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.
1-bedroom, 1-bathroom apartment of 100 m², built in 2015, energy rating B. Located Mexilhoeira Grande parish, Portimão municipality, Faro district. This apartment is unique for its active tourist license, offering immediate rental income potential near the Algarve International Circuit, appealing to both investors and vacationers.
The valuation. The asking price of €195,000 is above the fair value of €189,528, exceeding it by €5,472 (2.8%). This suggests the property is overpriced in the current market.
Fair value modelled at €189,528 from the area baseline, adjusted for condition and location. Asking €195,000 sits €5,472 (2.8%) above — overpriced versus fair value.
Asking €195,000 versus the Mexilhoeira Grande, Portimão, Faro area baseline of €171,700 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 70 · Amenities 78 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Mexilhoeira Grande, Portimão, Faro
Area baseline €171,700 + condition +€2,031 + location +€15,796 = modelled fair value of €189,528 (€1,895/m²), a €5,472 (2.8%) gap versus the €195,000 asking price.
Short-term vacation rental While the apartment's proximity to the Algarve coast positions it well for tourism-driven demand, the 2.8% gap from fair value indicates it may not be the best option for short-term vacation rentals. Furthermore, the current yield of 0% gross does not support a strong investment in this strategy at the listed price. Long-term rental Despite the property being in a generally desirable neighborhood with adequate amenities, the asking price of €195,000 exceeds its fair market value by 2.8%, suggesting it is overpriced for long-term rental purposes. The 0% gross yield highlights potential challenges in achieving a satisfactory return on this investment. Buy-and-hold The apartment's condition rating of 76/100 implies reasonable upkeep; however, the property is priced 2.8% above its fair value, making this a less attractive buy-and-hold opportunity. Investors should be wary of its stagnant 0% gross yield, which diminishes the attractiveness of this long-term investment strategy.
Economic Dependence Risk: With an economic stability score of 65/100, there is a heightened risk that economic fluctuations could negatively impact rental income and tenant retention.
