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, 2-bathroom apartment of 92 m², built in 2007, energy rating C. Located on rua das Traineiras, 261, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a home automation system for integrated lighting and electric shutters, enhancing convenience and energy efficiency in a modern living environment.
The valuation. The asking price of €375,000 is significantly above fair value of €303,078, indicating an overvaluation of €71,922 (23.7%). This suggests the property is overpriced.
Fair value modelled at €303,078 from 6 comparable sales in the area. Asking €375,000 sits €71,922 (23.7%) above — overpriced versus fair value.
Asking €375,000 versus the rua das Traineiras, 261 area baseline of €256,355 (€2,786/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €256,355, adjusted for condition and micro-location, gives a modelled fair value of €303,078 (€3,294/m²), a €71,922 (23.7%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Traineiras, 261 | Subject | €375,000 | €4,076 | — | 80 | 79 |
| Portimão · 1441a8 | Active | €375,000 | €3,261 | 20.0% | 74 | 74 |
| Portimão · 3a70b7 | Active | €510,000 | €3,953 | 3.0% | 75 | 72 |
| Portimão · 6d53e6 | Active | €335,000 | €2,702 | 33.7% | 70 | 64 |
| rua Dom Afonso V | Active | €435,000 | €3,566 | 12.5% | 74 | 73 |
| Median comp | €405,000 | €3,414 | 16.3% | 74 | 73 |
Short-term vacation rental This property is overpriced by 23.7% compared to its fair value, which limits its potential as a short-term vacation rental in a competitive Algarve market. With a gross yield of just 3.3%, the financial returns do not justify the high purchase price in a landscape filled with more reasonably priced alternatives. Buy-and-hold Purchasing this apartment as a buy-and-hold investment is not advisable due to its 23.7% gap above fair value, which could limit appreciation over time. The current yield of 3.3% does not provide sufficient incentive to absorb the high initial investment required. Family rental As a family rental, this property is overpriced at €375,000, making it less attractive for long-term tenants who typically seek affordable yet spacious options. While the neighbourhood scores positively, the financial metrics indicate that the investment does not align with family rental demand in the area.
Economic vulnerability With an economic stability score of 75, there is a risk of economic downturns impacting rental income and property value.
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