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 61 m² on the 6th floor, built in 1991. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment benefits from access to a communal swimming pool and designated private parking, enhancing both leisure and convenience for residents.
The valuation. The asking price of €247,500 is significantly above the fair value of €101,200, resulting in a premium of €146,300 (59.1%). This indicates that the property is overpriced in the current market. Buy-to-flip angle. With some renovations, this apartment can appeal to buyers seeking modern finishes, allowing for a potential quick resale strategy at a higher price point than the acquisition cost. Buy-to-let angle. Given the gross yield of 3.9% with estimated rental income of €804 per month, this property could serve as a steady source of income, particularly targeting the vacation rental market in the tourist-friendly Algarve region.
Fair value modelled at €101,200 from the area baseline, adjusted for condition and location. Asking €247,500 sits €146,300 (59.1%) above — overpriced versus fair value.
Asking €247,500 versus the Portimão, Portimão, Faro area baseline of €104,737 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 (Condition 60 · Materials 58 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €104,737 + condition -€14,011 + location +€10,474 = modelled fair value of €101,200 (€1,659/m²), a €146,300 (59.1%) gap versus the €247,500 asking price.
Short-term vacation rental The property is overpriced at €247,500, with a significant gap of 59.1% compared to its fair value of €101,200, thereby limiting potential profitability. The gross yield is only 3.9%, which is unappealing in a market characterized by strong seasonal variations in tenant demand. Buy-and-hold Investing in this property for a buy-and-hold strategy is not recommended, as it is priced far above its fair value, resulting in less favorable long-term returns. With a condition rating of 60/100, the maintenance costs could further diminish an already low yield of 3.9%. Family rental The property’s 61m² size and current pricing makes it less attractive for family rental, particularly with its 59.1% gap from fair value indicating it is overpriced. Although the neighborhood scores 75/100, the elevated purchase price significantly reduces the potential for a positive cash flow from renting to families.
Economic Impact Risk The property's economic stability score of 70/100 suggests potential vulnerability to market fluctuations, which could impact rental income and occupancy rates.
