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 90 m², built in 2009, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts high-quality laminate flooring in living areas, modern AC units throughout, and a garage, enhancing both comfort and convenience in a central location.
The valuation. The asking price of €335,000 is positioned just above the fair value of €332,932 by €2,068 (0.6%), indicating the property is selling at a reasonable valuation. Buy-to-flip angle. A buy-to-flip strategy could capitalize on cosmetic improvements to quickly resell the apartment, enhancing value due to its location in the desirable Algarve region. Buy-to-let angle. The estimated gross yield of 3.8% (~€1,061/month) makes it a viable option for long-term rental, benefiting from high tourist demand throughout the year.
Fair value modelled at €332,932 from 6 comparable sales in the area. Asking €335,000 sits €2,068 (0.6%) above — overpriced versus fair value.
Asking €335,000 versus the Portimão, Portimão, Faro area baseline of €291,294 (€3,237/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 €291,294, adjusted for condition and micro-location, gives a modelled fair value of €332,932 (€3,699/m²), a €2,068 (0.6%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 0ac9cd | Subject | €335,000 | €3,722 | — | 78 | 68 |
| rua Doutor Manuel de Almeida, 14 | Active | €253,000 | €3,286 | 11.7% | 74 | 72 |
| praceta António Lopes Ribeiro, 16 | Active | €260,000 | €3,714 | 0.2% | 72 | 76 |
| rua Horta do Palácio | Active | €299,000 | €3,646 | 2.0% | 72 | 65 |
| Portimão · 51ce68 | Active | €280,000 | €3,684 | 1.0% | 60 | 71 |
| Median comp | €270,000 | €3,665 | 1.5% | 72 | 72 |
Short-term vacation rental The property in Portimão offers a competitive gross yield of 3.8%, making it a viable option for short-term vacation rentals in a popular Algarve tourist region. Given the neighbourhood's moderate rating of 68/100, it can attract seasonal visitors looking for coastal amenities, resulting in stable rental income. Long-term rental With a fair value of €332,932 compared to a listing price of €335,000, this property presents an opportunity for long-term rental, albeit with minimal price advantage. The property's condition rating of 78/100 indicates it is well-maintained, appealing to long-term tenants seeking quality accommodation. Retirement housing As an attractive option for retirement housing in Portimão, this 2-bed apartment benefits from the coastal lifestyle and amenities sought after by retirees. Though priced fairly, its location in a tourist region may deter some retirees seeking peace and tranquility, potentially impacting long-term desirability.
Economic Vulnerability The economic stability score of 60/100 indicates potential fluctuations in local market conditions that could impact property value and rental income.
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