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 86 m² on the 4th floor, built in 1988, energy rating C. Located on rua de Timor, 20, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes two versatile additional rooms perfect for a laundry area or pantry, enhancing daily functionality in a well-maintained, contemporary layout. Location Advantage: Positioned within a short walk to the riverside and energetic Avenida 25 de Abril, it offers urban convenience with leisure opportunities nearby.
The valuation. The asking price of €280,000 sits €12,899 (4.4%) below the fair value of €292,899, indicating this property is priced fairly within the current market context. Buy-to-flip angle. A buy-to-flip strategy could focus on minor cosmetic upgrades, leveraging the apartment's modern aesthetic to enhance resale value in a quick turnaround. Buy-to-let angle. The estimated rental income of €1,050 per month provides a gross yield of 4.5%, making it a viable option for a buy-and-hold strategy targeting short-term vacation rentals in the Algarve's tourist-centric area.
Fair value modelled at €292,899 from 5 comparable sales in the area. Asking €280,000 sits €12,899 (4.4%) below — the upside to fair value.
Asking €280,000 versus the rua de Timor, 20 area baseline of €264,071 (€3,071/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €264,071, adjusted for condition and micro-location, gives a modelled fair value of €292,899 (€3,406/m²), a €12,899 (4.4%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Timor, 20 | Subject | €280,000 | €3,256 | — | 75 | 67 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 18.2% | 78 | 68 |
| rua da Fábrica, 37 | Active | €235,000 | €3,406 | 4.6% | 72 | 68 |
| Portimão · a80b17 | Active | €259,000 | €3,238 | 0.6% | 70 | 73 |
| rua Doutor Manuel de Almeida, 14 | Active | €253,000 | €3,286 | 0.9% | 74 | 72 |
| Median comp | €256,000 | €3,346 | 2.8% | 73 | 70 |
Short-term vacation rental The property’s location in a tourist-centric region offers potential for solid occupancy rates during peak seasons, capitalizing on its appeal to vacationers. However, with a fair value of €292,899 and a listing price of €280,000, the yield of 4.5% indicates only a modest return compared to the market standards. Buy-and-hold Despite being fairly priced, the 4.5% gross yield may not provide the long-term appreciation potential one might seek for a buy-and-hold strategy in a competitive market. The apartment's condition rating of 73/100 suggests reasonable upkeep but may require future investments to maintain value. Family rental The apartment can serve as a stable family rental option, but the neighborhood score of 67/100 suggests that amenities and tenant quality could limit desirability. Although it is strategically placed in a tourist-friendly locale, its fair valuation may not make it the most attractive option for long-term family rentals in the area.
Potential for Tenant Turnover The combined economic and tenant stability scores of 65/100 indicate a moderate risk of tenant turnover, which could lead to vacancy losses and increased leasing costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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