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, 5-bathroom apartment of 355 m², built in 2012, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This triplex includes two box garages with direct access, and an extensive private outdoor deck that offers exclusive access to the community pool. Outdoor Amenities: The complex features a tennis court, gym, and extensive green areas for recreation.
The valuation. The asking price of €630,000 is significantly below the fair value of €906,076, indicating a notable opportunity with a difference of €276,076 (30.5%). This property is clearly underpriced relative to its true market value.
Fair value modelled at €906,076 from 6 comparable sales in the area. Asking €630,000 sits €276,076 (30.5%) below — the upside to fair value.
Asking €630,000 versus the Portimão, Portimão, Faro area baseline of €644,704 (€1,816/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €644,704, adjusted for condition and micro-location, gives a modelled fair value of €906,076 (€2,552/m²), a €276,076 (30.5%) gap versus the €630,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · a0cb4a | Subject | €630,000 | €1,775 | — | 87 | 75 |
| Portimão · f10c90 | Active | €440,000 | €2,280 | 28.5% | 70 | 70 |
| Portimão · 16249d | Active | €565,000 | €2,500 | 40.9% | 72 | 61 |
| Portimão · fb292b | Active | €560,000 | €2,605 | 46.8% | 78 | 71 |
| beco António Vicente de Castro, 3 | Active | €550,000 | €2,657 | 49.7% | 80 | 73 |
| Median comp | €555,000 | €2,553 | 43.8% | 75 | 71 |
Short-term vacation rental The property, with its sizeable 355m² and tourist-friendly location in Portimão, presents a compelling opportunity for short-term vacation rentals, benefiting from the region’s strong tourism appeal. Despite a 0% gross yield, the 30.5% gap from fair value of €906,076 suggests significant potential for appreciation. Buy-and-hold Given the solid condition rating of 85/100 and the attractive amenities present in the Algarve, this property is positioned well for long-term buy-and-hold strategies. The fair value indication underscores that, despite current pricing at €630,000, the 30.5% gap suggests an advantageous investment for future equity growth. Family rental The strong infrastructure and safety typical of the Algarve make this property suitable for family rentals, catering to a demographic seeking stable living arrangements. The 30.5% fair value gap indicates that the current price of €630,000 may not reflect its true market potential in the family rental segment, even without a gross yield at this time.
[Moderate economic uncertainty] With an economic stability score of 70/100, there may be moderate risks associated with fluctuations in job opportunities and income levels that could affect tenant demand.
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