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 210 m², energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes two dedicated parking spaces and a private garden area, enhancing convenience and outdoor living potential in a tranquil setting. Location: Barranco do Rodrigo, close to beaches and amenities.
The valuation. The asking price of €446,000 exceeds the fair value of €373,941 by €72,059, indicating the property is overpriced by 19.3%. Investors should proceed with caution and keep this valuation in mind. Buy-to-flip angle. With an asking price above fair value, the wholesale strategy would entail renovations to enhance appeal, targeting a quick resale to potentially recover costs. Flipping is not advisable without significant price adjustments. Buy-to-let angle. The estimated monthly rental income of €1,710 translates to a gross yield of 4.6%, making this property suitable for long-term family rentals or short-term vacation rentals. A steady rental strategy could capitalize on the area's tourist-driven demand.
Fair value modelled at €373,941 from 4 comparable sales in the area. Asking €446,000 sits €72,059 (19.3%) above — overpriced versus fair value.
Asking €446,000 versus the Portimão, Portimão, Faro area baseline of €339,976 (€1,619/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing 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 €339,976, adjusted for condition and micro-location, gives a modelled fair value of €373,941 (€1,781/m²), a €72,059 (19.3%) gap versus the €446,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · cc9ae8 | Subject | €446,000 | €2,124 | — | 68 | 68 |
| Portimão · 1442c0 | Active | €446,000 | €1,646 | 22.5% | 72 | 71 |
| Portimão · 6229aa | Active | €446,000 | €1,646 | 22.5% | 72 | 63 |
| rua Projectada À Caldeira do Moinho | Active | €295,000 | €1,916 | 9.8% | 70 | 69 |
| rua Rei Dom Sebastião, 11 | Active | €370,000 | €2,624 | 23.6% | 75 | 75 |
| Median comp | €408,000 | €1,781 | 16.1% | 72 | 70 |
Short-term vacation rental With a gross yield of 4.6% and a listing price exceeding fair value by 19.3%, this property may face challenges in achieving significant profitability as a vacation rental. The combination of an average condition score of 67/100 and a neighbourhood score of 68/100 further complicates its appeal to potential short-term tenants seeking high-quality accommodations. Buy-and-hold Investing in this property as a buy-and-hold strategy appears risky, given that it is priced 19.3% above its fair valuation. While Portimão has a tourist-driven economy that supports rental demand, the current condition and neighbourhood ratings suggest that holding on to this asset could lead to suboptimal long-term returns. Family rental Despite some potential for steady family rental income, the property’s overpriced status, listing €446,000 against a fair value of €373,941, indicates limited margin for growth in this sector. The average neighbourhood and condition scores imply that attracting long-term family tenants may be more challenging than anticipated.
Economic Vulnerability The economic stability score of 60/100 indicates a potential for market fluctuations that could affect rental income and property value.
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