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.
3-bedroom, 1-bathroom apartment of 101 m² on the 3rd floor, built in 2006, energy rating E. Located on rua da Abicada, 14, Portimão parish, Portimão municipality, Faro district. This apartment offers expansive east/west solar exposure, ensuring abundant natural light throughout the day and enhancing the overall living ambiance.
The asking price of €290,000 is above the fair value of €199,000, indicating that the property is overpriced, with a gap of €91,000, representing a 31.5% downside versus the asking price. The estimated gross yield for this property is 8%.
The property's fair value is determined using a Transaction model based on 230 recorded sales in Portimão, which gives strong data support. Additionally, an Adjusted asking-price model refines current listings to align asking prices with actual sale prices. These two models are combined, weighting the Transaction model at 55% and the Adjusted asking-price model at 45%. Conservative adjustments accounting for area and necessary repairs lead to an estimated fair value of €199,000, which is significantly lower than the asking price of €290,000. Thus, the verdict is: the asking price is above the fair value, reflecting a 31.5% downside against the asking price, with high confidence in this assessment.
Gross yield 8% (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
The asking price of €290,000 is significantly above the fair value of €199,000, indicating a 31.5% downside versus the asking price. Investors might consider the property's condition rating of 66/100 and the neighbourhood rating of 50/100, which suggest potential areas of concern for investment. Overall, the market trends suggest that careful consideration is needed when evaluating this property.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property faces potential financial instability due to both the economic stability and tenant stability scores being only 50 out of 100, indicating a precarious rental market.
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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