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 96 m² on the 6th floor, built in 2003, energy rating C. Located on urbanização da Raminha, Portimão parish, Portimão municipality, Faro district. Remarkable Feature: The apartment boasts spacious balconies that enhance outdoor living, perfect for enjoying morning coffee or evening relaxation while overlooking the scenic neighborhood.
The valuation. The asking price of €299,000 is €24,118 (8.8%) above the fair value of €274,882, indicating a balanced valuation without indicating any significant bargain opportunity. Buy-to-flip angle. A potential resale strategy could leverage the appealing condition and high-quality finishes to attract buyers, targeting a profit margin upon sale. Buy-to-let angle. With an estimated rental income of €997/month, this investment presents a gross yield of 4%, positioned well for consistent returns in a popular tourist area.
Fair value modelled at €274,882 from 6 comparable sales in the area. Asking €299,000 sits €24,118 (8.8%) above — overpriced versus fair value.
Asking €299,000 versus the urbanização da Raminha area baseline of €235,353 (€2,452/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €235,353, adjusted for condition and micro-location, gives a modelled fair value of €274,882 (€2,863/m²), a €24,118 (8.8%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização da Raminha | Subject | €299,000 | €3,115 | — | 74 | 68 |
| Portimão · f46d35 | Active | €260,000 | €2,857 | 8.3% | 74 | 73 |
| Alvor · 622808 | Active | €140,000 | €3,256 | 4.5% | 78 | 60 |
| Portimão · ee8920 | Active | €330,000 | €2,870 | 7.9% | 76 | 80 |
| rua Quinta do Amparo, 34-35 | Active | €279,000 | €2,735 | 12.2% | 71 | 70 |
| Median comp | €269,500 | €2,864 | 8.1% | 75 | 72 |
Short-term vacation rental The property’s proximity to Algarve communities, coupled with its expected seasonal demand from tourism, positions it reasonably for short-term rentals. However, with a gross yield of 4% and a fair value gap of 8.8%, the investment returns may be limited due to its fair pricing relative to market conditions. Long-term rental With a fair valuation and a decent yield of 4%, this 2-bed apartment is suitable for long-term rental in a region known for tourism-driven demand. Nevertheless, the fair pricing indicates that the return potential may not be as compelling compared to other options in the market. Buy-and-hold Owning this property for a buy-and-hold strategy can be viable given its fair value alignment and steady rental income potential. However, the current pricing level means that it may not offer significant appreciation upside, limiting benefits for long-term investors.
Economic Volatility Risk The economic stability score of 65/100 indicates moderate risks of market fluctuations that could impact rental income.
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