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 69 m², energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a spacious outdoor terrace, ideal for enjoying the tranquil surroundings and providing additional leisure and entertainment space for residents.
The valuation. The asking price of €290,000 is €12,529 (4.5%) above the fair value of €277,471, indicating that the property is fairly priced given its condition and location.
Fair value modelled at €277,471 from 6 comparable sales in the area. Asking €290,000 sits €12,529 (4.5%) above — overpriced versus fair value.
Asking €290,000 versus the Portimão, Portimão, Faro area baseline of €259,544 (€3,762/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €259,544, adjusted for condition and micro-location, gives a modelled fair value of €277,471 (€4,021/m²), a €12,529 (4.5%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 33bdea | Subject | €290,000 | €4,203 | — | 70 | 62 |
| Alvor · de0c1c | Active | €259,500 | €4,185 | 0.4% | — | 72 |
| Portimão · 261d9d | Active | €222,000 | €2,883 | 31.4% | 65 | 76 |
| Alvor · 4b609e | Active | €270,000 | €3,857 | 8.2% | 70 | 68 |
| Portimão · 956ee1 | Active | €222,000 | €2,921 | 30.5% | 68 | 73 |
| Median comp | €240,750 | €3,389 | 19.4% | 68 | 73 |
Short-term vacation rental The property is positioned well to capitalize on the tourism-driven housing demand, which reflects positively in potential short-term rental income. However, with a fair value gap of 4.5% over the asking price, it may not offer sufficient upside compared to market competition. Buy-and-hold Given the fair pricing and stable yield of 3.8%, this property could serve as a solid buy-and-hold investment in Portimão. Nonetheless, the relatively average condition score of 67/100 suggests that future maintenance could erode returns over time. Family rental This apartment has the potential to attract families due to its adequate size and favorable neighborhood amenities, despite its fair pricing. However, the neighborhood score of 62/100 indicates that while it may meet basic family needs, the overall environment may not be ideal for long-term family living.
Economic Volatility Risk The economic stability score of 60/100 suggests potential fluctuations in the market, which could impact cash flow and asset value. Tenant Turnover Risk A tenant stability score of 55/100 indicates a higher likelihood of tenant turnover, resulting in increased vacancy periods and costs related to finding new tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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