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.
8-bedroom, 7-bathroom house of 493 m², built in 2017, energy rating B. Located on rua da Igreja, Portimão parish, Portimão municipality, Faro district. The property boasts a 20,000-liter filtered water tank, enhancing its commercial utility and sustainability. An adjacent annex offers renovation potential for increased rental income.
The asking price of €1,700,000 significantly exceeds our estimated fair value of €484,000, indicating a substantial gap of €1,216,000 and a 71.5% downside versus the asking price; confidence in this fair value is low. The estimated gross rental yield is approximately 4.5% before costs and vacancy expenses.
The fair value of this property is determined by combining two models: the Transaction model, which uses real transaction data from recorded sales in Portimão over the last year (accounting for 70%), and the Adjusted asking-price model (30%), which adjusts current listings to align with sale levels. Conservative adjustments for estimated works have been applied where necessary. The resulting fair value is estimated at €484,000, significantly lower than the asking price of €1,700,000. Therefore, the asking price is above the fair value, reflecting a 71.5% downside versus the asking price. Confidence in this valuation is low.
Gross yield 4.5% (before costs)
No specific strategy stands out for this property.
Negotiation room: Negotiation context: asking prices in this municipality run about 16% above what similar homes actually sell for, so there is usually room to negotiate
Investors should carefully consider the asking price of €1,700,000 in relation to the fair value of €484,000, which shows a significant downside of 71.5%. The property is located in Portimão and has a fair condition rating of 78, while the neighbourhood's rating is 50, indicating possible challenges in the local market. Such factors contribute to a low confidence assessment regarding this investment opportunity.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score is 50/100, indicating potential instability in the market and risks related to tenant retention and satisfaction. Fair value uncertainty risk The valuation is stated as fair value €484,000, but confidence is low, with caveats such as missing transaction micro-location data and significant variation in estimates exceeding tolerance limits.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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