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 115 m² on the 12th floor, built in 2009, energy rating C. Located Portimão parish, Portimão municipality, Faro district. This apartment features a spacious balcony with a built-in barbecue, ideal for outdoor entertaining, and is situated just minutes away from the beach.
The valuation. The asking price of €375,000 is significantly above the fair value of €313,726, representing an overpricing of €61,274 or 19.5%. This indicates that the property is not a financially sound investment at its current listing. Buy-to-flip angle. The buy-to-flip strategy would focus on improving the apartment to increase resale value, taking advantage of Málaga's appeal. However, with current pricing being high, the potential profit margin is limited. Buy-to-let angle. Adopting a buy-to-let approach, anticipated rental income of approximately €1,063 per month offers a gross yield of 3.4%. While rentals are attractive in the tourist-heavy Algarve, the yield may not justify the high initial investment.
Fair value modelled at €313,726 from 6 comparable sales in the area. Asking €375,000 sits €61,274 (19.5%) above — overpriced versus fair value.
Asking €375,000 versus the Portimão, Portimão, Faro area baseline of €256,561 (€2,231/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €256,561, adjusted for condition and micro-location, gives a modelled fair value of €313,726 (€2,728/m²), a €61,274 (19.5%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1441a8 | Subject | €375,000 | €3,261 | — | 74 | 74 |
| Portimão · 6d53e6 | Active | €335,000 | €2,702 | 17.2% | 70 | 64 |
| rua Vale de Lagar, 21 | Active | €274,800 | €2,893 | 11.3% | 70 | 62 |
| Portimão · efdcb4 | Active | €375,000 | €2,778 | 14.8% | 74 | 72 |
| Portimão · 4681e2 | Active | €460,000 | €2,514 | 22.9% | 78 | 71 |
| Median comp | €355,000 | €2,740 | 16.0% | 72 | 68 |
Short-term vacation rental The property’s listing price of €375,000 indicates a notable gap of 19.5% from the fair value of €313,726, suggesting it is overpriced for the short-term vacation rental market. With a gross yield of 3.4%, the investment may struggle to provide competitive returns amidst the seasonality impacts driven by tourism in the Algarve. Long-term rental At a listing price of €375,000, this property is 19.5% above the calculated fair value of €313,726, indicating that it is overpriced for long-term rental strategies. Coupled with a decent condition rating of 78/100, it may attract tenants, but the low yield of 3.4% will likely limit potential profitability. Buy-and-hold This 2-bed apartment is listed at €375,000, reflecting a 19.5% premium over the fair value of €313,726 and categorizing it as overpriced for a buy-and-hold investment strategy. While the condition and neighbourhood ratings are relatively solid, the yield of 3.4% diminishes its attractiveness as a long-term asset given the high entry price.
Economic Vulnerability The economic stability score of 55/100 suggests a potential for adverse economic conditions, which could negatively impact rental income or 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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