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 94 m², built in 2008. Located on rua da Misericórdia, B1, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a modern kitchen with Bosch appliances and high-quality finishes, as well as being situated in a tranquil residential area conducive to relaxation.
The valuation. The asking price of €327,000 is slightly below the fair value of €346,572, indicating a fair valuation with a difference of €19,572 (5.6%). This suggests a reasonable market positioning for potential buyers.
Fair value modelled at €346,572 from 6 comparable sales in the area. Asking €327,000 sits €19,572 (5.6%) below — the upside to fair value.
Asking €327,000 versus the rua da Misericórdia, B1 area baseline of €295,937 (€3,148/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 €295,937, adjusted for condition and micro-location, gives a modelled fair value of €346,572 (€3,687/m²), a €19,572 (5.6%) gap versus the €327,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Misericórdia, B1 | Subject | €327,000 | €3,479 | — | 80 | 70 |
| rua da Hortinha S / N | Active | €320,000 | €3,636 | 4.5% | 72 | 70 |
| Portimão · 6d53e6 | Active | €335,000 | €2,702 | 22.3% | 70 | 64 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 10.6% | 78 | 68 |
| Portimão · a80adb | Active | €299,000 | €3,738 | 7.4% | 76 | 70 |
| Median comp | €309,500 | €3,687 | 6.0% | 74 | 69 |
Short-term vacation rental Given the strong tourism appeal of the Algarve region, this 2-bed apartment in Portimão presents a viable option for short-term vacation rentals, despite its fair valuation. The 4% gross yield reflects a reasonable return in the current market, but buyers should not expect significant appreciation. Long-term rental With a fair market value and an adequate condition score of 79/100, the apartment can serve as a stable long-term rental option in Portimão. However, prospective investors should temper expectations, as the 4% gross yield does not imply an exceptional opportunity. Buy-and-hold Investing in this 2-bed apartment as a buy-and-hold strategy may offer steady rental income, yet the current pricing suggests no immediate bargain. The economic stability linked to tourism adds a level of security, but the property’s fair value indicates limited upside potential for appreciation.
Economic impact risk The property may face challenges due to moderate economic and tenant stability scores of 65/100, indicating potential fluctuations in rental income and tenant turnover.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
