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 156 m² on the 2nd floor, energy rating A+. Located on rua das Ondas, 2E, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a spacious 29.20 m² balcony ideal for outdoor entertaining, and a private closed garage box of 26.10 m² for secure parking.
The valuation. The asking price of €649,000 is positioned at €119,585 (15.6%) below the fair value of €768,585, marking it as an attractive opportunity for real estate investors seeking properties under fair market pricing.
Fair value modelled at €768,585 from 6 comparable sales in the area. Asking €649,000 sits €119,585 (15.6%) below — the upside to fair value.
Asking €649,000 versus the rua das Ondas, 2E area baseline of €659,464 (€4,227/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €659,464, adjusted for condition and micro-location, gives a modelled fair value of €768,585 (€4,927/m²), a €119,585 (15.6%) gap versus the €649,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Ondas, 2E | Subject | €649,000 | €4,160 | — | 80 | 68 |
| Portimão · dc150a | Active | €675,000 | €5,153 | 23.9% | 76 | 76 |
| rua da Vila Rosa S / N | Active | €647,000 | €5,882 | 41.4% | 80 | 74 |
| Portimão · 6229bd | Active | €959,000 | €4,701 | 13.0% | 90 | 71 |
| Portimão · 86ca05 | Active | €959,000 | €4,701 | 13.0% | 90 | 74 |
| Median comp | €817,000 | €4,927 | 18.4% | 85 | 74 |
Short-term vacation rental This property is well-positioned in Portimão, a tourist hotspot, making it a viable candidate for short-term vacation rentals, especially given its fair value assessment indicating a favorable pricing gap of 15.6%. With a gross yield of 3.4% and a condition rating of 85/100, it offers suitable amenities for transient guests seeking high-quality accommodations. Long-term rental With its spacious 156m² layout and competitive fair value, this apartment stands out as a solid investment for long-term rentals in a region with stable tenant demand due to its tourist appeal. The 3.4% gross yield, combined with a neighborhood rating of 68/100, presents the potential for consistent rental income and tenant retention. Buy-and-hold Acquiring this apartment as a buy-and-hold investment leverages the 15.6% gap to its fair value, suggesting long-term appreciation potential in Portimão’s thriving real estate market. The property’s favorable condition and location—enhanced by the area's low crime rates tied to its economic dependence on tourism—indicate a worthwhile asset for future equity growth.
Economic Sensitivity The combined scores of economic stability at 65/100 and tenant stability at 65/100 indicate a moderate risk of economic fluctuations negatively impacting rental income stability.
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