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.
2-bedroom, 2-bathroom apartment of 99 m², energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a private garage, enhancing security and convenience, and is situated minutes away from the famous beaches of Portimão, appealing to coastal lifestyle enthusiasts.
The valuation. The asking price of €310,000 sits €37,500 (13.8%) above the fair value of €272,500, indicating that the property is overpriced according to current market conditions.
Fair value modelled at €272,500 from 6 comparable sales in the area. Asking €310,000 sits €37,500 (13.8%) above — overpriced versus fair value.
Asking €310,000 versus the Portimão, Portimão, Faro area baseline of €231,236 (€2,336/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €231,236, adjusted for condition and micro-location, gives a modelled fair value of €272,500 (€2,753/m²), a €37,500 (13.8%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · e83459 | Subject | €310,000 | €3,131 | — | 70 | 76 |
| Portimão · 1625b6 | Active | €420,000 | €3,043 | 2.8% | 76 | 68 |
| Portimão · 6227b5 | Active | €260,000 | €3,095 | 1.2% | 72 | 70 |
| rua do Oceano Atlântico | Active | €425,000 | €2,690 | 14.1% | 70 | 65 |
| rua Francisco Bívar | Active | €330,000 | €2,727 | 12.9% | 70 | 70 |
| Median comp | €375,000 | €2,885 | 7.9% | 71 | 69 |
Short-term vacation rental The property is not ideally positioned for a short-term vacation rental due to its overpriced status, with a fair value gap of 13.8%. This high asking price coupled with a gross yield of only 3.8% suggests limited profitability in a competitive market. Buy-and-hold Investing in this property as a buy-and-hold strategy is less attractive, given that it's overpriced at €310,000 while the fair market value stands at €272,500. The expected appreciation may not compensate for the 3.8% yield, especially in a market influenced by seasonal employment. Luxury market The listing price positions the apartment above its fair value, hindering its appeal in the luxury market segment. With a condition score of 76/100, the property might struggle to justify its price against other higher-quality options within a competitive tourism-driven landscape.
Economic Dependence Risk With an economic stability score of 70/100, there is a significant risk that fluctuations in the local economy could impact tenant retention and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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