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 70 m², built in 1969, energy rating D. Located Portimão parish, Portimão municipality, Faro district. This property features a balcony with urban views and the unique advantage of air conditioning in a well-located area, perfect for those seeking comfort and accessibility.
The valuation. The asking price of €235,000 sits €20,244 (7.9%) below the fair value of €255,244, indicating that the property is fairly priced in the current market.
Fair value modelled at €255,244 from 6 comparable sales in the area. Asking €235,000 sits €20,244 (7.9%) below — the upside to fair value.
Asking €235,000 versus the Portimão, Portimão, Faro area baseline of €250,378 (€3,577/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €250,378, adjusted for condition and micro-location, gives a modelled fair value of €255,244 (€3,646/m²), a €20,244 (7.9%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 2d84ae | Subject | €235,000 | €3,357 | — | 65 | 68 |
| rua Comandante Carvalho Araújo | Active | €260,000 | €3,514 | 4.7% | 60 | 70 |
| Portimão · 1f35cf | Active | €290,000 | €3,867 | 15.2% | 65 | 73 |
| rua França Borges | Active | €199,000 | €3,262 | 2.8% | 61 | 72 |
| praceta António Lopes Ribeiro, 16 | Active | €260,000 | €3,714 | 10.6% | 72 | 76 |
| Median comp | €260,000 | €3,614 | 7.7% | 63 | 73 |
Short-term vacation rental While the property offers an attractive 4.3% gross yield, the fair value suggests that the current asking price reflects a stable investment rather than a compelling opportunity in the short-term vacation rental market. Given the location in Algarve, it may appeal to tourists, but the slightly inflated price limits potential returns. Buy-and-hold The property presents a fair valuation at €235,000 compared to a fair value of €255,244, indicating that holding this asset would yield moderate long-term appreciation in a tourism-driven economy. However, with a 4.3% yield, the investment is better suited for supportive cash flow rather than substantial future capital gains. Value-add renovation Considering the property's condition rating of 65/100, the potential for value-add renovations could enhance the overall appeal and justify the current asking price; however, the fair value suggests that substantial returns are already factored into the listing. This limits the attractiveness of this strategy as the property does not present a significant gap to justify heavy investment in renovations.
Tenant turnover risk The combination of a tenant stability score of 60/100 suggests a potential for higher turnover rates, which could lead to increased vacancy periods and costs associated with re-leasing the property.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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