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, 1-bathroom apartment of 75 m² on the 3rd floor, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Unique Feature: The property includes recently updated plumbing, ensuring enhanced safety and reliability for future owners while maintaining a functional living space. Additional Context: Located in a vibrant area with comprehensive amenities, perfect for immediate occupancy.
The valuation. The asking price of €255,000 is €18,476 (6.8%) below the fair value of €273,476, indicating a fair valuation for the property. This suggests a balanced investment without immediate concerns of overpricing.
Fair value modelled at €273,476 from 5 comparable sales in the area. Asking €255,000 sits €18,476 (6.8%) below — the upside to fair value.
Asking €255,000 versus the Portimão, Portimão, Faro area baseline of €262,029 (€3,494/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 €262,029, adjusted for condition and micro-location, gives a modelled fair value of €273,476 (€3,646/m²), a €18,476 (6.8%) gap versus the €255,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 53ce1a | Subject | €255,000 | €3,400 | — | 70 | 71 |
| Portimão · 8313bc | Active | €299,000 | €3,646 | 7.2% | 70 | 73 |
| rua França Borges | Active | €199,000 | €3,262 | 4.1% | 61 | 72 |
| rua Horta do Palácio | Active | €299,000 | €3,646 | 7.2% | 72 | 65 |
| Portimão · 1f35cf | Active | €290,000 | €3,867 | 13.7% | 65 | 73 |
| Median comp | €294,500 | €3,646 | 7.2% | 68 | 73 |
Short-term vacation rental The property in Portimão presents a viable option for short-term vacation rental given its proximity to tourist attractions and a gross yield of 5%. However, with a gap of only 6.8% against fair value, potential investors should approach with caution as the pricing suggests the property is fairly valued. Buy-and-hold Investing in this three-bedroom apartment as a buy-and-hold strategy may provide reasonable long-term returns in a region supported by steady tourism demand. Nevertheless, with the property's valuation aligning closely to fair value, any immediate expectation of significant appreciation may be limited. Family rental For family rental purposes, this apartment has merit due to its decent condition score of 68 and neighborhood rating of 71, indicative of a reasonably appealing living environment. Still, considering the fair valuation, potential landlords should carefully assess return expectations relative to market competition. Not ideal for: Student housing, Value-add renovation, Industrial property
Tenant turnover risk High tenant turnover may occur due to the economic stability score of 65, which suggests potential challenges in maintaining long-term tenants.
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