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, 3-bathroom apartment of 193 m², built in 2005, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The spacious living room prominently features a fireplace, enhancing the apartment's cozy atmosphere, while the west-facing balconies provide ample outdoor space for relaxation and entertaining.
The valuation. The asking price of €440,000 is situated €30,552 (6.5%) below the fair value of €470,552, making this property fairly valued in the current market landscape. Buy-to-flip angle. With a competitive strategy, potential exists to renovate and enhance features to secure a profitable resale at an anticipated market value of around €490,000. Buy-to-let angle. The estimated rental income of €1,760 per month yields a gross return of 4.8%, positioning this apartment well for cash flow in the robust Algarve rental market.
Fair value modelled at €470,552 from 6 comparable sales in the area. Asking €440,000 sits €30,552 (6.5%) below — the upside to fair value.
Asking €440,000 versus the Portimão, Portimão, Faro area baseline of €387,115 (€2,006/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €387,115, adjusted for condition and micro-location, gives a modelled fair value of €470,552 (€2,438/m²), a €30,552 (6.5%) gap versus the €440,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · f10c90 | Subject | €440,000 | €2,280 | — | 70 | 70 |
| rua das Oliveiras, 52 | Active | €312,000 | €2,476 | 8.6% | 72 | 72 |
| Portimão · a80253 | Active | €360,000 | €2,400 | 5.3% | 75 | 71 |
| urbanização Colina Real, 10 | Active | €449,000 | €2,128 | 6.7% | 73 | 73 |
| Portimão · 190801 | Active | €385,000 | €2,567 | 12.6% | 70 | 69 |
| Median comp | €372,500 | €2,438 | 6.9% | 73 | 72 |
Long-term rental Given the fair value of €470,552, the property is priced at €440,000, indicating a 6.5% gap that aligns with a solid 4.8% gross yield. However, the property’s condition rating of 75/100 suggests that while it can generate steady income, it may require some investment to maintain tenant quality over time. Short-term vacation rental While the property’s listing price of €440,000 and a fair value of €470,552 implies it is within market norms, the potential yield of 4.8% is moderate for the highly competitive vacation rental market. Seasonal employment dynamics in the area also indicate fluctuating occupancy rates, which could affect profitability in peak seasons. Buy-and-hold The property is valued fairly at €440,000 compared to its fair value of €470,552, securing a 4.8% gross yield that may be attractive for long-term investors. Despite this, the fluctuating economic influences from Algarve’s tourism-driven market could pose risks to appreciation over the long term.
Economic Vulnerability With an economic stability score of 60/100, there is a risk that economic downturns could significantly impact property value and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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