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.
3-bedroom, 2-bathroom apartment of 90 m² on the 3rd floor, built in 2005, energy rating C. Located Portimão parish, Portimão municipality, Faro district. This property boasts dual balconies enhancing outdoor living, with a direct kitchen connection, and includes both air conditioning in the living area and one bedroom for optimal comfort.
The valuation. The asking price of €299,500 sits well above the fair value of €222,802, marking a significant overvaluation of €76,698 (34.4%). This places the property in a challenging position for prospective buyers looking for value in the market.
Fair value modelled at €222,802 from 6 comparable sales in the area. Asking €299,500 sits €76,698 (34.4%) above — overpriced versus fair value.
Asking €299,500 versus the Portimão, Portimão, Faro area baseline of €182,549 (€2,028/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €182,549, adjusted for condition and micro-location, gives a modelled fair value of €222,802 (€2,476/m²), a €76,698 (34.4%) gap versus the €299,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 7caa55 | Subject | €299,500 | €3,328 | — | 75 | 75 |
| Portimão · b32ba4 | Active | €312,000 | €2,438 | 26.8% | 72 | 80 |
| Portimão · 6228d7 | Active | €325,000 | €3,250 | 2.3% | 72 | 73 |
| Portimão · 4681e2 | Active | €460,000 | €2,514 | 24.5% | 78 | 71 |
| rua dos Cravos, 7A | Active | €350,000 | €2,273 | 31.7% | 72 | 73 |
| Median comp | €337,500 | €2,476 | 25.6% | 72 | 73 |
Short-term vacation rental The property presents a yield of 4.6%, which is modest given the 34.4% gap to fair value. As demand from tourists may support short-term rentals, the current pricing still positions this investment as overpriced. Long-term rental While the neighborhood boasts a decent score of 75/100 for tenant quality, the current listing price suggests an unsustainable investment with a significant gap from its fair value. The high purchase price of €299,500 undermines the potential for long-term rental profitability, making it an overpriced asset. Buy-and-hold Although the property is located in a tourist-friendly area, the 34.4% overpricing compared to its fair value indicates a challenging environment for a buy-and-hold strategy. As such, holding this asset at such a premium does not justify its expected long-term value appreciation, deeming it overpriced.
Market Volatility Risk: With both economic stability and tenant stability scores at 70, there is a moderate risk of fluctuations in rental income and potential vacancies, which could affect overall returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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