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 145 m² on the 1st floor, built in 2015, energy rating A. Located on rua Doutor Manuel Bentes, Portimão parish, Portimão municipality, Faro district. Spacious balconies in every room enhance outdoor living, while south-facing solar exposure ensures abundant natural light throughout the day, making this apartment a bright and inviting space.
The valuation. The asking price of €395,000 sits €42,728 (9.8%) below the fair value of €437,728, indicating that the property is underpriced in the current market. This makes it a more attractive option for investors. Buy-to-flip angle. With a favorable acquisition price, a buy-to-flip strategy could generate potential profits by renovating and quickly reselling, capitalizing on the apartment’s modern finishes and high demand in a tourist-heavy area. Buy-to-let angle. The estimated gross yield of 3.8%, with rent expected at approximately €1,251/month, positions this apartment well for steady rental income, particularly appealing for both short-term vacation rentals and long-term leases in Portimão.
Fair value modelled at €437,728 from 6 comparable sales in the area. Asking €395,000 sits €42,728 (9.8%) below — the upside to fair value.
Asking €395,000 versus the rua Doutor Manuel Bentes area baseline of €375,927 (€2,593/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €375,927, adjusted for condition and micro-location, gives a modelled fair value of €437,728 (€3,019/m²), a €42,728 (9.8%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Manuel Bentes | Subject | €395,000 | €2,724 | — | 74 | 72 |
| Portimão · 1338c9 | Active | €318,000 | €2,865 | 5.2% | 78 | 74 |
| rua Engenheiro Francisco Bívar, 3 | Active | €380,000 | €3,065 | 12.5% | 72 | 63 |
| Portimão · 1f3429 | Active | €565,000 | €3,038 | 11.5% | 73 | 77 |
| rua das Traineiras | Active | €315,000 | €3,000 | 10.1% | 78 | 73 |
| Median comp | €349,000 | €3,019 | 10.8% | 76 | 74 |
Short-term vacation rental The property presents a compelling opportunity for short-term vacation rentals, especially given its location in the popular tourist destination of Algarve, which sees substantial seasonal demand. With a fair value of €437,728 and a listing price of €395,000, this property is attractively priced, providing a 3.8% gross yield that can be optimized with effective management. Long-term rental Given the strong demand for rental properties in the Algarve region, this 2-bed apartment is well-positioned to secure reliable long-term tenants, benefiting from the area's car-dependent nature and proximity to amenities. At a current price of €395,000, which is underpriced against its fair market value of €437,728, the property offers a gross yield of 3.8%, making it a sound investment for consistent cash flow. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is appealing because it leverages both the forecasted appreciation in property values within the Algarve housing market and steady rental income. Priced at €395,000, below its fair value of €437,728, the investment facilitates a balanced approach to capital growth and income generation over time.
Economic Vulnerability The economic stability score of 65/100 indicates potential vulnerability to economic downturns, which could adversely affect rental income and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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