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.
6-bedroom, 4-bathroom house of 742 m², energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The property includes a versatile additional lot allowing for further construction of 330m², and features a 2-story design with an elevator for easy access.
The valuation. With an asking price of €2,600,000, the property is €780,415 or 42.9% above its fair value of €1,819,585, reflecting a significant overvaluation. This discrepancy suggests potential challenges in achieving a profitable sale. Buy-to-flip angle. The resale strategy focuses on significant renovations to modernize the kitchen and bathrooms, potentially capitalizing on the Algarve's appeal. However, the current overvaluation could hinder achieving desired profit margins post-flip. Buy-to-let angle. With a gross yield of 0% and declining to traditional rental income, using a buy-to-let strategy may be limited. Short-term vacation rentals could yield better returns given the Algarve's tourist traffic, but high initial costs remain a concern.
Fair value modelled at €1,819,585 from 6 comparable sales in the area. Asking €2,600,000 sits €780,415 (42.9%) above — overpriced versus fair value.
Asking €2,600,000 versus the Portimão, Portimão, Faro area baseline of €1,586,999 (€2,139/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €1,586,999, adjusted for condition and micro-location, gives a modelled fair value of €1,819,585 (€2,452/m²), a €780,415 (42.9%) gap versus the €2,600,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 57f8cd | Subject | €2,600,000 | €3,504 | — | 70 | 68 |
| rua Dona Maria de Aragão e Castela | Active | €760,000 | €2,289 | 34.7% | 74 | 70 |
| rua Fernão de Magalhães, 16 | Active | €650,000 | €3,023 | 13.7% | 70 | 62 |
| Portimão · 2620cd | Active | €820,000 | €1,943 | 44.5% | 66 | 81 |
| Portimão · 4bbf95 | Active | €798,000 | €2,771 | 20.9% | — | 74 |
| Median comp | €779,000 | €2,530 | 27.8% | 70 | 72 |
Short-term vacation rental The property is listed at €2,600,000, significantly above the fair value of €1,819,585, reflecting a 42.9% price gap that undermines the viability of short-term rentals in the area. With a gross yield of 0% and a condition score of 73/100, this investment will struggle to deliver the expected returns in a competitive market. Long-term rental At €2,600,000, this property is overpriced compared to its fair value of €1,819,585, indicating potential oversupply risks for long-term rental strategies. The lack of yield and middling neighborhood score of 68/100 further suggest that this may not be a sustainable rental investment. Buy-and-hold With a gap of 42.9% between the listing price of €2,600,000 and the fair value of €1,819,585, holding this property long-term presents a financial burden rather than an opportunity. Given the 0% yield and average neighborhood conditions, it's unlikely to appreciate adequately in the short to medium term.
Potential for High Vacancy The combined economic stability score of 65 and tenant stability score of 60 indicates a risk of high vacancy rates, potentially leaving the property unoccupied for prolonged periods.
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