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 122 m² on the 5th floor, built in 1977, energy rating C. Located on rua Frei Manuel Sepúlcro, 29, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The property includes a private terrace with an unobstructed river view, providing an exclusive outdoor space for leisure and relaxation above Portimão’s landscape.
The valuation. The asking price of €275,000 sits just below the fair value of €281,069, indicating a subtle opportunity for negotiation with a differential of €6,069 (2.2%). The property is therefore considered to be fairly priced.
Fair value modelled at €281,069 from 6 comparable sales in the area. Asking €275,000 sits €6,069 (2.2%) below — the upside to fair value.
Asking €275,000 versus the rua Frei Manuel Sepúlcro, 29 area baseline of €318,738 (€2,613/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 45/100 is below the parish average, reducing 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 €318,738, adjusted for condition and micro-location, gives a modelled fair value of €281,069 (€2,304/m²), a €6,069 (2.2%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Frei Manuel Sepúlcro, 29 | Subject | €275,000 | €2,254 | — | 42 | 71 |
| rua do Operário, 2B | Active | €248,000 | €2,318 | 2.8% | 53 | 78 |
| praceta da Fraternidade | Active | €446,000 | €2,114 | 6.2% | — | 72 |
| Portimão · ade5f8 | Active | €161,000 | €2,300 | 2.0% | — | 69 |
| Portimão · 1625c3 | Active | €265,000 | €2,978 | 32.1% | 55 | 72 |
| Median comp | €256,500 | €2,309 | 2.4% | 54 | 72 |
Short-term vacation rental The property may generate a gross yield of 5.2%, benefiting from its location in a tourist-heavy area of Algarve. However, with a fair value gap of only 2.2%, this investment does not present a notable opportunity for immediate profit. Long-term rental With a condition rating of 45 out of 100, the apartment may require significant improvements to attract reliable long-term tenants despite a stable yield of 5.2%. The fair valuation suggests that rental income may be limited by a lack of appealing features to potential renters in the neighborhood. Buy-and-hold The property fits a buy-and-hold strategy due to its location and potential for appreciation, despite its moderate condition score. Nevertheless, the proximity to tourist activities is not sufficient to warrant a strong investment, as the fair value indicates limited upside in capital growth over the long term.
Potential Tenant Turnover Risk The property's tenant stability score of 70/100 indicates a moderate risk of tenant turnover, which could impact rental income stability if tenants frequently vacate the property.
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