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 house of 194 m², built in 1937, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Interior patio provides a private outdoor oasis, perfect for relaxing or entertaining, enhancing the home's functionality and appeal in a modern setting.
The valuation. The property is listed at €498,000, which is €59,675 (10.7%) below its fair value of €557,675. This indicates that it is subvalued and presents an enticing opportunity for investment.
Fair value modelled at €557,675 from 6 comparable sales in the area. Asking €498,000 sits €59,675 (10.7%) below — the upside to fair value.
Asking €498,000 versus the Portimão, Portimão, Faro area baseline of €456,948 (€2,355/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €456,948, adjusted for condition and micro-location, gives a modelled fair value of €557,675 (€2,875/m²), a €59,675 (10.7%) gap versus the €498,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1442b9 | Subject | €498,000 | €2,567 | — | 78 | 72 |
| Portimão · 49b8db | Active | €320,000 | €1,517 | 40.9% | 75 | 70 |
| rua Alto das Sesmarias, 3 | Active | €565,000 | €3,071 | 19.6% | 72 | 73 |
| Estômbar e Parchal · 438ff7 | Active | €380,000 | €4,471 | 74.2% | 75 | 67 |
| urbanização da Grandlinha, 11 | Active | €518,000 | €3,866 | 50.6% | 74 | 76 |
| Median comp | €449,000 | €3,469 | 35.1% | 75 | 72 |
Short-term vacation rental This property in Portimão is exceptionally well-suited for short-term vacation rentals due to its prime location in the Algarve, which enjoys high tourist demand. With a fair value of €557,675 and a current listing price of €498,000, it presents an attractive investment opportunity, particularly given the area’s vibrant tourism-driven economy. Long-term rental The 3-bedroom house also represents a solid option for long-term rental, aligning with the growing demand for quality housing in this popular tourist destination. The gross yield of 4.1% highlights the potential for steady income, further supported by the property’s favorable condition rating of 81/100. Buy-and-hold Adopting a buy-and-hold strategy for this property could yield solid returns over time, benefiting from consistent appreciation in the Algarve housing market driven by tourism. Given that the property is currently priced at 10.7% below its fair value, future value growth is likely as the economy continues to thrive on tourism.
Economic Sensitivity Risk The economic stability score of 65 indicates a susceptibility to fluctuations in local economic conditions that could impact tenant demand or property value.
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