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 126 m² on the 9th floor, built in 2006, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts an impressive 9th-floor location, providing stunning, unobstructed views of the Algarve landscape and enhanced natural light throughout the living areas.
The valuation. The asking price of €370,000 sits slightly below the fair value of €381,739, presenting a difference of €11,739 (3.1%). The property is assessed as fairly priced in the current market context.
Fair value modelled at €381,739 from 6 comparable sales in the area. Asking €370,000 sits €11,739 (3.1%) below — the upside to fair value.
Asking €370,000 versus the Portimão, Portimão, Faro area baseline of €326,402 (€2,590/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €326,402, adjusted for condition and micro-location, gives a modelled fair value of €381,739 (€3,030/m²), a €11,739 (3.1%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · e83542 | Subject | €370,000 | €2,937 | — | 74 | 73 |
| Portimão · 1441f0 | Active | €335,000 | €3,160 | 7.6% | 74 | 70 |
| Portimão · 6227b5 | Active | €260,000 | €3,095 | 5.4% | 72 | 70 |
| rua Quinta do Amparo, 34-35 | Active | €279,000 | €2,735 | 6.9% | 71 | 70 |
| Portimão · 1625b6 | Active | €420,000 | €3,043 | 3.6% | 76 | 68 |
| Median comp | €307,000 | €3,069 | 4.5% | 73 | 70 |
Short-term vacation rental Investing in a short-term vacation rental in Portimão presents a reasonable opportunity with a gross yield of 3.5% and a fair valuation at €370,000, just 3.1% below the fair value. Given the Algarve's strong tourism appeal and seasonal population influx, this property can attract a steady stream of short-term tenants. Buy-and-hold Acquiring this property as a buy-and-hold investment can be considered sound due to its fair valuation and the 3.5% gross yield, which aligns with market expectations for long-term growth. Its current condition rating of 77/100 indicates that minimal immediate renovations may be needed, allowing for easier tenant acquisition. Long-term rental While this property offers a fair valuation and a steady gross yield of 3.5%, the potential for long-term rental performance may be constrained by its overall condition rating of 77/100 and a neighborhood score of 73/100. The slightly above-market price suggests that investors should proceed cautiously when considering potential rental income in a competitive market. Not ideal for student housing This property is not suited for student housing, as the location does not align with high demand areas for this demographic, potentially limiting tenant interest. Additionally, its overall appeal as a general rental may overshadow the specific needs of student renters, leading to longer vacancy periods. Not ideal for luxury market The property is also not a fit for the luxury market, as its fair valuation at €370,000 and moderate condition score of 77/100 suggest it does not meet the expectations of high-end clientele. This could result in a slower sales process and lower demand among affluent buyers looking for premium features and locations.
Economic downturn risk The economic stability score of 65/100 indicates a moderate risk of downturn that could impact 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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