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 149 m² on the 6th floor, built in 2002, energy rating D. Located on beco das Romãzeiras, 3, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a closed sunroom for laundry and storage, enhancing functional living space while benefiting from two terraces with direct access from bedrooms. Location Advantage: Positioned just steps away from shops and the Aqua Portimão Shopping Center, it promotes an active, walkable lifestyle in the city center.
The valuation. The asking price of €349,000 sits at €11,083, or 3.1%, below the fair value of €360,083, indicating it is fairly priced for the market. Buy-to-flip angle. The property may benefit from cosmetic updates to enhance its appeal and position it for a profitable resale, tapping into the vibrant Algarve market. Buy-to-let angle. With an estimated gross yield of 4%, generating around €1,163 monthly from short-term vacation rentals can provide sustainable cash flow while capitalizing on the area's tourism dynamics.
Fair value modelled at €360,083 from 6 comparable sales in the area. Asking €349,000 sits €11,083 (3.1%) below — the upside to fair value.
Asking €349,000 versus the beco das Romãzeiras, 3 area baseline of €285,776 (€1,918/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €285,776, adjusted for condition and micro-location, gives a modelled fair value of €360,083 (€2,417/m²), a €11,083 (3.1%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco das Romãzeiras, 3 | Subject | €349,000 | €2,342 | — | 75 | 74 |
| urbanização Colina Real, 10 | Active | €449,000 | €2,128 | 9.2% | 73 | 73 |
| Portimão · caa1bd | Active | €340,000 | €2,125 | 9.3% | 78 | 74 |
| Portimão · a80253 | Active | €360,000 | €2,400 | 2.5% | 75 | 71 |
| Portimão · 3a710f | Active | €365,000 | €2,433 | 3.9% | 73 | 69 |
| Median comp | €362,500 | €2,264 | 3.3% | 74 | 72 |
Short-term vacation rental The apartment's strategic location in Portimão, a hub for tourism in the Algarve, makes it a potentially appealing option for short-term vacation rentals despite its fair valuation. With a gross yield of 4%, the property can generate steady income, though market competition may impact occupancy rates. Buy-and-hold As the property is valued fairly at €349,000, long-term appreciation could be limited given the current price relative to its fair value of €360,083. The 4% gross yield suggests moderate returns, making this strategy more suited for investors looking to maintain a steady asset rather than maximize short-term gains. Family rental While this property meets basic family needs, its price is aligned with fair value, which may dampen its appeal in a competitive rental market. The neighborhood's average ratings suggest decent living conditions, yet the potential for rental price increases could be constrained in the current economic landscape.
Economic vulnerability The economic stability score of 65/100 indicates a moderate risk of fluctuations in the market, potentially affecting tenant retention and rental income.
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