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 88 m² on the 5th floor, built in 2006, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes pre-installation for central vacuuming and boasts two balconies, enhancing convenience and outdoor access in a tranquil residential area of Portimão.
The valuation. The asking price of €290,000 is slightly below the fair value of €303,772, making it a fair purchase at only 4.5% less than the estimated market worth. Buy-to-flip angle. The resale strategy targets renovations to quickly enhance property appeal, leveraging its decent condition and desirable location to attract buyers for a profitable flip. Buy-to-let angle. With an estimated gross yield of 4.6%, the rental income strategy focuses on long-term tenants, capitalizing on Portimão's tourism to secure consistent monthly earnings of approximately €1,112.
Fair value modelled at €303,772 from 6 comparable sales in the area. Asking €290,000 sits €13,772 (4.5%) below — the upside to fair value.
Asking €290,000 versus the Portimão, Portimão, Faro area baseline of €293,934 (€3,340/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €293,934, adjusted for condition and micro-location, gives a modelled fair value of €303,772 (€3,452/m²), a €13,772 (4.5%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 51b42f | Subject | €290,000 | €3,295 | — | 68 | 70 |
| Portimão · bf2a1f | Active | €285,000 | €2,615 | 20.7% | 65 | 72 |
| Portimão · 1f35cf | Active | €290,000 | €3,867 | 17.3% | 65 | 73 |
| Portimão · f10c11 | Active | €280,000 | €3,294 | 0% | 68 | 70 |
| rua da Cooperativa | Active | €285,000 | €3,904 | 18.5% | 75 | 71 |
| Median comp | €285,000 | €3,581 | 8.6% | 67 | 72 |
Long-term rental This property provides a gross yield of 4.6%, which is reasonable for a long-term rental in a tourist-heavy area like Algarve. Given its fair value assessment, the rental income potential is stable, but the benefits of long-term tenancy may not fully capitalize on the area's transient population. Short-term vacation rental A 4.6% gross yield suggests the potential for short-term vacation rental management; however, competition is fierce in Portimão. While the property is fairly valued, the 66/100 condition score indicates that renovations may be needed to maximize nightly rates. Buy-and-hold In a fair-value scenario, the property in Portimão offers a moderate investment for a buy-and-hold strategy, particularly with the area's strong tourism profile. Market dynamics may yield stable appreciation over time, but with a condition score of only 66/100, a focus on maintenance will be essential to preserve investment value.
Economic vulnerability The economic stability score of 60/100 indicates a moderate risk of economic downturns impacting rental income and property value.
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