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 125 m² on the 6th floor, built in 1980, energy rating D. Located Portimão parish, Portimão municipality, Faro district. This apartment features a balcony with stunning panoramic views, providing both a relaxing outdoor space and abundant natural light throughout the living area.
The valuation. The asking price of €840,000 sits significantly above fair value at €365,566, making it overpriced by €474,434 or 129.8%. This discrepancy suggests that potential investors should approach with caution. Buy-to-flip angle. With strategic renovations and updates, the property could be quickly resold, but given its current price, any profit margins may be slim unless acquisition costs are drastically reduced. Buy-to-let angle. Estimated rental income of €2,030/month results in a gross yield of 2.9%, appealing for long-term investments despite the high purchase price, particularly for attracting short-term vacation rentals in the desirable Algarve area.
Fair value modelled at €365,566 from 6 comparable sales in the area. Asking €840,000 sits €474,434 (129.8%) above — overpriced versus fair value.
Asking €840,000 versus the Portimão, Portimão, Faro area baseline of €311,208 (€2,490/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 €311,208, adjusted for condition and micro-location, gives a modelled fair value of €365,566 (€2,925/m²), a €474,434 (129.8%) gap versus the €840,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 7cad3e | Subject | €840,000 | €6,720 | — | 70 | 73 |
| praceta dos Cooperantes, 18 | Active | €310,000 | €2,925 | 56.5% | 80 | 73 |
| urbanização da Hortinha | Active | €375,000 | €2,757 | 59.0% | 80 | 72 |
| praceta dos Cooperantes, 18 | Active | €310,000 | €2,925 | 56.5% | 78 | 72 |
| rua Fernão Magalhães | Active | €405,000 | €3,022 | 55.0% | 68 | 69 |
| Median comp | €342,500 | €2,925 | 56.5% | 79 | 72 |
Short-term vacation rental This property is overpriced by 129.8%, which indicates that potential short-term rental yields may not meet expectations given the current listing price of €840,000. With a gross yield of only 2.9% and a fair value at €365,566, this investment is unlikely to generate satisfactory returns for vacation rental purposes. Buy-and-hold The property's current valuation significantly exceeds its fair value, suggesting that long-term holding may not be financially sound in the current market environment. With the property priced at €840,000 and a fair value at €365,566, investors might struggle to see capital appreciation or positive cash flow in this buy-and-hold strategy. Family rental At €840,000, the property is overpriced compared to the fair value of €365,566, making it less attractive for family rental investments. With a gross yield of 2.9%, potential rental income may not justify the elevated purchase price, thereby limiting the financial viability of this strategy.
Economic and Tenant Risk The economic stability score of 68 suggests a moderate risk of market fluctuations, while the tenant stability score of 70 indicates a potential for tenant turnover, both of which could impact 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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