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 122 m² on the 2nd floor, built in 2005, energy rating D. Located on rua da Pedra S / N, Portimão parish, Portimão municipality, Faro district. This apartment offers direct access to two balconies, enhancing outdoor living space and providing natural light to both the kitchen and main bedroom.
The valuation. The asking price of €374,900 is only slightly above the fair value of €355,026, resulting in a discrepancy of €19,874 (5.6%). This indicates that the property is priced fairly within the current market. Buy-to-flip angle. A buy-to-flip strategy could yield a potential profit by renovating and then reselling the property at a higher price given the desirable features and location in Portimão. Buy-to-let angle. The estimated rental income of €906 per month generates a gross yield of 2.9%, making it a suitable option for long-term rental in a tourist-heavy area like Algarve.
Fair value modelled at €355,026 from 6 comparable sales in the area. Asking €374,900 sits €19,874 (5.6%) above — overpriced versus fair value.
Asking €374,900 versus the rua da Pedra S / N area baseline of €307,045 (€2,517/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 above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €307,045, adjusted for condition and micro-location, gives a modelled fair value of €355,026 (€2,910/m²), a €19,874 (5.6%) gap versus the €374,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Pedra S / N | Subject | €374,900 | €3,073 | — | 72 | 73 |
| rua da Pedra, 9 | Active | €320,000 | €2,963 | 3.6% | 70 | 72 |
| Portimão · f46d35 | Active | €260,000 | €2,857 | 7.0% | 74 | 73 |
| Alvor · 622808 | Active | €140,000 | €3,256 | 6.0% | 78 | 60 |
| Portimão · efdcb4 | Active | €375,000 | €2,778 | 9.6% | 74 | 72 |
| Median comp | €290,000 | €2,910 | 5.3% | 74 | 72 |
Short-term vacation rental The property in Portimão presents a gross yield of 2.9%, indicating a modest return on investment for short-term rentals in the vibrant Algarve region. However, the 5.6% gap from fair value suggests that investors may find more attractive opportunities in the market. Long-term rental Offering a long-term rental strategy can provide stable cash flow, but the yield remains low at 2.9%, suggesting limited upside potential in rental income. Additionally, considering the fair valuation status, prospective renters may be deterred by the property's pricing. Buy-and-hold A buy-and-hold strategy may not be ideal, as the property is priced fairly at €374,900 with a gap of 5.6% from fair value. This positioning implies slow value appreciation potential in a mature market like Portimão, reflecting a cautious investment outlook for long-term growth.
Economic volatility risk The economic stability score of 65/100 suggests potential fluctuations in local economic conditions that could impact rental income.
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