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, 0-bathroom apartment of 80 m², energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a large terrace perfect for outdoor living and entertaining, along with brand new double-glazed windows for enhanced energy efficiency and noise reduction.
The valuation. The asking price of €259,000 is below the fair value of €298,354, representing a discount of €39,354 or 13.2%. This property is considered subvalued in the current market. Buy-to-flip angle. The strategy for resale focuses on short-term vacation rentals in the Algarve, catering to tourist demand and capitalizing on seasonal peaks to drive higher sale prices. Buy-to-let angle. With an estimated gross yield of 4.4%, generating around €950 per month in rental income is feasible and aligns well with the property’s attractive condition and tourist-centric location.
Fair value modelled at €298,354 from 6 comparable sales in the area. Asking €259,000 sits €39,354 (13.2%) below — the upside to fair value.
Asking €259,000 versus the Portimão, Portimão, Faro area baseline of €274,170 (€3,427/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €274,170, adjusted for condition and micro-location, gives a modelled fair value of €298,354 (€3,729/m²), a €39,354 (13.2%) gap versus the €259,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · a80b17 | Subject | €259,000 | €3,238 | — | 70 | 73 |
| Portimão · 8313bc | Active | €299,000 | €3,646 | 12.6% | 70 | 73 |
| rua da Cooperativa | Active | €285,000 | €3,904 | 20.6% | 75 | 71 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 18.9% | 78 | 68 |
| Portimão · 6228d7 | Active | €325,000 | €3,250 | 0.4% | 72 | 73 |
| Median comp | €292,000 | €3,747 | 15.7% | 74 | 72 |
Short-term vacation rental With a gross yield of 4.4% and a fair value gap of 13.2%, this property is well-positioned for short-term vacation rentals in Algarve's tourist zone. The seasonal demand ensures a steady influx of tourists, presenting a lucrative opportunity despite the fluctuations in occupancy. Buy-and-hold The 2-bed apartment in Portimão is subvalued compared to its fair market value, making it a viable buy-and-hold investment. The property’s location in a high-demand tourist area indicates potential appreciation over time, reinforced by a strong safety rating in coastal regions. Long-term rental Given the fair value gap and desirable location, this property is a suitable option for long-term rental strategies. While the tenant quality may vary, the consistent demand in a popular tourist destination is likely to mitigate risks, offering a reliable income stream.
Economic Vulnerability The economic stability score of 60/100 suggests a potential risk for fluctuating local economic conditions that could affect property value and tenant turnover.
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