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 97 m² on the 7th floor, built in 1985, energy rating A. Located on rua Vale do Lagar, 7, Portimão parish, Portimão municipality, Faro district. Private parking enhances convenience in this densely populated area, while two elevators in the building add accessibility for residents on higher floors.
The valuation. The asking price of €260,000 is slightly below the fair value of €283,961, indicating that the property is fairly priced at €23,961 (8.4%) under the market estimate. This presents a balanced investment opportunity without significant pricing concerns.
Fair value modelled at €283,961 from 6 comparable sales in the area. Asking €260,000 sits €23,961 (8.4%) below — the upside to fair value.
Asking €260,000 versus the rua Vale do Lagar, 7 area baseline of €272,700 (€2,811/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €272,700, adjusted for condition and micro-location, gives a modelled fair value of €283,961 (€2,927/m²), a €23,961 (8.4%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vale do Lagar, 7 | Subject | €260,000 | €2,680 | — | 63 | 72 |
| rua Doutor Manuel Bentes | Active | €395,000 | €2,724 | 1.6% | 74 | 72 |
| rua Engenheiro Francisco Bívar, 3 | Active | €380,000 | €3,065 | 14.3% | 72 | 63 |
| urbanização da Raminha em Portimão | Active | €299,000 | €2,990 | 11.5% | 72 | 74 |
| praceta da Borralha | Active | €330,000 | €2,598 | 3.1% | 72 | 73 |
| Median comp | €355,000 | €2,857 | 6.6% | 72 | 73 |
Short-term vacation rental This property is situated in a tourist-heavy part of Algarve, presenting a solid opportunity for short-term vacation rentals with a gross yield of 4.6%. However, it is important to note that the property is priced fairly at €260,000, trailing the fair value by 8.4%. Long-term rental With a yield of 4.6% and a neighborhood rating of 72/100, this property can serve as a viable long-term rental option in a stable housing market. Even though the property holds potential, it is currently priced at €260,000, which is fair compared to its estimated fair value. Buy-and-hold The 2-bed apartment in Portimão can be considered for a buy-and-hold investment strategy given its reasonable conditions rating of 67/100 and a fair valuation. Priced at €260,000, it represents a good point for investment, closely aligning with its assessed fair value of €283,961.
Economic vulnerability With an economic stability score of 65/100, this property may be at risk during economic downturns, potentially affecting rental income and property value.
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