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, 1-bathroom house of 97 m², energy rating F. Located on rua Engenheiro Duarte Pacheco, Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: This property includes an outdoor space ideal for dining and relaxation, enhancing its appeal for those seeking a tranquil lifestyle close to urban amenities.
The valuation. The asking price of €320,000 sits €6,220 above the calculated fair value of €313,780, indicating it is priced at a modest 2.0% premium; the property is fairly valued within its market context. Buy-to-flip angle. A buy-to-flip strategy may involve enhancing the property's average-quality finishes and furnishings to increase appeal, potentially increasing resale value above the current asking price. Buy-to-let angle. The estimated rental income of €1,067 per month offers a gross yield of 4%, positioning this property as a solid candidate for a buy-and-hold investment in the tourist-friendly Algarve region.
Fair value modelled at €313,780 from 5 comparable sales in the area. Asking €320,000 sits €6,220 (2.0%) above — overpriced versus fair value.
Asking €320,000 versus the rua Engenheiro Duarte Pacheco area baseline of €288,135 (€2,970/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €288,135, adjusted for condition and micro-location, gives a modelled fair value of €313,780 (€3,235/m²), a €6,220 (2.0%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Engenheiro Duarte Pacheco | Subject | €320,000 | €3,299 | — | 70 | 72 |
| rua Vila Lobos, 41 | Active | €269,000 | €3,736 | 13.3% | 74 | 74 |
| rua Vila Lobos, 41 | Active | €269,000 | €3,736 | 13.3% | 80 | 73 |
| Estômbar e Parchal · 1624b2 | Active | €427,000 | €3,235 | 1.9% | 60 | 76 |
| rua Padre Evaristo Guerreiro S / N | Active | €420,000 | €3,158 | 4.3% | 62 | 62 |
| Median comp | €344,500 | €3,486 | 5.7% | 68 | 74 |
Short-term vacation rental The property presents a fair opportunity for short-term vacation rentals due to its location in the tourist-friendly Algarve region, which attracts a consistent influx of visitors. With a gross yield of 4%, investors can expect stable returns while capitalizing on the area's popularity among tourists. Buy-and-hold While priced at €320,000, marginally above its fair value, this property maintains reasonable appeal for a buy-and-hold strategy given its good condition score of 68/100 and quality neighborhood rating of 72/100. As Portimão continues to be a popular destination for expats, the potential for long-term appreciation exists despite the current pricing. Value-add renovation The property could benefit from renovation strategies, as its current condition score of 68/100 indicates there is room for improvement to increase both rental income and property value. Given the fair valuation, targeted enhancements could yield significant returns while maintaining competitiveness in the growing Portimão market.
Economic Vulnerability The economic stability score of 65/100 indicates a risk of fluctuations in market conditions that could negatively impact rental income.
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