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.
3-bedroom, 2-bathroom apartment of 133 m², built in 2024, energy rating A. Located on rua de São Pedro, Portimão parish, Portimão municipality, Faro district. Noteworthy features: The apartment offers a private garage space and a balcony accessible from both the suite and kitchen, enhancing outdoor connectivity in a tranquil setting.
The valuation. The asking price of €475,000 is significantly above fair value, which is assessed at €341,557. This results in an excessive premium of €133,443 (39.1%), indicating that the property is overpriced.
Fair value modelled at €341,557 from 6 comparable sales in the area. Asking €475,000 sits €133,443 (39.1%) above — overpriced versus fair value.
Asking €475,000 versus the rua de São Pedro area baseline of €272,238 (€2,047/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €272,238, adjusted for condition and micro-location, gives a modelled fair value of €341,557 (€2,568/m²), a €133,443 (39.1%) gap versus the €475,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de São Pedro | Subject | €475,000 | €3,571 | — | 92 | 78 |
| Portimão · 65a47c | Active | €360,000 | €2,571 | 28.0% | 70 | 72 |
| Portimão · 8ee91c | Active | €479,000 | €2,508 | 29.8% | 75 | 71 |
| rua Salgueiro Maia | Active | €399,000 | €3,410 | 4.5% | 75 | 73 |
| Portimão · 4d4699 | Active | €400,000 | €3,774 | 5.7% | — | 66 |
| Median comp | €399,500 | €2,991 | 16.3% | 75 | 72 |
Short-term vacation rental The property is overpriced at €475,000, significantly exceeding the fair value of €341,557, indicating a 39.1% gap. Given the current yield of 0% gross and strong tourism influence in the Algarve, this investment does not present an attractive opportunity for short-term vacation rentals. Buy-and-hold With a listing price of €475,000 and a fair value of only €341,557, the 39.1% disparity suggests this asset is overpriced. The capital appreciation potential appears limited, making it a less favorable buy-and-hold investment in the current market context. Luxury market At €475,000, the apartment's price far surpasses its fair value of €341,557, revealing a 39.1% overpricing that does not align with luxury market expectations. Despite the property's decent condition score of 82/100, the luxury segment requires more than just location to justify the price, which ultimately renders this property a poor luxury investment choice.
Economic Vulnerability The economic stability score of 65 suggests potential fluctuations in the local economy may impact property value or returns, creating a risk for investors.
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