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 95 m² on the 3rd floor, built in 2008, energy rating C. Located on rua dos Morgados, 6, Portimão parish, Portimão municipality, Faro district. This property features expansive open views of both the countryside and the sea, enhancing its tranquil atmosphere, while the well-maintained interiors boast modern finishes that appeal to contemporary lifestyles.
The valuation. The asking price of €265,000 sits slightly below the fair value of €272,799, representing a difference of €7,799 or 2.9%. Given this alignment, the property is deemed fairly priced.
Fair value modelled at €272,799 from 6 comparable sales in the area. Asking €265,000 sits €7,799 (2.9%) below — the upside to fair value.
Asking €265,000 versus the rua dos Morgados, 6 area baseline of €277,896 (€2,925/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 below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €277,896, adjusted for condition and micro-location, gives a modelled fair value of €272,799 (€2,872/m²), a €7,799 (2.9%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Morgados, 6 | Subject | €265,000 | €2,789 | — | 78 | 74 |
| Portimão · 652ff9 | Active | €295,000 | €3,105 | 11.3% | 65 | 70 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 6.1% | 72 | 70 |
| rua Francisco Alvo, 3 | Active | €380,000 | €3,016 | 8.1% | 74 | 69 |
| Portimão · 1625b6 | Active | €420,000 | €3,043 | 9.1% | 76 | 68 |
| Median comp | €369,500 | €3,030 | 8.6% | 73 | 70 |
Short-term vacation rental The 3-bed apartment in Portimão is positioned in a prime tourist area, making it a reasonable option for short-term vacation rentals with a gross yield of 3.9%. Despite its fair value assessment, the property is not anticipated to generate significant appreciation in such a competitive rental market. Long-term rental With a fair listing price of €265,000, the property’s rental yield of 3.9% aligns with the neighborhood’s overall rental demand and tenant quality. However, the current valuation does not present a compelling long-term investment opportunity given the modest yield and market saturation. Buy-and-hold This apartment holds potential for long-term stability in a tourist-driven economy, but the fair valuation suggests limited upside for capital growth. Thus, while it may serve as a durable investment, the current price may deter investment from more aggressive buy-and-hold strategies due to the lack of significant value enhancement prospects.
Economic Vulnerability: With an economic stability score of 65/100, there is a significant risk of local market fluctuations impacting rental income stability, which may result in decreased cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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