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, 1-bathroom apartment of 77 m² on the 2nd floor, built in 1977, energy rating C. Located on rua Doutor Manuel de Almeida, 14, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a closed balcony that enhances living space and offers air conditioning for improved comfort, ensuring a pleasant environment year-round.
The valuation. The asking price of €253,000 is €31,278 (11.0%) below the fair value of €284,278, making this property a compelling investment opportunity as it is underpriced relative to its market potential.
Fair value modelled at €284,278 from 6 comparable sales in the area. Asking €253,000 sits €31,278 (11.0%) below — the upside to fair value.
Asking €253,000 versus the rua Doutor Manuel de Almeida, 14 area baseline of €255,656 (€3,320/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €255,656, adjusted for condition and micro-location, gives a modelled fair value of €284,278 (€3,692/m²), a €31,278 (11.0%) gap versus the €253,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Manuel de Almeida, 14 | Subject | €253,000 | €3,286 | — | 74 | 72 |
| rua da Cooperativa | Active | €285,000 | €3,904 | 18.8% | 75 | 71 |
| rua Horta do Palácio | Active | €299,000 | €3,646 | 11.0% | 72 | 65 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 17.1% | 78 | 68 |
| Portimão · 6228d7 | Active | €325,000 | €3,250 | 1.1% | 72 | 73 |
| Median comp | €292,000 | €3,747 | 14.0% | 74 | 70 |
Short-term vacation rental This 2-bed apartment in Portimão, listed at €253,000, presents a compelling opportunity for short-term vacation rentals given its 11.0% gap below fair value. With a gross yield of 4.1%, investors can expect solid returns, capitalizing on the area's strong tourism demand. Buy-and-hold Investing in this property for a buy-and-hold strategy could be advantageous, as it is currently priced at €253,000, which is 11.0% below its fair value of €284,278. The apartment's growth potential is supported by its favorable neighborhood ratings and the consistent demand from tourists in the Algarve region. Family rental Acquiring this apartment as a family rental investment is sensible due to its competitive listing price and the thriving local rental market fueled by tourism. With a fair market value of €284,278, purchasing at €253,000 showcases an attractive entry point for long-term rental income opportunities underpinned by low crime and solid amenities.
Economic Downturn Risk With an economic stability score of 65/100, there is a potential risk of decreased rental income during economic downturns, which may affect tenant retention and investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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