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.
4-bedroom, 2-bathroom apartment of 153 m² on the 4th floor, built in 2005, energy rating E. Located on rua dos Bombeiros Voluntários, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features a common balcony accessed from both the kitchen and living room, enhancing the connection to outdoor space and natural light.
The valuation. The asking price of €430,000 is positioned 6.8% above the fair value of €402,490, indicating a fair valuation. This aligns with the property’s competitive features without suggesting it is undervalued or a deal. Buy-to-flip angle. A buy-to-flip strategy is viable, leaning into the area's tourist appeal for a quick resale at an improved price, ideally after minor upgrades that enhance aesthetics. Buy-to-let angle. With an estimated gross yield of 4.9%, the property can generate approximately €1,756 per month through short-term vacation rentals, appealing to tourists and maximizing rental income.
Fair value modelled at €402,490 from 6 comparable sales in the area. Asking €430,000 sits €27,510 (6.8%) above — overpriced versus fair value.
Asking €430,000 versus the rua dos Bombeiros Voluntários area baseline of €344,960 (€2,255/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 €344,960, adjusted for condition and micro-location, gives a modelled fair value of €402,490 (€2,631/m²), a €27,510 (6.8%) gap versus the €430,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Bombeiros Voluntários | Subject | €430,000 | €2,810 | — | 72 | 66 |
| Portimão · 190801 | Active | €385,000 | €2,567 | 8.7% | 70 | 69 |
| Portimão · 1441f0 | Active | €335,000 | €3,160 | 12.5% | 74 | 70 |
| Portimão · 1441c5 | Active | €379,500 | €2,875 | 2.3% | 74 | 69 |
| Portimão · a80ab6 | Active | €360,000 | €2,571 | 8.5% | 74 | 68 |
| Median comp | €369,750 | €2,723 | 3.1% | 74 | 69 |
Short-term vacation rental Due to the area’s tourist-driven economic boost, this property can capitalize on seasonal demand, potentially attracting vacationers. However, the 4.9% gross yield suggests a moderate return on investment within the current market conditions, making it suitable but not exceptional. Buy-and-hold As a buy-and-hold investment, this property offers a fair value assessment of €402,490 relative to the listing price of €430,000, indicating that long-term appreciation could align closely with market growth. The moderate condition rating of 76/100 implies necessary upkeep to maintain value, though it remains a reasonable option for patient investors. Family rental While suited for family rentals, the property’s location in a tourist-heavy area may present challenges due to seasonality affecting tenant stability. The 66/100 neighborhood rating reflects potential risks in tenant quality and retention that investors should consider when evaluating long-term rental stability.
Economic Vulnerability The economic stability score of 65 indicates potential fluctuations in the market, which may affect overall property value and tenant retention, whereas a tenant stability score of 60 raises concerns about the reliability of rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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