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.
4-bedroom, 2-bathroom apartment of 126 m², built in 2008, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes two terraces perfect for outdoor relaxation and is situated in a highly sought residential area with convenient access to amenities and stunning Algarve beaches.
The valuation. The asking price of €446,000 is significantly above fair value, which is set at €319,623. This results in an overvaluation of €126,377 (39.5%).
Fair value modelled at €319,623 from 6 comparable sales in the area. Asking €446,000 sits €126,377 (39.5%) above — overpriced versus fair value.
Asking €446,000 versus the Portimão, Portimão, Faro area baseline of €289,027 (€2,294/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €289,027, adjusted for condition and micro-location, gives a modelled fair value of €319,623 (€2,537/m²), a €126,377 (39.5%) gap versus the €446,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 2fcbdb | Subject | €446,000 | €3,540 | — | 70 | 72 |
| Portimão · b32ba4 | Active | €312,000 | €2,438 | 31.1% | 72 | 80 |
| avenida São João de Deus, 49 | Active | €325,000 | €2,289 | 35.3% | 72 | 70 |
| rua Cerca do Colégio S / N | Active | €335,000 | €2,538 | 28.3% | 74 | 71 |
| rua Frei Manuel Sepúlcro | Active | €325,000 | €3,457 | 2.3% | 70 | 72 |
| Median comp | €325,000 | €2,488 | 29.7% | 72 | 72 |
Short-term vacation rental This property, despite its location in a prime tourist area of the Algarve, is overpriced by 39.5% compared to its fair value, making it a less attractive investment for vacation rental purposes. The expected gross yield is 0%, indicating that the initial purchase price does not align with potential rental income in an area with high seasonal demand. Long-term rental Given the significant gap from the fair value, this property does not present an appealing opportunity for long-term rental investment within the competitive rental market of Portimão. The gross yield remains at 0%, and the high purchase price further diminishes any potential profitability in a rental context. Buy-and-hold Holding this property as a long-term investment is not advisable due to its overvaluation of 39.5% relative to fair value, which diminishes the likelihood of achieving a favorable return on investment. With a gross yield of 0% and an overall condition rating of 68/100, this asset lacks the fundamentals needed for successful appreciation over time.
Economic Vulnerability The economic stability score of 65/100 suggests potential fluctuations in market conditions that could affect property value and rental income.
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