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 159 m², built in 2007. Located on rua João Simões Tavares, 8, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a spacious balcony that seamlessly connects all main rooms, perfect for outdoor entertainment and relaxation, alongside a rare private parking space in the city center.
The valuation. The asking price of €409,000 sits €78,370 (16.1%) below the fair value of €487,370, indicating the property is underpriced and presents an attractive opportunity for acquisition.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua João Simões Tavares, 8 | Subject | €409,000 | €2,572 | — | — | 75 |
| Portimão · 3a7487 | Active | €375,000 | €2,953 | 14.8% | 65 | 68 |
| Portimão · 4a43a4 | Active | €325,000 | €2,708 | 5.3% | 60 | 74 |
| Portimão · 831486 | Active | €409,000 | €3,652 | 42.0% | — | 71 |
| largo de Gil Eanes | Active | €282,000 | €3,065 | 19.2% | 70 | 71 |
| Median comp | €350,000 | €3,009 | 17.0% | 65 | 71 |
Long-term rental With a fair value of €487,370, the 3-bed apartment in Portimão represents a compelling investment opportunity at €409,000, indicating a gap of 16.1%. The 4.3% gross yield is attractive, especially given the neighborhood's rating of 75/100, which suggests a solid demand for rental properties. Short-term vacation rental The Portimão apartment’s competitive pricing at €409,000 allows for substantial revenue potential in the short-term rental market, capitalizing on the area's tourist appeal in the Algarve. The property’s condition score of 0/100 requires attention, yet the fair value assessment supports the investment's viability despite this consideration. Buy-and-hold Acquiring this apartment at a listing of €409,000 provides an opportunity for long-term appreciation, considering the fair valuation of €487,370 and the healthy rental demand in the region. The 4.3% gross yield combined with the neighborhood's favorable rating makes this property a fitting choice for a strategic buy-and-hold approach.
Economic Vulnerability The property is at risk due to a moderate economic stability score of 65/100, which may indicate potential fluctuations in the local market affecting long-term investment value.
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