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 76 m² on the 2nd floor, built in 1993. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes two balconies that provide ample outdoor space and is situated just a 5-minute drive from Vau Beach, enhancing its appeal for relaxation and leisure.
The valuation. The asking price of €238,000 is significantly above the fair value of €212,513, indicating the property is overpriced by €25,487 (12.0%). This suggests less negotiating power for prospective buyers.
Fair value modelled at €212,513 from 6 comparable sales in the area. Asking €238,000 sits €25,487 (12.0%) above — overpriced versus fair value.
Asking €238,000 versus the Portimão, Portimão, Faro area baseline of €189,662 (€2,496/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €189,662, adjusted for condition and micro-location, gives a modelled fair value of €212,513 (€2,796/m²), a €25,487 (12.0%) gap versus the €238,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 5e6426 | Subject | €238,000 | €3,132 | — | 70 | 70 |
| Portimão · f46d35 | Active | €260,000 | €2,857 | 8.8% | 74 | 73 |
| Portimão · 831870 | Active | €330,000 | €2,727 | 12.9% | 70 | 68 |
| Portimão · 38b71f | Active | €245,000 | €3,182 | 1.6% | 56 | 70 |
| rua Quinta do Amparo, 34-35 | Active | €279,000 | €2,735 | 12.7% | 71 | 70 |
| Median comp | €269,500 | €2,796 | 10.7% | 71 | 70 |
Short-term vacation rental The property’s listing price of €238,000 exceeds the fair value of €212,513, indicating that it is overpriced for this market. With a gross yield of 5.1%, the return may not justify the cost, particularly given the competitive landscape of Algarve vacation rentals. Buy-and-hold Investing in this property for a buy-and-hold strategy seems less attractive due to its current price point being 12.0% above fair value. While the location has strong appeal, the yield and condition suggest that long-term capital appreciation may not meet expectations given the current premium on price. Long-term rental For long-term rental investors, the current price of €238,000 positions this apartment as overpriced against its fair valuation of €212,513. Although there may be demand due to the general appeal of the Algarve coast, the yield of 5.1% is not compelling given the higher acquisition cost.
Economic Vulnerability With an economic stability score of 60/100, there is a significant risk that external factors could adversely impact the market value of this property.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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