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.
5-bedroom, 3-bathroom apartment of 368 m² on the 1st floor, built in 1994, energy rating D. Located on rua Professor Doutor Montalvão Marques, 7, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a private underground garage that, despite some wall damage, offers secure parking for multiple vehicles in a central location. Condition Notes: The balcony has weathered furniture, indicating it may require attention for outdoor enjoyment.
The valuation. The asking price of €649,900 sits €161,127 (19.9%) below the fair value of €811,027, indicating a subvaluation that presents a compelling investment opportunity.
Fair value modelled at €811,027 from 6 comparable sales in the area. Asking €649,900 sits €161,127 (19.9%) below — the upside to fair value.
Asking €649,900 versus the rua Professor Doutor Montalvão Marques, 7 area baseline of €671,285 (€1,824/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €671,285, adjusted for condition and micro-location, gives a modelled fair value of €811,027 (€2,204/m²), a €161,127 (19.9%) gap versus the €649,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Professor Doutor Montalvão Marques, 7 | Subject | €649,900 | €1,766 | — | 74 | 70 |
| Portimão · f10c90 | Active | €440,000 | €2,280 | 29.1% | 70 | 70 |
| Portimão · a80253 | Active | €360,000 | €2,400 | 35.9% | 75 | 71 |
| Portimão · 3a710f | Active | €365,000 | €2,433 | 37.8% | 73 | 69 |
| urbanização Colina Real, 10 | Active | €449,000 | €2,128 | 20.5% | 73 | 73 |
| Median comp | €402,500 | €2,340 | 32.5% | 73 | 71 |
Short-term vacation rental Given its attractive location in the Algarve, this property represents a compelling opportunity for short-term vacation rentals, poised to capitalize on the region's thriving tourism sector. With a fair market value of €811,027, the current listing price of €649,900 indicates it is underpriced by approximately 19.9%. Long-term rental This property, featuring five bedrooms and ample space at 368m², is well-suited for long-term rental, appealing to families or professionals seeking stability in a picturesque environment. The 0% gross yield suggests that while it may need some operational planning, its fair value position underscores strong potential for rental income growth. Buy-and-hold Investing in this 5-bed apartment for a buy-and-hold strategy is prudent as the property is situated within a burgeoning real estate market, with a fair value significantly higher than the asking price. The long-term economic reliance on tourism in the Algarve further supports sustained demand, making it an attractive asset for future appreciation.
Economic Vulnerability The economic stability score of 60/100 indicates potential fluctuations in the local economy that could impact rental income.
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