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 107 m², built in 2026, energy rating C. Located on rua Engenheiro Amaro da Costa, J6, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The property boasts a substantial 44.70 m² private terrace, perfect for outdoor entertaining, and features high-quality finishes that enhance its modern appeal.
The valuation. The asking price of €455,000 is slightly below the fair value of €458,232, placing it only €3,232 (0.7%) under fair market value. This indicates a reasonably priced investment opportunity in Portimão.
Fair value modelled at €458,232 from 6 comparable sales in the area. Asking €455,000 sits €3,232 (0.7%) below — the upside to fair value.
Asking €455,000 versus the rua Engenheiro Amaro da Costa, J6 area baseline of €384,978 (€3,598/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €384,978, adjusted for condition and micro-location, gives a modelled fair value of €458,232 (€4,283/m²), a €3,232 (0.7%) gap versus the €455,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Engenheiro Amaro da Costa, J6 | Subject | €455,000 | €4,252 | — | 90 | 64 |
| Portimão · 38b6c2 | Active | €1,100,000 | €4,074 | 4.2% | 87 | 72 |
| Portimão · 938819 | Active | €750,000 | €4,491 | 5.6% | 77 | 73 |
| rua Poeta João Brás | Active | €476,500 | €2,836 | 33.3% | 72 | 73 |
| Estômbar e Parchal · f35eef | Active | €420,000 | €3,471 | 18.4% | 75 | 70 |
| Median comp | €613,250 | €3,773 | 11.3% | 76 | 73 |
Short-term vacation rental The property in Portimão, at a fair market value, presents an opportunity for short-term vacation rentals given its location in the Algarve tourist region. With a 3% gross yield, the property is well-positioned for seasonal rental income but requires careful management to optimize revenues during peak tourist seasons. Buy-and-hold Investing in this 3-bed apartment for a buy-and-hold strategy aligns with the area's mixed economic stability due to seasonal tourism, making it a manageable long-term investment. While the property holds a fair value, the anticipated rental income may provide moderate returns without significant appreciation potential. Family rental The apartment is suitable for family rentals, particularly with its favorable condition rating of 85/100 and fair value alignment, making it appealing for long-term tenants. However, potential renters might scrutinize the neighborhood rating of 64/100, which could affect rental demand in the competitive market of Portimão.
Economic volatility risk Given the economic stability score of 55/100, there is a heightened risk of fluctuations that could negatively impact rental income or property value.
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