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 76 m² on the 5th floor, built in 1991, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This 5th-floor apartment offers a garage and includes stainless appliances, enhancing practicality despite its dated finishes and minor maintenance needs.
The valuation. The asking price of €280,000 sits above the fair value of €266,370 by €13,630 (5.1%). This indicates that the property is fairly priced and does not represent any immediate discounted opportunity.
Fair value modelled at €266,370 from 6 comparable sales in the area. Asking €280,000 sits €13,630 (5.1%) above — overpriced versus fair value.
Asking €280,000 versus the Portimão, Portimão, Faro area baseline of €252,391 (€3,321/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €252,391, adjusted for condition and micro-location, gives a modelled fair value of €266,370 (€3,505/m²), a €13,630 (5.1%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 51ce68 | Subject | €280,000 | €3,684 | — | 60 | 71 |
| Portimão · 51b42f | Active | €290,000 | €3,295 | 10.6% | 68 | 70 |
| praceta António Lopes Ribeiro, 16 | Active | €260,000 | €3,714 | 0.8% | 72 | 76 |
| Portimão · f10c11 | Active | €280,000 | €3,294 | 10.6% | 68 | 70 |
| rua da Cooperativa | Active | €285,000 | €3,904 | 6.0% | 75 | 71 |
| Median comp | €282,500 | €3,505 | 4.9% | 70 | 71 |
Short-term vacation rental The property’s location in the tourist-heavy Algarve region enhances its appeal as a short-term vacation rental, leveraging seasonal demand to achieve a gross yield of 4.6%. However, with a fair value gap of 5.1%, the listing price suggests the property is priced at market rate, not presenting a compelling opportunity for investors seeking below-market purchases. Buy-and-hold A buy-and-hold strategy can be employed here, given the property's attractive location and reasonable condition score of 68/100, which supports steady demand over time. The fair value assessment indicates that while this investment is reasonable, it doesn’t offer the potential for significant capital gains in the near term due to the slight premium over the fair value. Family rental The apartment could serve as a family rental, benefitting from the decent neighbourhood rating of 71/100, suggestive of respectable amenities and tenant quality. Nevertheless, with the property assessed at fair value, landlords should not expect substantial appreciation in rental yields beyond the gross yield of 4.6%, making it a stable but unremarkable choice in the market.
Economic Dependence Risk The property is at risk due to a moderate economic stability score of 65/100, indicating potential vulnerabilities in the local economy that could impact rental income.
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