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 92 m² on the 1st floor. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a large 20 m² balcony that serves as an ideal outdoor dining space, enhancing the living experience just minutes from Praia da Rocha beach.
The valuation. The asking price of €285,000 is €15,000 (5.6%) above the fair value of €270,000, indicating a fair price given the condition and materials used throughout the apartment. Buy-to-flip angle. A buy-to-flip strategy could involve minor cosmetic upgrades to enhance appeal, targeting a quick resale in a tourist-heavy market by leveraging the location's desirability. Buy-to-let angle. With an estimated rental income of €1,188 per month, the property offers a gross yield of 5%, making it an attractive option for long-term or short-term vacation rentals in the Algarve region.
Fair value modelled at €270,000 from 6 comparable sales in the area. Asking €285,000 sits €15,000 (5.6%) above — overpriced versus fair value.
Asking €285,000 versus the Portimão, Portimão, Faro area baseline of €218,412 (€2,374/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €218,412, adjusted for condition and micro-location, gives a modelled fair value of €270,000 (€2,935/m²), a €15,000 (5.6%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 0ac5d5 | Subject | €285,000 | €3,098 | — | 78 | 67 |
| urbanização da Raminha | Active | €299,000 | €3,115 | 0.5% | 74 | 68 |
| Portimão · f46d35 | Active | €260,000 | €2,857 | 7.8% | 74 | 73 |
| Portimão · ee8920 | Active | €330,000 | €2,870 | 7.4% | 76 | 80 |
| rua Quinta do Amparo, 34-35 | Active | €279,000 | €2,735 | 11.7% | 71 | 70 |
| Median comp | €289,000 | €2,864 | 7.6% | 74 | 72 |
Short-term vacation rental Given its location on the Algarve coast, this property presents a stable opportunity for short-term vacation rentals, appealing to the tourism-driven economy. However, with a fair value of €270,000 and a listing price of €285,000, the investment is positioned at a modest 5.6% premium, making it a measured option in a competitive market. Long-term rental While the property's gross yield of 5% offers reasonable income potential for long-term rentals, it is priced slightly above fair value. This could impact tenant demand, particularly in a neighborhood rated 67/100, warranting caution in investment expectations. Buy-and-hold The property serves as a strategic hold due to its steady appeal in a tourism-centric area; however, its 5.6% premium over fair value should be carefully considered for long-term growth. This approach may yield positive outcomes if the neighborhood undergoes future development, yet the current pricing may limit immediate returns. Not ideal for The property is not suitable for student housing, industrial commercial, or luxury market investments, as these categories typically demand different property characteristics and market dynamics. Therefore, focusing on more conventional residential strategies is prudent in this locale.
Potential Market Vulnerability The economic stability score of 60/100 indicates potential vulnerability to market fluctuations, which could affect tenant retention as reflected in the tenant stability score of 65/100, suggesting a moderate risk of tenant turnover.
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