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, 2-bathroom apartment of 92 m² on the 3rd floor, built in 2021, energy rating A. Located Portimão parish, Portimão municipality, Faro district. Noteworthy features: The second balcony, equipped with a fixed barbecue area, enhances outdoor living and dining possibilities, offering privacy and comfort for year-round enjoyment in the Algarve climate.
The valuation. The asking price of €415,000 sits €37,117 (9.8%) above the fair value of €377,883, indicating a property that is fairly priced relative to the market. This suggests an equitable transaction opportunity for potential buyers.
Fair value modelled at €377,883 from 6 comparable sales in the area. Asking €415,000 sits €37,117 (9.8%) above — overpriced versus fair value.
Asking €415,000 versus the Portimão, Portimão, Faro area baseline of €325,336 (€3,536/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 €325,336, adjusted for condition and micro-location, gives a modelled fair value of €377,883 (€4,107/m²), a €37,117 (9.8%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · bf229d | Subject | €415,000 | €4,511 | — | 85 | 71 |
| rua da Vila Rosa S / N | Active | €647,000 | €5,882 | 30.4% | 80 | 74 |
| Portimão · 6a946f | Active | €622,000 | €4,411 | 2.2% | 88 | 73 |
| avenida Tomás Cabreira | Active | €480,000 | €4,404 | 2.4% | 78 | 70 |
| Estômbar e Parchal · 262077 | Active | €325,000 | €2,559 | 43.3% | 85 | 78 |
| Median comp | €551,000 | €4,408 | 2.3% | 83 | 74 |
Short-term vacation rental This property’s proximity to coastal attractions makes it a candidate for short-term vacation rental, but the current price is only marginally above fair value by 9.8%. With a gross yield of 3.2% and a neighbourhood score of 71/100, returns might be limited compared to more competitively priced alternatives. Long-term rental While a long-term rental could provide stable income, with the property priced at €415,000 against a fair value of €377,883, the yield of 3.2% might not be compelling for investors. The condition rating of 82/100 indicates solid livability, but the pricing suggests it could take longer to achieve attractive returns. Buy-and-hold As a buy-and-hold strategy, this property sits at a fair valuation, albeit slightly overpriced relative to its fair market value. The overall neighbourhood rating of 71/100 indicates decent long-term investment potential, but the slim yield of 3.2% may challenge total return expectations over time.
Tenant turnover risk The combination of a 65/100 economic stability score and a 65/100 tenant stability score suggests a potential for higher tenant turnover, which could disrupt cash flow and increase vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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