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.
4-bedroom, 2-bathroom apartment of 132 m² on the 1st floor, built in 1988, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a sunroom and a pleasant terrace, enhancing its appeal for outdoor leisure activities and relaxation right in the heart of Portimão.
The valuation. The asking price of €379,500 is above the fair value of €350,481, by €29,019 (8.3%). However, with quality finishes and a solid location, this property can still be considered fairly priced given current market dynamics.
Fair value modelled at €350,481 from 6 comparable sales in the area. Asking €379,500 sits €29,019 (8.3%) above — overpriced versus fair value.
Asking €379,500 versus the Portimão, Portimão, Faro area baseline of €295,223 (€2,237/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 €295,223, adjusted for condition and micro-location, gives a modelled fair value of €350,481 (€2,655/m²), a €29,019 (8.3%) gap versus the €379,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1441c5 | Subject | €379,500 | €2,875 | — | 74 | 69 |
| Portimão · 190801 | Active | €385,000 | €2,567 | 10.7% | 70 | 69 |
| largo de Gil Eanes | Active | €282,000 | €3,065 | 6.6% | 70 | 71 |
| rua Francisco Alvo, 3 | Active | €380,000 | €3,016 | 4.9% | 74 | 69 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 8.9% | 72 | 70 |
| Median comp | €369,500 | €2,818 | 2.0% | 71 | 70 |
Short-term vacation rental This property in Portimão offers a reasonable gross yield of 3.9%, which aligns with the tourist-heavy market in the region. Given the fair value of €350,481 versus the listing price of €379,500, the potential for short-term stays may be constrained due to its fair pricing amidst competitive rental options. Buy-and-hold With a fair valuation indicating a slight premium, this 4-bed apartment can generate consistent rental income in a market driven by tourism. However, the 8.3% gap from fair value suggests investors should exercise caution with long-term appreciation expectations. Family rental The apartment's size and amenities may cater well to families looking for longer-term housing, though its neighborhood rating of 69/100 highlights some limitations in tenant quality. With the property priced fairly relative to its market conditions, it could serve as a stable rental, but investors may want to closely monitor local demand dynamics. Not ideal for This property is not suited for student housing or the luxury market due to the local economic emphasis on tourism rather than educational infrastructure or high-end amenities. Additionally, opportunities for value-added renovations are limited, given its current condition score of 76/100, indicating minimal immediate enhancement potential.
Economic-tenant stability risk The combined economic and tenant stability scores of 65/100 indicate a moderate risk level, suggesting potential fluctuations in rental income or occupancy rates could occur.
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