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, 1-bathroom apartment of 113 m² on the 1st floor. Located on rua Machado de Castro, Portimão parish, Portimão municipality, Faro district. The apartment includes a contemporary kitchen equipped with high-end appliances, and energy-efficient windows designed to maximize natural light throughout the living spaces.
The valuation. The asking price of €310,000 sits €18,002 (5.5%) below the fair value of €328,002. This property is fairly priced considering market conditions and comparable sales in the area.
Fair value modelled at €328,002 from 6 comparable sales in the area. Asking €310,000 sits €18,002 (5.5%) below — the upside to fair value.
Asking €310,000 versus the rua Machado de Castro area baseline of €324,400 (€2,871/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €324,400, adjusted for condition and micro-location, gives a modelled fair value of €328,002 (€2,903/m²), a €18,002 (5.5%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Machado de Castro | Subject | €310,000 | €2,743 | — | 75 | 70 |
| rua Francisco Alvo, 3 | Active | €380,000 | €3,016 | 9.9% | 74 | 69 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 4.5% | 72 | 70 |
| rua dos Morgados, 6 | Active | €265,000 | €2,789 | 1.7% | 78 | 74 |
| rua 1 de Dezembro | Active | €265,000 | €2,789 | 1.7% | 70 | 76 |
| Median comp | €312,000 | €2,789 | 1.7% | 73 | 72 |
Short-term vacation rental This property holds an attractive 3.7% gross yield, making it a competitive option for short-term vacation rentals in the tourism-driven Algarve region. However, given its fair valuation of €310,000, it doesn't present a substantial discount against its fair market value of €328,002, so investors should manage expectations. Buy-and-hold With a fair value rating and a reasonable yield of 3.7%, this apartment can serve as a stable buy-and-hold investment in a popular coastal area. The fair pricing dynamics imply limited upside potential, prompting investors to consider other options for better returns. Long-term rental Offering a 3.7% gross yield, this property can appeal to long-term rental tenants in a balanced rental market. While it is positioned well within the fair value range, investors should note that the yield doesn't indicate significant appreciation prospects in the near term.
Economic Vulnerability The property’s economic stability score of 60/100 indicates a moderate risk of economic downturns affecting tenant demand and rental rates.
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