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, 1-bathroom apartment of 77 m² on the 6th floor, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This 6th-floor apartment offers striking views of Portimão, along with an efficient layout that maximizes natural light through ample windows and balcony access.
The valuation. The asking price of €245,000 sits €27,665 (12.7%) above the fair value of €217,335, indicating the property is overpriced. This disconnect suggests potential challenges in realizing expected returns based on current market conditions.
Fair value modelled at €217,335 from 6 comparable sales in the area. Asking €245,000 sits €27,665 (12.7%) above — overpriced versus fair value.
Asking €245,000 versus the Portimão, Portimão, Faro area baseline of €220,631 (€2,865/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €220,631, adjusted for condition and micro-location, gives a modelled fair value of €217,335 (€2,823/m²), a €27,665 (12.7%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 38b71f | Subject | €245,000 | €3,182 | — | 56 | 70 |
| Portimão · 4a4442 | Active | €345,000 | €3,108 | 2.3% | — | 74 |
| rua do Alto do Pacheco, 5 | Active | €350,000 | €2,692 | 15.4% | 60 | 74 |
| Portimão · 3a7487 | Active | €375,000 | €2,953 | 7.2% | 65 | 68 |
| avenida São João de Deus, 6 | Active | €150,000 | €2,308 | 27.5% | 58 | 81 |
| Median comp | €347,500 | €2,823 | 11.3% | 60 | 74 |
Short-term vacation rental This property, listed at €245,000, is priced 12.7% above its fair value of €217,335, indicating it is overpriced for the vacation rental market. With a gross yield of only 4.7%, the potential returns do not justify the elevated price in a tourist-heavy region like Algarve. Long-term rental At a listing price of €245,000, this 2-bed apartment is not an optimal choice for long-term rental investment due to its overpricing at 12.7% above the fair value of €217,335. The current gross yield of 4.7% is modest and does not provide adequate compensation for the high entry cost in this economic environment. Buy-and-hold Investing in this property for buy-and-hold purposes is discouraged, as it stands overpriced at €245,000, which is 12.7% above the fair value of €217,335. The inadequate gross yield of 4.7% and the property's condition rating of 58/100 further diminish its attractiveness for long-term appreciation. Not ideal for: Student housing, Value-add renovation, Luxury market.
Economic Risk The economic stability score of 70 indicates moderate economic conditions, while the tenant stability score of 60 suggests a potential for tenant turnover and vacancy issues, which can lead to fluctuating rental income.
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