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 90 m² on the 3rd floor, built in 2004, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Features: The property benefits from exclusive local traffic access and a pleasant balcony with unobstructed sea views, enhancing its appeal for relaxation and outdoor enjoyment.
The valuation. The asking price of €390,000 sits significantly below fair value of €521,639, indicating a disparity of €131,639 (25.2%). This suggests the property is underpriced relative to its market potential.
Fair value modelled at €521,639 from 6 comparable sales in the area. Asking €390,000 sits €131,639 (25.2%) below — the upside to fair value.
Asking €390,000 versus the Portimão, Portimão, Faro area baseline of €480,537 (€5,339/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 €480,537, adjusted for condition and micro-location, gives a modelled fair value of €521,639 (€5,796/m²), a €131,639 (25.2%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 0c0665 | Subject | €390,000 | €4,333 | — | 73 | 75 |
| rua dos Três Castelos | Active | €548,000 | €6,447 | 48.8% | 78 | 72 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 55.3% | 75 | 74 |
| praceta Mar de Timor | Active | €335,000 | €3,018 | 30.4% | 68 | 71 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 55.3% | 79 | 75 |
| Median comp | €573,500 | €6,589 | 52.0% | 77 | 73 |
Short-term vacation rental The property’s location in a tourist-heavy area of Algarve positions it favorably for short-term vacation rentals, offering strong potential for generating consistent occupancy. With a gross yield of 4.2% and the property being assessed at 25.2% below fair value, this investment strategy is particularly compelling. Buy-and-hold Investing in this 2-bed apartment as a buy-and-hold strategy is attractive due to its significant gap from fair value, indicating long-term appreciation potential. Additionally, the solid condition rating of 76/100 ensures that the property can maintain its attractiveness to tenants over time. Value-add renovation Given the current condition rating of 76/100, there is an opportunity to enhance the property’s value through strategic renovations, potentially increasing rent and market appeal. Coupled with the 25.2% gap from fair value, this strategy could yield substantial returns post-renovation. Not ideal for: Student housing, Luxury market, Industrial
Economic Vulnerability The economic stability score of 65/100 indicates a moderate level of risk due to potential fluctuations in the local economy that could impact tenant stability and rental income.
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