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, 2-bathroom apartment of 78 m², energy rating D. Located Portimão parish, Portimão municipality, Faro district. This apartment boasts a large balcony overlooking lush gardens and is situated in a prime location just minutes away from the beach, enhancing both lifestyle and rental potential.
The valuation. The asking price of €352,000 is significantly above the fair value of €229,442, indicating an overvaluation of €122,558 (53.4%). This property is overpriced and may not yield a reasonable return on investment. Buy-to-flip angle. A buy-to-flip strategy may struggle, as the property is overpriced and significant renovations would be necessary to justify a higher resale price. Quick resale could result in considerable losses unless acquisition costs were significantly lower. Buy-to-let angle. With an estimated gross yield of 3.6% based on a monthly rental income of approximately €1,056, this property could provide moderate cash flow as a long-term rental. However, the neighborhood rating suggests that tenant retention may be a concern.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · f10bf9 | Subject | €352,000 | €4,513 | — | — | 73 |
| Portimão · 6ebb31 | Active | €258,000 | €2,688 | 40.4% | 60 | 69 |
| Portimão · ba3dc6 | Active | €225,000 | €2,848 | 36.9% | 55 | 74 |
| Portimão · 261d9d | Active | €222,000 | €2,883 | 36.1% | 65 | 76 |
| rua da Raminha, 14 | Active | €345,000 | €3,833 | 15.1% | 65 | 71 |
| Median comp | €241,500 | €2,866 | 36.5% | 63 | 73 |
Short-term vacation rental The property’s asking price of €352,000 is significantly above the fair value of €229,442, making it a poor investment choice for a short-term vacation rental strategy with a yield of only 3.6%. Given the condition rating of 0/100, the high acquisition cost may hinder profit margins in the competitive Algarve market. Long-term rental Despite being located in a popular tourist region with above-average amenities, the current listing price of €352,000 lacks justification against a fair value of €229,442, resulting in a concerning 53.4% gap. The property’s yield of 3.6% does not compensate for the inflated price, making long-term rental unappealing for potential investors. Buy-and-hold Investing in this property for a buy-and-hold strategy is not advisable as it is overpriced at €352,000 compared to a fair value of €229,442, suggesting a large downside risk. The limited yield of 3.6% due to its poor condition further detracts from its attractiveness as a long-term investment in the thriving Algarve region.
Economic Vulnerability The economic stability score of 65/100 suggests potential declines in local market conditions that could affect property value and tenant demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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