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 100 m², built in 1987, energy rating E. Located on rua Vale de Lagar, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a spacious living room that benefits from excellent natural light, enhancing its appeal for both family living and entertaining guests.
The valuation. The asking price of €249,000 sits €14,342 (6.1%) above the fair value of €234,658, indicating a market position that is reasonable but not a bargain. The property is fairly valued based on current market conditions.
Fair value modelled at €234,658 from 6 comparable sales in the area. Asking €249,000 sits €14,342 (6.1%) above — overpriced versus fair value.
Asking €249,000 versus the rua Vale de Lagar area baseline of €236,011 (€2,360/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €236,011, adjusted for condition and micro-location, gives a modelled fair value of €234,658 (€2,347/m²), a €14,342 (6.1%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vale de Lagar | Subject | €249,000 | €2,490 | — | 58 | 73 |
| Alvor · a8027b | Active | €390,000 | €2,653 | 6.5% | 56 | 72 |
| urbanização Algarvesol | Active | €280,000 | €2,393 | 3.9% | 60 | 68 |
| Alvor · 5b85b9 | Active | €390,000 | €2,191 | 12.0% | 65 | 75 |
| Alvor · 831431 | Active | €390,000 | €2,653 | 6.5% | 54 | 71 |
| Median comp | €390,000 | €2,523 | 1.3% | 58 | 72 |
Short-term vacation rental The property’s location in Portimão attracts a significant influx of tourists, leading to strong demand for short-term rentals. The gross yield of 5.5% supports a stable return on investment, although the fair valuation indicates caution in pricing expectations. Buy-and-hold Considering the fair value of €234,658, this could offer a reasonable long-term investment if the local tourism market remains robust. The 5.5% gross yield suggests decent cash flow potential, though future appreciation may be limited given the current pricing. Long-term rental While the property could perform adequately as a long-term rental, the fair value suggests that potential returns may not fully capitalize on opportunities in the Portimão market. The neighborhood's amenities and overall score of 73 enhance rental desirability, yet investors should remain aware of market dynamics when considering this option.
Economic Vulnerability The economic stability score of 60 indicates potential fluctuations in the local economy that may affect rental income.**
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