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 150 m² on the 1st floor, built in 1988, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a generous balcony that enhances outdoor living and panoramic views, and is conveniently located near public transportation routes.
The valuation. The asking price of €360,000 sits €14,689 (4.3%) above the fair value of €345,311, indicating a fair market position. The combination of high-quality finishes and location further supports this assessment. Buy-to-flip angle. The property has potential for a successful resale strategy, capitalizing on the region's tourist appeal and modern renovations. With proximity to the Algarve coast, an upgrade could yield a beneficial return on investment. Buy-to-let angle. At an estimated rental income of €1,260/month, the gross yield stands at 4.2%, making it an attractive buy-to-let option. The mixed neighborhood demographics provide a steady demand for long-term rentals, especially with the focus on tourism.
Fair value modelled at €345,311 from 6 comparable sales in the area. Asking €360,000 sits €14,689 (4.3%) above — overpriced versus fair value.
Asking €360,000 versus the Portimão, Portimão, Faro area baseline of €281,947 (€1,880/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €281,947, adjusted for condition and micro-location, gives a modelled fair value of €345,311 (€2,302/m²), a €14,689 (4.3%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · a80253 | Subject | €360,000 | €2,400 | — | 75 | 71 |
| rua das Oliveiras, 52 | Active | €312,000 | €2,476 | 3.2% | 72 | 72 |
| urbanização Colina Real, 10 | Active | €449,000 | €2,128 | 11.3% | 73 | 73 |
| Portimão · 190801 | Active | €385,000 | €2,567 | 6.9% | 70 | 69 |
| rua Projectada À Caldeira do Moinho | Active | €295,000 | €1,916 | 20.2% | 70 | 69 |
| Median comp | €348,500 | €2,302 | 4.1% | 71 | 71 |
Short-term vacation rental The property presents a reasonable opportunity for short-term vacation rentals, given its proximity to the Algarve coast, driving demand. However, with a current yield of 4.2% gross and a fair value gap of just 4.3%, the investment potential may be limited, creating a less attractive scenario for maximizing rental income. Buy-and-hold Investing in this 4-bed apartment as a buy-and-hold strategy could offer stable long-term appreciation given its location in a tourist-reliant economy. Nonetheless, the fair value assessment at €345,311 suggests that while the property is priced correctly, it might not yield significant growth or value increase compared to other opportunities. Family rental With a decent condition score of 74/100 and a spacious layout, this property could meet the needs of families looking for rental accommodation. Yet, the neighborhood rating of 71/100 indicates that it may not offer the highest desirability for family rentals, and the fair valuation suggests there are more compelling options in the market.
Economic Vulnerability The property may face challenges as the economic stability score of 65/100 indicates potential fluctuations in market conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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