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, 0-bathroom apartment of 79 m², built in 1995, energy rating B. Located Portimão parish, Portimão municipality, Faro district. Unique Feature: The property features a distinctive high-spec kitchen with modern dark cabinetry and integrated appliances, contrasting with the more basic finishes in other areas, providing a functional yet stylish living space.
The valuation. The asking price of €300,000 is €37,819 (14.4%) above the fair value of €262,181. This property is considered overpriced based on current market conditions.
Fair value modelled at €262,181 from 6 comparable sales in the area. Asking €300,000 sits €37,819 (14.4%) above — overpriced versus fair value.
Asking €300,000 versus the Portimão, Portimão, Faro area baseline of €242,645 (€3,071/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €242,645, adjusted for condition and micro-location, gives a modelled fair value of €262,181 (€3,319/m²), a €37,819 (14.4%) gap versus the €300,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 0ad04e | Subject | €300,000 | €3,797 | — | 65 | 69 |
| Portimão · 800534 | Active | €170,000 | €3,400 | 10.5% | — | 72 |
| Estômbar e Parchal · 83432a | Active | €420,000 | €4,000 | 5.3% | 72 | 67 |
| urbanização da Raminha em Portimão | Active | €299,000 | €2,990 | 21.3% | 72 | 74 |
| Portimão · 2ce0d6 | Active | €345,000 | €3,833 | 0.9% | 87 | 72 |
| Median comp | €322,000 | €3,617 | 4.8% | 72 | 72 |
Short-term vacation rental The property, priced at €300,000, has a significant gap of 14.4% above the fair value of €262,181, indicating it is overpriced for investment as a short-term vacation rental. With a gross yield of 4.6% and a condition score of 68/100, the property does not offer the value expected in the competitive Algarve market. Buy-and-hold As a buy-and-hold investment, this 2-bed apartment is overpriced at €300,000 given the fair value is €262,181, creating a 14.4% gap that diminishes long-term capital growth potential. The current yield of 4.6% is below market expectations for rental returns, particularly in the vibrant Portimão area. Family rental For family rental purposes, the price of €300,000 is clearly above the fair value of €262,181, suggesting the property is overpriced and may deter potential long-term tenants. The neighbourhood rating of 69/100 indicates a decent environment, but the mismatched valuation impacts overall desirability for families seeking rental options.
Economic Vulnerability The property faces potential instability due to an economic stability score of 65/100, indicating a higher susceptibility to market fluctuations.
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