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, 2-bathroom apartment of 122 m² on the 1st floor, built in 1994, energy rating D. Located on rua Dom Afonso V, Portimão parish, Portimão municipality, Faro district. This apartment boasts an outdoor area of 17.4 m², ideal for relaxation and entertaining, while its South/West orientation ensures abundant natural light throughout the day.
The valuation. The asking price of €435,000 sits €33,093 above the fair value of €401,907, representing an 8.2% premium. This property is fairly valued, suggesting a balanced market position. Buy-to-flip angle. With recent renovations and a desirable location, a buy-to-flip strategy could enable resale at a higher price point, leveraging the apartment’s modern features and tourist appeal. Buy-to-let angle. The estimated rental income of €1,704 per month provides a gross yield of 4.7%, making it suitable for a buy-and-hold approach in a strong tourism-driven market like Portimão.
Fair value modelled at €401,907 from 6 comparable sales in the area. Asking €435,000 sits €33,093 (8.2%) above — overpriced versus fair value.
Asking €435,000 versus the rua Dom Afonso V area baseline of €351,930 (€2,885/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 €351,930, adjusted for condition and micro-location, gives a modelled fair value of €401,907 (€3,294/m²), a €33,093 (8.2%) gap versus the €435,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom Afonso V | Subject | €435,000 | €3,566 | — | 74 | 73 |
| rua Cerca do Colégio S / N | Active | €335,000 | €2,538 | 28.8% | 74 | 71 |
| beco da Manjerona | Active | €389,500 | €3,745 | 5.0% | 70 | 71 |
| Alvor · 8751c3 | Active | €558,000 | €3,488 | 2.2% | 76 | 71 |
| Portimão · 1441a8 | Active | €375,000 | €3,261 | 8.5% | 74 | 74 |
| Median comp | €382,250 | €3,375 | 5.4% | 74 | 71 |
Short-term vacation rental The 3-bed apartment in Portimão is well-positioned in a tourism-driven economy with proximity to Albufeira, yet its price exceeds fair value by 8.2%. With a gross yield of 4.7%, potential returns from short-term rentals may be limited despite the appealing location. Buy-and-hold Holding this property may provide steady income given the current gross yield of 4.7%, yet the gap from fair value suggests limited potential for long-term appreciation. The property’s condition and neighbourhood ratings highlight some risk, as investment returns may not meet investor expectations over time. Long-term rental While the property can be utilized for long-term rental, its price being above the fair value currently presents a significant barrier to entry for securing optimal rental returns. The location and amenities could attract tenants, but the economic fundamentals may not support the investment effectively in the long term.
Economic Fluctuation Risk The economic stability score of 70 suggests moderate economic conditions, which combined with a lower tenant stability score of 60 indicates potential fluctuations in rental income or tenant turnover affecting cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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