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.
4-bedroom, 2-bathroom apartment of 107 m² on the 2nd floor, built in 1992, energy rating C. Located on rua Almirante Pinheiro de Azevedo, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features traditional terracotta tile flooring and ornate facades, offering character that reflects its 1992 origins, alongside excellent modernization potential to enhance its appeal.
The valuation. The asking price of €280,000 is slightly above the fair value of €279,394 by €606 (0.2%). This positioning indicates that the property is fairly priced.
Fair value modelled at €279,394 from 6 comparable sales in the area. Asking €280,000 sits €606 (0.2%) above — overpriced versus fair value.
Asking €280,000 versus the rua Almirante Pinheiro de Azevedo area baseline of €266,670 (€2,492/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €266,670, adjusted for condition and micro-location, gives a modelled fair value of €279,394 (€2,611/m²), a €606 (0.2%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Almirante Pinheiro de Azevedo | Subject | €280,000 | €2,617 | — | 60 | 73 |
| Portimão · 652ff9 | Active | €295,000 | €3,105 | 18.7% | 65 | 70 |
| rua João Simões Tavares, 8 | Active | €409,000 | €2,572 | 1.7% | — | 75 |
| Portimão · a80ab6 | Active | €360,000 | €2,571 | 1.7% | 74 | 68 |
| Portimão · 190801 | Active | €385,000 | €2,567 | 1.9% | 70 | 69 |
| Median comp | €372,500 | €2,572 | 1.7% | 70 | 70 |
Short-term vacation rental The property is fairly priced at €280,000 with a fair value of €279,394, resulting in a minimal gap of 0.2%. Given the 5.3% gross yield and proximity to a major tourist destination in the Algarve, this apartment could attract steady short-term rental income despite not being a bargain. Long-term rental With a yield of 5.3% gross, the property shows potential for long-term rental viability; however, the condition rating of 65/100 suggests it may require updates to maximize tenant appeal. While the fair pricing reflects current market conditions, the investment may yield average returns due to neighborhood ratings. Family rental The apartment's fair pricing and decent neighborhood score of 73/100 could appeal to families seeking a stable rental option in a tourism-driven area. Although the yield stands at 5.3%, factors such as the property's condition may influence occupancy rates over time.
Potential Economic Instability The economic stability score of 60/100 indicates a higher risk of fluctuations that could affect cash flow and property values negatively.
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
