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 60 m², energy rating E. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes private parking for two cars and 24-hour security, providing added convenience and peace of mind for residents and renters alike.
The valuation. The asking price of €135,000 is significantly above the fair value of €111,262, resulting in a premium of €23,738 (17.6%). This property is clearly overpriced and may not attract serious investors.
Fair value modelled at €111,262 from the area baseline, adjusted for condition and location. Asking €135,000 sits €23,738 (17.6%) above — overpriced versus fair value.
Asking €135,000 versus the Portimão, Portimão, Faro area baseline of €193,560 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 76 · Materials 74 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €193,560 + condition +€0 + location +€8,242 = modelled fair value of €111,262 (€1,854/m²), a €23,738 (17.6%) gap versus the €135,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · bf2a71 | Subject | €135,000 | €2,250 | — | 76 | 70 |
| avenida das Comunidades Lusíadas, 3 | Active | €195,000 | €4,063 | 80.6% | 71 | 67 |
| Portimão · 49b8f0 | Active | €255,000 | €4,722 | 109.9% | 75 | 81 |
| rua do Fojo, 39 | Active | €199,000 | €3,755 | 66.9% | 65 | 72 |
| avenida Comunidades Lusíadas, 1 | Active | €215,000 | €3,909 | 73.7% | 74 | 73 |
| Median comp | €207,000 | €3,986 | 77.2% | 73 | 73 |
Short-term vacation rental The property is overpriced by 17.6% compared to its fair value, which may limit profit margins in the competitive short-term rental market in Algarve. A gross yield of 6.8% is decent, but the overvaluation undermines the long-term sustainability of rental income. Buy-and-hold Although the property is situated in a tourist-friendly area, its current price does not reflect the fair value, being 17.6% above it. Investors should be cautious, as the overpriced nature of the asset could lead to diminished returns over time. Family rental The asking price exceeds the fair value by 17.6%, indicating that this property may not generate sufficient rental income to justify the investment for family rental use. While the neighborhood shows some promise, the overprice limits the potential for consistent cash flow and tenant stability.
Economic Fluctuations The property faces potential economic instability with a score of 65/100, indicating a risk of tenant turnover or reduced rental income due to economic downturns.
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