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 91 m² on the 4th floor, energy rating C. Located on avenida Fernando Pessoa, 8C, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a small pantry for additional storage and features a long drying rack outside the bedroom windows, ideal for practical living. Location Highlights: Positioned close to schools, hospitals, and the beach, it offers excellent potential for rental income.
The valuation. The asking price of €300,000 is very close to the fair value of €299,382, sitting just €618 (0.2%) higher. This indicates a property priced at market parity, reflecting solid value for potential buyers.
Fair value modelled at €299,382 from 6 comparable sales in the area. Asking €300,000 sits €618 (0.2%) above — overpriced versus fair value.
Asking €300,000 versus the avenida Fernando Pessoa, 8C area baseline of €262,744 (€2,887/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €262,744, adjusted for condition and micro-location, gives a modelled fair value of €299,382 (€3,290/m²), a €618 (0.2%) gap versus the €300,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Fernando Pessoa, 8C | Subject | €300,000 | €3,297 | — | 72 | 64 |
| rua de Timor, 20 | Active | €280,000 | €3,256 | 1.2% | 75 | 67 |
| Portimão · f10c11 | Active | €280,000 | €3,294 | 0.1% | 68 | 70 |
| rua Doutor Manuel de Almeida, 14 | Active | €253,000 | €3,286 | 0.3% | 74 | 72 |
| rua da Fábrica, 37 | Active | €235,000 | €3,406 | 3.3% | 72 | 68 |
| Median comp | €266,500 | €3,290 | 0.2% | 73 | 69 |
Short-term vacation rental The property in Portimão offers a gross yield of 3.5%, which is reasonable but not exceptional in the competitive short-term rental market of the Algarve. Given the fair value alignment at €300,000, potential returns may be limited due to the slight gap against fair market value. Long-term rental With a fair value of €299,382 and a modest yield of 3.5%, this apartment may not provide the most attractive returns for long-term rental investments. The condition rating of 76/100 indicates a decent living space, yet the relatively low neighborhood score of 64/100 may deter potential tenants. Buy-and-hold Investing in this property as a buy-and-hold strategy aligns closely with fair market value, indicating stability but limited potential for appreciation. While the Algarve region is a popular destination, the current vacancy in aggressive price growth suggests that the property may not yield significant long-term gains despite the advantageous tourism context.
Tenant turnover risk The tenant stability score of 60/100 suggests a moderate likelihood of tenant turnover, which could impact cash flow and lead to increased vacancy periods.
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