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, 2-bathroom apartment of 118 m², energy rating G. Located on rua D. Carlos Primeiro, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts two expansive balconies totaling 16m², perfect for outdoor relaxation and entertaining in a bright, modern setting. Location Benefits: Nestled in a tranquil area, it offers convenient access to shops, restaurants, and public transport.**
The valuation. The asking price of €350,000 is above the fair value of €321,796, by €28,204 (8.8%). This property is fairly priced in a competitive market. Buy-to-flip angle. A potential resale strategy could capitalize on the apartment's high-quality features and desirable location, targeting buyers in the thriving Algarve market. Buy-to-let angle. With an estimated rental income of €992/month, the property offers a gross yield of 3.4%, appealing for long-term hold strategies, especially due to its location in a high-demand tourist area.
Fair value modelled at €321,796 from 6 comparable sales in the area. Asking €350,000 sits €28,204 (8.8%) above — overpriced versus fair value.
Asking €350,000 versus the rua D. Carlos Primeiro area baseline of €254,977 (€2,161/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €254,977, adjusted for condition and micro-location, gives a modelled fair value of €321,796 (€2,727/m²), a €28,204 (8.8%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua D. Carlos Primeiro | Subject | €350,000 | €2,966 | — | 78 | 77 |
| rua Dom José I, 73C | Active | €250,000 | €2,604 | 12.2% | 70 | 71 |
| Portimão · b329a4 | Active | €399,000 | €2,463 | 17.0% | 73 | 69 |
| Portimão · ec1a2c | Active | €285,000 | €2,850 | 3.9% | 55 | 72 |
| rua do Oceano Índico, 1 | Active | €305,000 | €3,631 | 22.4% | 80 | 70 |
| Median comp | €295,000 | €2,727 | 8.1% | 72 | 71 |
Short-term vacation rental The 2-bed apartment in Portimão offers a gross yield of 3.4%, which aligns with the expectations for a strong rental market in the Algarve due to its status as a high-demand tourist region. However, the property's price of €350,000 is only 8.8% above the fair value of €321,796, reflecting a fair investment opportunity rather than a significant upside for short-term rentals. Buy-and-hold With a fair valuation and a competitive yield of 3.4%, this property may serve as a stable buy-and-hold investment in a growing market. Given the steady demand from tourists in the Algarve, the apartment’s fair pricing of €350,000 signifies its potential to generate consistent returns, albeit without a deep discount. Family rental The property is situated in a neighborhood that scores 77/100, indicating decent amenities and tenant quality, which makes it suitable for family rental purposes. Even though it is priced fairly at €350,000, the apartment's overall yield of 3.4% suggests only modest returns for family rentals in this strong tourism-driven market.
Potential vacancy risk: With both economic and tenant stability scores at 75/100, there is a potential risk of elevated vacancy rates if market conditions fluctuate unfavorably, impacting rental income stability.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
