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 apartment of 70 m², built in 1993, energy rating D. Located on urbanização Jardins da Bemposta, 223, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a balcony with garden views and access to a communal swimming pool, enhancing its appeal for outdoor relaxation and social gatherings.
The valuation. The asking price of €329,000 is significantly above the fair value of €270,667, resulting in an overvaluation of €58,333 (21.6%). This discrepancy indicates the property is overpriced for the current market conditions.
Fair value modelled at €270,667 from 6 comparable sales in the area. Asking €329,000 sits €58,333 (21.6%) above — overpriced versus fair value.
Asking €329,000 versus the urbanização Jardins da Bemposta, 223 area baseline of €230,886 (€3,298/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €230,886, adjusted for condition and micro-location, gives a modelled fair value of €270,667 (€3,867/m²), a €58,333 (21.6%) gap versus the €329,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Jardins da Bemposta, 223 | Subject | €329,000 | €4,700 | — | 75 | 63 |
| Portimão · ba5a79 | Active | €290,000 | €3,295 | 29.9% | 74 | 75 |
| praceta José Cardoso Pires | Active | €370,000 | €4,625 | 1.6% | 85 | 73 |
| avenida São João de Deus | Active | €249,000 | €3,662 | 22.1% | 80 | 73 |
| Portimão · 03255d | Active | €290,000 | €3,867 | 17.7% | 72 | 73 |
| Median comp | €290,000 | €3,765 | 19.9% | 77 | 73 |
Short-term vacation rental Due to the property being overpriced at €329,000, the expected gross yield of 3.4% limits its attractiveness for short-term vacation rentals, particularly in a tourist-heavy region like Portimão. The gap of 21.6% from the fair value suggests that potential revenue may not adequately justify the investment in this strategy. Buy-and-hold The property’s price of €329,000 is overvalued compared to its fair value of €270,667, making it less appealing for a buy-and-hold strategy that typically benefits from long-term appreciation. With a gross yield of only 3.4%, the investment return does not align well with holding costs in this competitive market. Family rental As the property is currently listed at €329,000, which exceeds the fair value by 21.6%, it is positioned unfavorably for a family rental strategy, especially given the neighborhood quality score of 63/100. The limited yield and higher pricing suggest that attracting long-term families may prove challenging in a market that requires more competitive pricing to secure tenants.
Economic volatility risk With both economic stability and tenant stability scores at 60/100, there is a significant risk of fluctuating rental income and potential difficulties in maintaining occupancy rates, which could adversely affect investment returns.
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