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 121 m² on the 2nd floor, built in 2009, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: This property boasts a spacious 23 m² terrace, perfect for outdoor dining or relaxation, enhancing the urban living experience in the vibrant heart of Portimão.
The valuation. The asking price of €330,000 sits 4.8% below the fair value of €346,697, indicating a balanced market position. This suggests there is no significant premium or discount on the property.
Fair value modelled at €346,697 from 6 comparable sales in the area. Asking €330,000 sits €16,697 (4.8%) below — the upside to fair value.
Asking €330,000 versus the Portimão, Portimão, Faro area baseline of €308,874 (€2,553/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €308,874, adjusted for condition and micro-location, gives a modelled fair value of €346,697 (€2,865/m²), a €16,697 (4.8%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 831870 | Subject | €330,000 | €2,727 | — | 70 | 68 |
| Portimão · 4a4244 | Active | €475,000 | €2,582 | 5.3% | 70 | 68 |
| rua Quinta do Amparo, 34-35 | Active | €279,000 | €2,735 | 0.3% | 71 | 70 |
| Portimão · 3a7487 | Active | €375,000 | €2,953 | 8.3% | 65 | 68 |
| Ferragudo · efdc56 | Active | €449,900 | €3,357 | 23.1% | 74 | 70 |
| Median comp | €412,450 | €2,844 | 4.3% | 71 | 69 |
Short-term vacation rental This property offers a fair value positioning at €346,697 with a yield of 3.9%, which is competitive in the Algarve tourist region. However, with an overall score of 73/100 in condition and a slightly below-average neighborhood score of 68/100, it may lack the appeal to maximize short-term rental potential. Buy-and-hold Acquiring this 2-bed apartment at €330,000 presents a fair investment opportunity, given its proximity to a thriving tourism economy, despite a slight gap to fair value of 4.8%. The moderate yield of 3.9% suggests that while it can provide steady returns, long-term capital appreciation may not be significant due to its current valuation status. Long-term rental The property is fairly priced at €330,000, allowing for reasonable rental income potential based on the 3.9% yield; it’s suitable for long-term tenants in a popular vacation area. However, the neighborhood's limitations, evidenced by a 68/100 score, may restrict tenant quality and rental demand in the long run.
Economic and Tenant Instability Risk With an economic stability score of 60 and a tenant stability score of 55, there is a heightened risk of fluctuating rental income and potential vacancies, given that both scores are below the threshold of 65 that typically indicates stronger stability in these areas.
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