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 128 m² on the 2nd floor, built in 1994, energy rating C. Located on praceta Fernando Pessoa, 13, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes three balconies, enhancing natural light and outdoor relaxation options, and features a storage room providing essential organization space for family needs.
The valuation. The asking price of €335,000 is slightly below the fair value of €346,697, indicating a premium of €11,697 (3.4%). This positions the property as a fair purchase in the current market.
Fair value modelled at €346,697 from 6 comparable sales in the area. Asking €335,000 sits €11,697 (3.4%) below — the upside to fair value.
Asking €335,000 versus the praceta Fernando Pessoa, 13 area baseline of €318,514 (€2,488/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €318,514, adjusted for condition and micro-location, gives a modelled fair value of €346,697 (€2,709/m²), a €11,697 (3.4%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Fernando Pessoa, 13 | Subject | €335,000 | €2,617 | — | 62 | 72 |
| rua João Simões Tavares, 8 | Active | €409,000 | €2,572 | 1.7% | 70 | 68 |
| rua do Oceano Atlântico | Active | €425,000 | €2,690 | 2.8% | 70 | 65 |
| Portimão · 3a7487 | Active | €375,000 | €2,953 | 12.8% | 65 | 68 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 0.1% | 72 | 70 |
| Median comp | €392,000 | €2,655 | 1.4% | 70 | 68 |
Short-term vacation rental The property exhibits a gross yield of 4.5%, aligning well with the seasonal tourism dynamics in the Algarve. However, with a fair valuation marginally higher than the listing price, it reflects a balanced investment without significant room for immediate appreciation. Long-term rental Offering a fair valuation and adequate rental yield, this 3-bedroom apartment could serve as a stable source of income in the long term. The neighborhood rating of 72/100 further indicates a reasonable living environment, making it a practical option for rental purposes. Buy-and-hold This strategy benefits from the property’s fair value placement and its potential resilience within the tourism-driven economy of Portimão. While it lacks substantial undervaluation, the overall neighborhood and property condition suggest steady appreciation over time may still be achievable. Not ideal for: This property is not suited for student housing given its rental dynamics, nor for the luxury market, which typically demands higher-end amenities not present here. Additionally, the property's positioning in an established residential area makes it less attractive for industrial investment.
Economic Vulnerability A lower economic stability score of 65/100 may indicate potential fluctuations in market conditions that could impact rental income and property value negatively.
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