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 112 m², built in 2007. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a spacious balcony that connects to all main rooms, providing expansive outdoor living and stunning views of central Portimão's vibrant streets.
The valuation. The asking price of €409,000 is significantly above the estimated fair value of €284,110, placing it at €124,890 or 44.0% overpriced. This indicates a strong caution for prospective investors. Buy-to-flip angle. Given the condition score of 0/100, the buy-to-flip potential appears minimal, suggesting extensive renovation would be necessary to attract buyers at a desirable markup. Buy-to-let angle. With an estimated gross yield of 3.7% based on €1,261/month rental income, the buy-to-let strategy remains viable in the tourist-driven Algarve market, albeit at a relatively low yield.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 831486 | Subject | €409,000 | €3,652 | — | — | 71 |
| Portimão · b32ba4 | Active | €312,000 | €2,438 | 33.3% | 72 | 80 |
| rua do Moleiro, 3 | Active | €287,000 | €2,242 | 38.6% | 65 | 68 |
| Portimão · 25f918 | Active | €349,900 | €2,536 | 30.6% | 66 | 79 |
| Portimão · bf2a1f | Active | €285,000 | €2,615 | 28.4% | 65 | 72 |
| Median comp | €299,500 | €2,487 | 31.9% | 66 | 76 |
Long-term rental The property is not ideally suited for long-term rental given its 44.0% gap from fair value, suggesting it is overpriced and may not generate acceptable returns relative to investment. With a gross yield of only 3.7%, potential losses could be magnified over time as the market adjusts. Short-term vacation rental Despite the demand for tourist-driven housing in the Algarve, this apartment's 44.0% price premium over fair value makes it a risky investment for a short-term vacation rental strategy. The condition rating of 0/100 further indicates significant renovations might be needed, thus potentially diminishing profitability. Buy-and-hold As a buy-and-hold investment, this property presents challenges due to its substantial 44.0% pricing over fair value, which could impede capital appreciation and cash flow. The combination of low yield and poor condition may deter potential tenants, negatively impacting long-term asset value. Not ideal for student housing The property is not conducive to student housing due to its overpriced nature and the 0/100 condition score, which indicates a lack of necessary amenities. Additionally, the neighbourhood score of 71/100 suggests limited attractiveness for student demographics looking for quality accommodations. Not ideal for industrial investment Investing in this residential property for industrial purposes is illogical given its significant overvaluation and residential zoning. The real estate condition and market dynamics make this property unsuitable for industrial investment opportunities.
Economic vulnerability With an economic stability score of 65/100, there is a moderate risk that economic fluctuations could negatively impact property value and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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