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, 2-bathroom apartment of 102 m² on the 1st floor, built in 1975. Located on rua Quinta do Amparo, 34-35, Portimão parish, Portimão municipality, Faro district. This apartment features a large enclosed terrace that extends the living space and offers dual balconies for both relaxation and entertaining, enhancing the overall living experience.
The valuation. The asking price of €279,000 is slightly lower than the fair value of €292,257, indicating a difference of €13,257 (4.5%). This suggests that the property is priced fairly in the current market context.
Fair value modelled at €292,257 from 6 comparable sales in the area. Asking €279,000 sits €13,257 (4.5%) below — the upside to fair value.
Asking €279,000 versus the rua Quinta do Amparo, 34-35 area baseline of €263,263 (€2,581/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €263,263, adjusted for condition and micro-location, gives a modelled fair value of €292,257 (€2,865/m²), a €13,257 (4.5%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Quinta do Amparo, 34-35 | Subject | €279,000 | €2,735 | — | 71 | 70 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 4.2% | 72 | 70 |
| rua Francisco Alvo, 3 | Active | €380,000 | €3,016 | 10.3% | 74 | 69 |
| Portimão · 3a7487 | Active | €375,000 | €2,953 | 8.0% | 65 | 68 |
| Portimão · efdcb4 | Active | €375,000 | €2,778 | 1.6% | 74 | 72 |
| Median comp | €375,000 | €2,866 | 4.8% | 73 | 70 |
Long-term rental The property presents a stable gross yield of 4.4%, which is reasonable for the Portimão market. While the fair value suggests minor appreciation potential, the current valuation indicates it is appropriately priced relative to rental income. Short-term vacation rental Given the coastal location and typical Algarve tourist demand, the property could generate decent short-term rental income. However, the fair value assessment indicates that it is not a compelling investment given the slight gap from the evaluated price. Buy-and-hold With a fair valuation indicating a mere 4.5% gap against the current asking price, the prospects for long-term appreciation are muted. This investment is reasonable, but the modest yield and current valuation suggest limited upside potential over time.
Potential Decline in Rent Income The property faces a risk of decreased rent income due to a combined economic stability score of 65/100 and tenant stability score of 60/100, indicating potential issues in attracting and retaining tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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