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 106 m² on the 2nd floor, built in 1982, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a spacious pantry for additional storage and is located in a vibrant riverside area with convenient access to public transportation and leisure activities.
The valuation. The asking price of €335,000 exceeds the fair value of €302,405 by €32,595, or 10.8%. The property is therefore considered overpriced.
Fair value modelled at €302,405 from 6 comparable sales in the area. Asking €335,000 sits €32,595 (10.8%) above — overpriced versus fair value.
Asking €335,000 versus the Portimão, Portimão, Faro area baseline of €259,937 (€2,452/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 €259,937, adjusted for condition and micro-location, gives a modelled fair value of €302,405 (€2,853/m²), a €32,595 (10.8%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1441f0 | Subject | €335,000 | €3,160 | — | 74 | 70 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 17.1% | 72 | 70 |
| rua Francisco Alvo, 3 | Active | €380,000 | €3,016 | 4.6% | 74 | 69 |
| rua do Oceano Atlântico | Active | €425,000 | €2,690 | 14.9% | 70 | 65 |
| Portimão · 190801 | Active | €385,000 | €2,567 | 18.8% | 70 | 69 |
| Median comp | €382,500 | €2,655 | 16.0% | 71 | 69 |
Short-term vacation rental The current asking price of €335,000 indicates a 10.8% gap from the fair value of €302,405, making this property overpriced. The yield of 4.1% gross, combined with the seasonal nature of tourism in Algarve, suggests that investors may struggle to achieve favorable returns. Long-term rental Given the fair value of €302,405 and a listing price that exceeds this, the property is overpriced at €335,000. The suboptimal yield of 4.1% gross reflects the price concerns, potentially deterring long-term rental investors in a market characterized by fluctuations in tenant demand. Buy-and-hold With a listing price significantly higher than the fair value, this property is deemed overpriced at €335,000. While the Algarve has investment potential, the high acquisition cost and lower yield may compromise the long-term benefits of holding this asset. Not ideal for luxury market The property’s valuation surpasses fair value, indicating it does not align with luxury buyers looking for value. The 76/100 condition rating and a less favorable neighborhood score further detract from its appeal in the luxury sector. Not ideal for student housing As the property is priced above fair value, it's likely unsuitable for the student housing market, where affordability is key. Seasonal fluctuations in population density and employment also pose challenges in securing consistent tenant occupancy.
Economic Vulnerability: With an economic stability score of 60/100, the property may face challenges that could impact rental income and long-term profitability.
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