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 104 m², built in 1991, energy rating D. Located on beco da Manjerona, Portimão parish, Portimão municipality, Faro district. Notable Feature: The apartment features dual balconies offering countryside views, enhancing outdoor living space and natural light throughout the semi-equipped kitchen and en-suite bedroom.
The valuation. The asking price of €389,500 sits significantly above the fair value of €244,932, with a disparity of €144,568 (59.0%). The property is overpriced according to current market standards.
Fair value modelled at €244,932 from 6 comparable sales in the area. Asking €389,500 sits €144,568 (59.0%) above — overpriced versus fair value.
Asking €389,500 versus the beco da Manjerona area baseline of €216,804 (€2,085/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €216,804, adjusted for condition and micro-location, gives a modelled fair value of €244,932 (€2,355/m²), a €144,568 (59.0%) gap versus the €389,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco da Manjerona | Subject | €389,500 | €3,745 | — | 70 | 71 |
| rua Cerca do Colégio S / N | Active | €335,000 | €2,538 | 32.2% | 74 | 71 |
| Portimão · 25f918 | Active | €349,900 | €2,536 | 32.3% | 66 | 79 |
| estrada de Alvor | Active | €265,000 | €1,893 | 49.5% | — | 71 |
| rua dos Cravos, 7A | Active | €350,000 | €2,273 | 39.3% | 72 | 73 |
| Median comp | €342,450 | €2,405 | 35.8% | 72 | 72 |
Short-term vacation rental The 3-bed apartment in Portimão is overpriced by 59.0%, with a fair value of €244,932 compared to the listing price of €389,500. Despite the appealing yield of 3.6% in a strong tourism-driven market, the cost significantly exceeds its intrinsic value. Buy-and-hold This property does not present a compelling buy-and-hold opportunity given its significant overpricing of 59.0%, as its fair value stands at €244,932. Investors may find better options in the Algarve region that align with more reasonable valuations. Family rental As a family rental, this apartment is also overpriced by 59.0%, with a fair market value of €244,932, highlighting a lack of affordability for long-term tenants. While the neighborhood holds some appeal for families, the current price point may deter prospective renters from considering this property.
Economic and Tenant Stability Risk The property has a moderate economic stability score of 65 and a tenant stability score of 65, indicating potential challenges in retaining tenants or achieving consistent rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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