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 121 m² on the 3rd floor, built in 2016, energy rating D. Located on rua Maria Isabel Xavier Fogaça, 20, Portimão parish, Portimão municipality, Faro district. One noteworthy feature of this apartment is the small gourmet area on one balcony, ideal for outdoor barbecues and meals, enhancing its entertainment potential.
The valuation. The asking price of €385,000 sits above the fair value of €365,173 by €19,827 (5.4%). While slightly elevated, this price is still within a reasonable range given the apartment's location and condition.
Fair value modelled at €365,173 from 6 comparable sales in the area. Asking €385,000 sits €19,827 (5.4%) above — overpriced versus fair value.
Asking €385,000 versus the rua Maria Isabel Xavier Fogaça, 20 area baseline of €288,657 (€2,386/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €288,657, adjusted for condition and micro-location, gives a modelled fair value of €365,173 (€3,018/m²), a €19,827 (5.4%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Maria Isabel Xavier Fogaça, 20 | Subject | €385,000 | €3,182 | — | 80 | 70 |
| rua da Paz | Active | €410,000 | €3,203 | 0.7% | 74 | 72 |
| rua da Pedra S / N | Active | €374,900 | €3,073 | 3.4% | 72 | 73 |
| travessa do Vale de Lagar, 6 | Active | €269,000 | €3,092 | 2.8% | 75 | 70 |
| Portimão · e83542 | Active | €370,000 | €2,937 | 7.7% | 74 | 73 |
| Median comp | €372,450 | €3,083 | 3.1% | 74 | 73 |
Short-term vacation rental This 2-bed apartment in Portimão can cater to the growing number of tourists in the Algarve, capitalizing on the region's popularity as a holiday destination. However, with a market yield of 4.3% and a price just above its fair value, profitability may not align with other comparable properties. Buy-and-hold Holding this property offers a moderate potential for future appreciation, particularly in the context of the Algarve's robust tourism cycle and its impact on local demand. Despite the fair pricing at €385,000, the growth prospects may be limited given the current rental yield of 4.3%. Family rental This apartment is well-suited for families due to its size and proximity to various local amenities, which can enhance tenant retention. While the fair value suggests reasonable pricing, the rental yield may limit cash flow potential for long-term investment. Not ideal for: Student housing, Luxury market, Industrial investment The property is poorly aligned for student housing because of its tourist-oriented location, and its price does not support a premium appeal for the luxury market. Additionally, industrial investments are unlikely to benefit from a residential property in this area.
Economic downturn risk With an economic stability score of 65/100 and a tenant stability score of 60/100, the property could face challenges in attracting and retaining tenants during economic downturns, potentially impacting rental income.
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