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 70 m² on the 9th floor, built in 1991, energy rating D. Located on avenida das Comunidades Lusíadas, 2, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a modern open-plan layout enhanced by abundant natural light from large windows, and unique decorative touches such as a stone feature wall and OSB accent walls.
The valuation. The asking price of €330,000 is significantly above the fair value of €270,667, indicating a surplus of €59,333 (21.9%). This property is priced as overpriced based on comparative market analysis.
Fair value modelled at €270,667 from 6 comparable sales in the area. Asking €330,000 sits €59,333 (21.9%) above — overpriced versus fair value.
Asking €330,000 versus the avenida das Comunidades Lusíadas, 2 area baseline of €236,888 (€3,384/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €236,888, adjusted for condition and micro-location, gives a modelled fair value of €270,667 (€3,867/m²), a €59,333 (21.9%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida das Comunidades Lusíadas, 2 | Subject | €330,000 | €4,714 | — | 79 | 71 |
| avenida São João de Deus | Active | €249,000 | €3,662 | 22.3% | 80 | 73 |
| Portimão · 03255d | Active | €290,000 | €3,867 | 18.0% | 72 | 73 |
| Portimão · 6eb9ec | Active | €290,000 | €3,867 | 18.0% | 70 | 72 |
| rua José António Marques, 3 | Active | €280,000 | €3,500 | 25.8% | 72 | 70 |
| Median comp | €285,000 | €3,765 | 20.1% | 72 | 73 |
Short-term vacation rental The property is overpriced by 21.9%, with a fair value of €270,667, which limits potential profitability in the highly competitive vacation market in Portimão. Although the area benefits from a tourism-driven economy, the high pricing may yield lower returns than expected, particularly given the current gross yield of 4%. Family rental With a fair value significantly lower than the asking price, this property will struggle to attract long-term tenants despite average school quality in the region. The combination of an overpriced listing and a moderate neighbourhood rating of 71/100 suggests potential challenges in achieving strong occupancy rates. Buy-and-hold Investing in this property for a buy-and-hold strategy appears less favorable due to its 21.9% markup over fair value, which diminishes long-term equity growth prospects. Additionally, with a solid condition rating of 79/100 but limited yield at 4%, the potential for appreciation may not justify the high purchase price in a steady local market.
Potential Rental Income Fluctuation The economic stability score of 65/100 suggests there may be underlying economic challenges that could impact tenant retention and rental rates, while the tenant stability score of 70/100 indicates potential challenges in maintaining consistent occupancy levels, exposing the investment to income variability.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
