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, 1-bathroom house of 112 m², built in 1979, energy rating F. Located Portimão parish, Portimão municipality, Faro district. The property features a large terrace ideal for outdoor dining, enhancing its potential for leisure and relaxation in the sunny Algarve climate.
The valuation. The asking price of €298,000 is below the fair value of €327,526, making it reasonable by €29,526 (9.0%). The property is fairly valued, offering a balanced opportunity for potential investors.
Fair value modelled at €327,526 from 6 comparable sales in the area. Asking €298,000 sits €29,526 (9.0%) below — the upside to fair value.
Asking €298,000 versus the Portimão, Portimão, Faro area baseline of €346,156 (€3,091/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €346,156, adjusted for condition and micro-location, gives a modelled fair value of €327,526 (€2,924/m²), a €29,526 (9.0%) gap versus the €298,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 07fc2e | Subject | €298,000 | €2,661 | — | 51 | 73 |
| Portimão · 19f6a9 | Active | €179,000 | €3,140 | 18.0% | 38 | 71 |
| Portimão · 4a44c3 | Active | €230,000 | €2,130 | 20.0% | — | 67 |
| rua Engenheiro Duarte Pacheco | Active | €320,000 | €3,299 | 24.0% | 58 | 74 |
| Estômbar e Parchal · 1624b2 | Active | €427,000 | €3,235 | 21.6% | 60 | 76 |
| Median comp | €275,000 | €3,188 | 19.8% | 58 | 73 |
Short-term vacation rental This property may not be the best fit as a short-term vacation rental due to its fair valuation, suggesting limited potential for immediate appreciation in a competitive Algarve market. Although the 4% gross yield aligns with typical expectations, the 9.0% gap from fair value indicates that price sensitivity could influence occupancy rates during off-peak seasons. Long-term rental The property is fairly priced for long-term rental, with a gross yield of 4% reflecting stable income potential in a popular tourist area. However, the 55/100 condition rating suggests that while it may attract tenants, ongoing maintenance costs could diminish returns over time. Buy-and-hold Investing in this property as a buy-and-hold strategy may yield moderate returns, as it is fairly valued against its fair market price. Given the steady tourism-driven economy of Portimão, the property can generate consistent rental income, although its current condition could hinder long-term capital appreciation.
Economic Vulnerability The economic stability score of 65/100 suggests a moderate level of economic risk, which may 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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