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 47 m². Located on avenida das Comunidades Lusíadas, 3, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment is located within a gated community that offers 24-hour security, enhancing privacy and safety for residents. Remodeled Quality: It boasts modern renovations utilizing high-quality materials throughout.
The valuation. The asking price of €245,000 exceeds fair value by €152,604, representing a 62.3% premium. This property is considered overpriced based on current market conditions.
Fair value modelled at €92,396 from the area baseline, adjusted for condition and location. Asking €245,000 sits €152,604 (62.3%) above — overpriced versus fair value.
Asking €245,000 versus the avenida das Comunidades Lusíadas, 3 area baseline of €80,699 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 80 · Materials 78 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 76/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
avenida das Comunidades Lusíadas, 3
Area baseline €80,699 + condition +€3,305 + location +€8,393 = modelled fair value of €92,396 (€1,966/m²), a €152,604 (62.3%) gap versus the €245,000 asking price.
Short-term vacation rental\nThe property is overpriced with a significant gap to fair value, indicating that investors may struggle to achieve a sustainable return on investment. Additionally, while the location is attractive for tourists, the gross yield of 3.8% does not justify the high purchase price.\n\nLong-term rental\nThe overpriced status of this apartment suggests that it may not be an ideal option for long-term rental, particularly given the fair value discrepancy of 62.3%. Given the condition and neighbourhood ratings, cash flow may be limited, impacting the overall investment viability.\n\nFamily rental\nDespite the property's decent condition and neighbourhood quality, the overpriced nature suggests a limited rental market for families, as the initial purchase price significantly overshoots its fair value. Consequently, the elevated costs could deter potential tenants looking for affordable family housing options.
Economic Vulnerability The economic stability score of 65/100 indicates a potential risk of downturns affecting property performance due to financial volatility.
