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 81 m² on the 2nd floor, built in 2007, energy rating C. Located on rua Ribeira de Boina, Portimão parish, Portimão municipality, Faro district. Property Features: The kitchen's closed balcony offers a scenic view of the Serra de Monchique and versatile functionality as a laundry or additional storage area.
The valuation. The asking price of €280,000 is slightly above the fair value of €278,262, representing a premium of €1,738 (0.6%). Verdict: fair. Buy-to-flip angle. Given the property’s condition rating of 66/100, a quick cosmetic upgrade could enhance its appeal for resale, targeting a higher price point that leverages the vacation attraction of Portimão. Buy-to-let angle. With a gross yield of 3.1% based on an estimated monthly rental income of €723, this apartment is poised for steady rental income through short-term vacation rentals, tapping into the Algarve’s tourist influx.
Fair value modelled at €278,262 from 6 comparable sales in the area. Asking €280,000 sits €1,738 (0.6%) above — overpriced versus fair value.
Asking €280,000 versus the rua Ribeira de Boina area baseline of €300,499 (€3,710/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €300,499, adjusted for condition and micro-location, gives a modelled fair value of €278,262 (€3,435/m²), a €1,738 (0.6%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ribeira de Boina | Subject | €280,000 | €3,457 | — | 61 | 73 |
| Portimão · 51b42f | Active | €290,000 | €3,295 | 4.7% | 68 | 70 |
| Portimão · 2d84ae | Active | €235,000 | €3,357 | 2.9% | 65 | 68 |
| rua Doutor Manuel de Almeida, 14 | Active | €253,000 | €3,286 | 4.9% | 74 | 72 |
| Portimão · 5e6105 | Active | €235,000 | €3,983 | 15.2% | 65 | 71 |
| Median comp | €244,000 | €3,326 | 3.8% | 67 | 71 |
Short-term vacation rental The property, with a gross yield of 3.1%, suggests it can be positioned for the short-term vacation rental market, appealing to tourists in the Algarve coastal area. However, the minimal gap versus fair value at 0.6% indicates that the current listing price of €280,000 is nearly at its fair valuation, limiting potential profit margins. Buy-and-hold As a buy-and-hold investment, the property offers a yield of 3.1%, making it a stable long-term asset despite the relatively high market conditions. The fair valuation status supports the potential for moderate appreciation, though the limited gap of 0.6% signals caution against overexposure at the current price. Family rental Given its favorable condition score of 66/100 and neighborhood quality rating of 73/100, this property could serve well as a family rental in a popular tourist area. Nevertheless, the fair value assessment with a slight premium suggests that while it may meet rental demand, its current pricing aligns closely with market expectations, which constrains investment upside.
Economic Vulnerability With an economic stability score of 65/100, there is a significant risk that potential downturns in the local economy could adversely affect property values and rental demand.
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