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, 3-bathroom apartment of 139 m² on the 5th floor, built in 2006, energy rating B. Located on rua Alfredo Keil, 52, Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: The newly renovated outdoor area features a modern swimming pool designed for both relaxation and social gatherings, enhancing the apartment's appeal in the Algarve lifestyle.
The valuation. The asking price of €415,000 is €34,497 (9.1%) above the fair value of €380,503, indicating that while the property is not a bargain, its pricing is aligned with the current market conditions. Buy-to-flip angle. The property’s potential for resale lies in its location near popular Algarve tourist regions like Albufeira, making it attractive for quick flips, especially in the luxury market. Buy-to-let angle. With an estimated gross yield of 3.7% and a monthly rental income of approximately €1,280, this apartment is positioned well for consistent cash flow in the short-term vacation rental market.
Fair value modelled at €380,503 from 6 comparable sales in the area. Asking €415,000 sits €34,497 (9.1%) above — overpriced versus fair value.
Asking €415,000 versus the rua Alfredo Keil, 52 area baseline of €335,188 (€2,411/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €335,188, adjusted for condition and micro-location, gives a modelled fair value of €380,503 (€2,737/m²), a €34,497 (9.1%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Alfredo Keil, 52 | Subject | €415,000 | €2,986 | — | 70 | 74 |
| Portimão · fb292b | Active | €560,000 | €2,605 | 12.8% | 78 | 71 |
| Portimão · fb2935 | Active | €522,000 | €2,610 | 12.6% | 80 | 76 |
| urbanização Alto do Alfarrobal | Active | €435,000 | €3,480 | 16.6% | 73 | 68 |
| Portimão · 1338c9 | Active | €318,000 | €2,865 | 4.0% | 78 | 74 |
| Median comp | €478,500 | €2,738 | 8.3% | 78 | 73 |
Short-term vacation rental This property presents a fair investment opportunity in the short-term vacation rental market, with a gross yield of 3.7% that aligns with the neighborhood's tourism appeal. Given its proximity to popular Algarve tourist regions, this apartment can attract seasonal tourists, though potential returns may be limited by its fair valuation. Luxury market The apartment’s condition of 75/100 and its location in Portimão make it an appropriate candidate for the luxury market, appealing to affluent buyers looking for attractive second homes. However, with a listing price at €415,000, the property is fairly priced and may not yield significant gains in the luxury segment compared to similarly priced alternatives. Buy-and-hold Investors considering a buy-and-hold strategy should recognize that while the apartment is in an acceptable condition and located in a pleasant neighborhood, its current valuation suggests modest appreciation potential. With a fair value gap of 9.1%, long-term capital growth may not meet the expectations for an ideal buy-and-hold investment in this market environment.
Economic volatility risk The economic stability score of 65/100 indicates potential vulnerabilities in the local economy that could impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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