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 80 m², built in 1994, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a fully equipped modern kitchen with high-quality finishes and spacious living areas that maximize natural light, enhancing the overall ambiance and aesthetic appeal.
The valuation. The asking price of €299,000 is €7,908 (2.7%) above the fair value of €291,092, indicating a fair valuation consistent with market standards. This positions the property competitively within the Portimão area.
Fair value modelled at €291,092 from 6 comparable sales in the area. Asking €299,000 sits €7,908 (2.7%) above — overpriced versus fair value.
Asking €299,000 versus the Portimão, Portimão, Faro area baseline of €250,314 (€3,129/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €250,314, adjusted for condition and micro-location, gives a modelled fair value of €291,092 (€3,639/m²), a €7,908 (2.7%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · a80adb | Subject | €299,000 | €3,738 | — | 76 | 70 |
| Portimão · 8313bc | Active | €299,000 | €3,646 | 2.4% | 70 | 73 |
| Portimão · 1f36c2 | Active | €265,000 | €3,897 | 4.3% | 72 | 66 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 3.0% | 78 | 68 |
| rua do Oceano Índico, 1 | Active | €305,000 | €3,631 | 2.9% | 80 | 70 |
| Median comp | €282,250 | €3,747 | 0.3% | 75 | 69 |
Short-term vacation rental The property is fairly priced at €299,000, aligning closely with a fair value of €291,092, with only a 2.7% gap. Given Portimão's status as a tourist hotspot, this apartment can attract seasonal visitors, yielding a gross return of 4% despite being a competitive market. Buy-and-hold As the two-bedroom apartment sits at a fair valuation, it presents a stable investment opportunity with a gross yield of 4%, adequate for the property's size and condition. Investors can benefit from ongoing appreciation in the Algarve region, known for its economic stability tied to seasonal tourism. Long-term rental With a fair listing price, this property offers decent long-term rental potential, supported by a gross yield of 4% in a neighbourhood with a satisfactory rating of 70/100. Although not targeted at luxury or student markets, its condition score of 79/100 suggests it has desirable amenities for a steady tenant demographic.
Economic and Tenant Instability The property faces a risk due to its economic stability score of 65/100 and tenant stability score of 60/100, indicating potential fluctuations in rental income and occupancy rates.
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