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 171 m² on the 4th floor, built in 2021, energy rating B. Located on rua do Oceano Atlântico, Portimão parish, Portimão municipality, Faro district. This property boasts a spacious communal terrace with a pool and sun loungers, offering breathtaking panoramic views over Portimão Marina and the river.
The valuation. The asking price of €750,000 is slightly below the fair value of €761,383, representing a difference of €11,383 (1.5%). This property is considered to be valued fairly in the current market.
Fair value modelled at €761,383 from 6 comparable sales in the area. Asking €750,000 sits €11,383 (1.5%) below — the upside to fair value.
Asking €750,000 versus the rua do Oceano Atlântico area baseline of €618,286 (€3,616/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 87/100 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 €618,286, adjusted for condition and micro-location, gives a modelled fair value of €761,383 (€4,453/m²), a €11,383 (1.5%) gap versus the €750,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Oceano Atlântico | Subject | €750,000 | €4,386 | — | 85 | 71 |
| urbanização Encosta do Pateiro | Active | €420,000 | €3,043 | 30.6% | 71 | 68 |
| Portimão · 4a81a4 | Active | €425,000 | €3,728 | 15.0% | 75 | 70 |
| Portimão · 090095 | Active | €495,000 | €3,536 | 19.4% | 75 | 75 |
| rua da Vila Rosa S / N | Active | €647,000 | €5,882 | 34.1% | 80 | 74 |
| Median comp | €460,000 | €3,632 | 17.2% | 75 | 72 |
Short-term vacation rental The property in Portimão presents an opportunity in the short-term vacation rental market given its strategic location in a popular tourist destination, although its current listing price is closely aligned with fair value, showing only a 1.5% gap. With a gross yield of 2.9% and a condition rating of 87/100, the potential for seasonal income generation exists, but investors should also be wary of market fluctuations related to tourism. Buy-and-hold Investing in this 3-bed apartment as a buy-and-hold asset may yield moderate returns given the fair valuation, but the current gross yield of 2.9% suggests a relatively slow capital appreciation over time. The neighborhood's quality rating of 71/100 indicates adequate amenities, yet the dependence on seasonal tourism may pose risks for long-term stability and growth. Value-add renovation Pursuing a value-add renovation strategy can enhance the property’s appeal, potentially allowing for improved rental income or resale value, though the property is currently fairly priced, limiting immediate upside. The existing condition score of 87/100 indicates a well-maintained unit, yet enhancements could elevate competitiveness in the vacation rental niche while navigating the 1.5% fair value gap cautiously.
Economic Vulnerability The property has a low economic stability score of 55/100, indicating potential challenges in maintaining consistent rental income due to economic factors.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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