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 100 m², energy rating F. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: This apartment includes private garage space, adding significant convenience for urban living in Portimão and offering protection for vehicles from the elements.
The valuation. The asking price of €285,000 sits just below the fair value of €290,280, representing a slight undervaluation of €5,280 (1.8%). Verdict: fair.
Fair value modelled at €290,280 from 6 comparable sales in the area. Asking €285,000 sits €5,280 (1.8%) below — the upside to fair value.
Asking €285,000 versus the Portimão, Portimão, Faro area baseline of €294,638 (€2,946/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €294,638, adjusted for condition and micro-location, gives a modelled fair value of €290,280 (€2,903/m²), a €5,280 (1.8%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · ec1a2c | Subject | €285,000 | €2,850 | — | 55 | 72 |
| Portimão · 28bc6e | Active | €290,500 | €1,410 | 50.5% | 55 | 74 |
| rua Professor Doutor Montalvão Marques, 1 | Active | €285,000 | €2,740 | 3.8% | 58 | 73 |
| rua João da Cruz, 14 | Active | €265,000 | €3,313 | 16.2% | 65 | 75 |
| Portimão · 4a43a4 | Active | €325,000 | €2,708 | 5.0% | 60 | 74 |
| Median comp | €287,750 | €2,724 | 4.4% | 59 | 74 |
Long-term rental The property offers a competitive gross yield of 5.1%, making it a viable option for long-term rental in a region with strong tourism influence. Given the fair valuation at €285,000 compared to the fair value of €290,280, the investment holds stability without significant appreciation potential. Short-term vacation rental With its location in the Algarve region, this apartment presents opportunities for short-term vacation rentals due to its desirable tourism appeal. However, given that it is fairly priced at €285,000, potential rental income may be limited by heightened competition from other accommodations in the area. Buy-and-hold Investing in this property as a buy-and-hold strategy can be reasonable considering the fair valuation and historical steady occupancy rates driven by tourism. However, with a low gap of only 1.8% under fair value, the potential for significant appreciation over time appears muted. Not ideal for: The property does not fit well into the student housing market, luxury market, or value-add renovation strategies, as these segments may require more dynamic pricing and investment than this apartment can provide.
Economic Dependence Risk The economic stability score of 65/100 indicates a moderate risk of downturns that could affect rental income, while the tenant stability score of 70/100 suggests some vulnerability in tenant retention during economic shifts.
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