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 house of 54 m², built in 1971, energy rating E. Located on rua da Pedra, Portimão parish, Portimão municipality, Faro district. This property features a spacious 85 m² terrace and pre-installation for a second bathroom, providing potential for outdoor leisure and future expansions.
The valuation. The asking price of €349,000 is significantly above the fair value of €242,194, indicating the property is overpriced by €106,806 or 44.1%. This discrepancy suggests caution for potential investors looking for value.
Fair value modelled at €242,194 from 6 comparable sales in the area. Asking €349,000 sits €106,806 (44.1%) above — overpriced versus fair value.
Asking €349,000 versus the rua da Pedra area baseline of €217,386 (€4,026/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €217,386, adjusted for condition and micro-location, gives a modelled fair value of €242,194 (€4,485/m²), a €106,806 (44.1%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Pedra | Subject | €349,000 | €6,463 | — | 78 | 73 |
| rua Vila Lobos, 41 | Active | €269,000 | €3,736 | 42.2% | 80 | 73 |
| rua Vila Lobos, 41 | Active | €269,000 | €3,736 | 42.2% | 74 | 74 |
| Portimão · 65a674 | Active | €349,000 | €4,474 | 30.8% | 75 | 73 |
| rua 16 de Maio | Active | €355,000 | €5,000 | 22.6% | 80 | 68 |
| Median comp | €309,000 | €4,105 | 36.5% | 78 | 73 |
Short-term vacation rental The high asking price of €349,000 for this property significantly exceeds its fair value of €242,194, marking it as overpriced by 44.1%. Even with strong seasonal rental demand in the Algarve, the 3.3% gross yield does not justify this premium investment cost. Buy-and-hold Acquiring this 2-bed house at €349,000 is not advisable as it is overpriced compared to the fair value of €242,194, resulting in a gap of 44.1%. While long-term appreciation could be envisioned in a tourist-heavy area, the immediate return on investment is undermined by the inflated purchase price. Long-term rental This property’s listing price of €349,000 sets it apart as overpriced in relation to the fair value of €242,194, creating a 44.1% discrepancy. The existing rental yield of 3.3% does not compensate for the excessive initial investment, particularly given the financial constraints of long-term tenants in the area.
Economic Vulnerability The economic stability score of 65 indicates a moderate risk of economic downturn, which could impact tenant retention and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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