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 271 m², energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes two exclusive outdoor spaces ideal for al fresco dining and leisure, along with a storage room on the kitchen balcony for added convenience.
The valuation. The asking price of €446,000 is significantly below fair value, which is assessed at €671,048, indicating a potential opportunity at €225,048 (33.5%). This property is underpriced.
Fair value modelled at €671,048 from 5 comparable sales in the area. Asking €446,000 sits €225,048 (33.5%) below — the upside to fair value.
Asking €446,000 versus the Portimão, Portimão, Faro area baseline of €619,255 (€2,285/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 is below the parish average, reducing 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 €619,255, adjusted for condition and micro-location, gives a modelled fair value of €671,048 (€2,476/m²), a €225,048 (33.5%) gap versus the €446,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1442c0 | Subject | €446,000 | €1,646 | — | 72 | 71 |
| urbanização Colina Real, 10 | Active | €449,000 | €2,128 | 29.3% | 73 | 73 |
| rua Projectada À Caldeira do Moinho | Active | €295,000 | €1,916 | 16.4% | 70 | 69 |
| rua das Oliveiras, 52 | Active | €312,000 | €2,476 | 50.5% | 72 | 72 |
| rua Rei Dom Sebastião, 11 | Active | €370,000 | €2,624 | 59.4% | 75 | 75 |
| Median comp | €341,000 | €2,302 | 39.9% | 73 | 73 |
Short-term vacation rental The property offers an attractive gross yield of 5.9%, underpinned by its prime location in the tourist-friendly Algarve region. With a notable gap of 33.5% against the fair value of €671,048, the potential for short-term rental income is promising. Buy-and-hold Given the underpriced status and appealing characteristics of the property, it represents a solid long-term investment for those looking to capitalize on the growing tourism in the area. The strong neighborhood score of 71/100 coupled with the property’s size of 271m² enhances its long-term value retention potential. Value-add renovation With a current condition rating of 68/100, there is room for improvement through strategic renovations that could significantly increase the property’s market value. This investment strategy makes sense given that the property's fair value stands at €671,048, offering a clear path to enhanced equity based on effective enhancements.
Economic Vulnerability The economic stability score of 65/100 suggests potential fluctuations in local market conditions, which could impact property value and tenant demand negatively.
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