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.
0-bedroom, 1-bathroom apartment of 51 m², energy rating D. Located on avenida das Comunidades Lusíadas, Portimão parish, Portimão municipality, Faro district. Attractive features: This apartment includes private parking, a rare advantage in Praia da Rocha, enhancing convenience in this sought-after beachside location. Condition Notes: Well-maintained with modern finishes throughout.
The valuation. The asking price of €244,000 is significantly above the fair value of €91,846, representing a premium of €152,154 or 62.4%. This property is overpriced relative to its fair market value.
Fair value modelled at €91,846 from the area baseline, adjusted for condition and location. Asking €244,000 sits €152,154 (62.4%) above — overpriced versus fair value.
Asking €244,000 versus the avenida das Comunidades Lusíadas area baseline of €87,567 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 72 · Materials 75 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 70 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
avenida das Comunidades Lusíadas
Area baseline €87,567 + condition -€3,427 + location +€7,706 = modelled fair value of €91,846 (€1,801/m²), a €152,154 (62.4%) gap versus the €244,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida das Comunidades Lusíadas | Subject | €244,000 | €4,784 | — | 72 | 72 |
| rua Cabo da Boa Esperança | Active | €237,000 | €4,740 | 0.9% | 75 | 72 |
| Portimão · ba39cf | Active | €280,000 | €3,944 | 17.6% | 70 | 69 |
| Portimão · 0019d9 | Active | €350,000 | €7,447 | 55.7% | 82 | 74 |
| rua de São Tomé e Príncipe | Active | €217,500 | €5,438 | 13.7% | 80 | 70 |
| Median comp | €258,500 | €5,089 | 6.4% | 78 | 71 |
Short-term vacation rental The prevailing popularity of the Algarve for short-term vacation rentals suggests a viable market; however, the property is overpriced at €244,000, significantly above the fair value of €91,846. With a gross yield of 3.8% and a condition rating of 71/100, investment in this property may not yield satisfactory returns in a competitive rental landscape. Long-term rental While the local economy benefits from tourism, and the average tenant quality is favorable, the property’s listing price significantly exceeds its fair value, making it overpriced at €244,000. At a gross yield of 3.8%, the financial returns may not justify the high entry cost for a long-term rental strategy. Buy-and-hold Given the property’s high asking price of €244,000 compared to its fair value of €91,846, it presents an overpriced investment opportunity for buy-and-hold strategies. The potential for appreciation tied to tourism is overshadowed by the current asking price, which limits the appeal of long-term value growth. Not ideal for: Student housing, Luxury market, Industrial development This property is not suitable for student housing due to its 0-bed configuration and high price. Additionally, the luxury market and industrial development ventures do not align with the economic realities and neighborhood attributes of Portimão.
Economic Downturn Risk A moderately low economic stability score of 70/100 may indicate vulnerability to economic downturns, impacting rental income and occupancy rates. Tenant Turnover Risk A tenant stability score of 65/100 suggests potential challenges in retaining long-term tenants, leading to increased vacancies and costs associated with re-letting.
