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 62 m² on the 6th floor, built in 1973, energy rating C. Located Portimão parish, Portimão municipality, Faro district. This apartment offers breathtaking estuary views from its sixth-floor vantage point, enhancing both its aesthetic appeal and potential for lucrative short-term rentals.
The valuation. The asking price of €265,000 is significantly above the fair value of €202,714, representing an overpricing of €62,286 (30.7%). This valuation suggests that potential buyers may not receive a return on their investment based on fair market assessment.
Fair value modelled at €202,714 from 6 comparable sales in the area. Asking €265,000 sits €62,286 (30.7%) above — overpriced versus fair value.
Asking €265,000 versus the Portimão, Portimão, Faro area baseline of €167,495 (€2,702/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €167,495, adjusted for condition and micro-location, gives a modelled fair value of €202,714 (€3,270/m²), a €62,286 (30.7%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 7cac73 | Subject | €265,000 | €4,274 | — | 78 | 72 |
| Portimão · b32812 | Active | €297,000 | €2,750 | 35.7% | 80 | 70 |
| avenida das Comunidades Lusíadas | Active | €365,000 | €5,984 | 40.0% | 80 | 64 |
| rua da Raminha, 25 | Active | €308,000 | €3,385 | 20.8% | 75 | 74 |
| Alvor · dc13fc | Active | €347,000 | €3,155 | 26.2% | 72 | 74 |
| Median comp | €327,500 | €3,270 | 23.5% | 78 | 72 |
Short-term vacation rental This 3-bed apartment in Portimão is overpriced by 30.7%, with a fair value of €202,714 compared to the listing price of €265,000. While the location benefits from the tourist-heavy Algarve region, the gross yield of 3.9% does not justify the elevated price. Buy-and-hold Given its overpriced status, the €265,000 asking price significantly exceeds the fair value of €202,714, yielding only 3.9% gross. Investors should consider that the potential long-term appreciation in such a tourist area may not adequately compensate for the current overvaluation. Value-add renovation With a current fair value of €202,714, the property’s asking price indicates it is overpriced by 30.7%, limiting the potential for profitable renovations. Investing in enhancements may provide some appreciation, but the initial overprice may hinder overall value increase.
Economic vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturns affecting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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