viability of this strategy. Long-term rental The current pricing of the apartment suggests a challenging outlook for long-term rental returns, particularly with a gross yield of 3.4% and the property being 16.3% above its fair value. The neighbourhood’s lower ratings also raise concerns about tenant quality and demand, making this an uninviting option for long-term investment. Not ideal for: Student housing, Luxury market, Value-add renovation
Economic Vulnerability The property is at risk due to an economic stability score of 65, indicating potential volatility in market conditions that could affect rental income and property value. Tenant Instability A tenant stability score of 65 suggests that there may be challenges in retaining tenants, leading to potential vacancies and loss of income.
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