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 79 m², built in 1972, energy rating F. Located on rua Carmen Miranda S / N, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The property includes a modern kitchen with high-end Delinia ID Tokyo finishes and a multi-purpose balcony ideal for a laundry area or winter garden, enhancing its usability.
The valuation. The asking price of €269,000 sits €11,279 above the fair value of €257,721, representing a 4.4% premium. Overall, it is considered to be priced at fair market value.
Fair value modelled at €257,721 from 6 comparable sales in the area. Asking €269,000 sits €11,279 (4.4%) above — overpriced versus fair value.
Asking €269,000 versus the rua Carmen Miranda S / N area baseline of €295,704 (€3,743/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 51/100 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 €295,704, adjusted for condition and micro-location, gives a modelled fair value of €257,721 (€3,262/m²), a €11,279 (4.4%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Carmen Miranda S / N | Subject | €269,000 | €3,405 | — | 45 | 72 |
| Portimão · 5da100 | Active | €284,000 | €3,737 | 9.7% | 61 | 77 |
| Portimão · d05a4f | Active | €170,000 | €3,542 | 4.0% | 35 | 67 |
| rua França Borges, 6 | Active | €199,000 | €3,262 | 4.2% | 60 | 70 |
| rua França Borges, 1 | Active | €290,000 | €2,929 | 14.0% | 65 | 74 |
| Median comp | €241,500 | €3,402 | 0.1% | 61 | 72 |
Long-term rental The current listing price of €269,000 reflects a fair valuation against the calculated fair value of €257,721, allowing for a potential gross yield of 4.5%. Given the neighborhood's decent rating of 72/100, this property may attract stable tenants despite the seasonal nature of economic activity in the Algarve. Short-term vacation rental While the gross yield of 4.5% aligns with expectations for the short-term rental market, the fair value analysis shows only a 4.4% difference from the asking price, indicating no significant pricing advantage. The area’s strong tourism appeal suggests potential occupancy but is moderated by the apartment's condition rating of 51/100. Buy-and-hold Holding this property could be viable, as the current price of €269,000 is close to its fair value of €257,721, providing a modest opportunity for capital appreciation over time. However, with the property’s condition rated at 51/100, ongoing maintenance and improvements will be necessary to maintain its competitiveness in the marketplace.
Tenant turnover risk The tenant stability score of 65/100 suggests a potential for higher turnover rates, which may lead to increased vacancy periods and associated costs. Economic stability risk With an economic stability score of 70/100, there may be underlying economic challenges that could affect rental income and property value stability.
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