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.
2-bedroom, 1-bathroom house of 100 m², built in 1973, energy rating E. Located on rua 1 de Novembro, 9, Portimão parish, Portimão municipality, Faro district. This property boasts a charming fireplace, enhancing the elegant living area with a cozy ambiance perfect for family gatherings.
The valuation. The asking price of €349,000 is significantly above the fair value of €192,965, representing an overpricing of €156,035 (44.7%). This property is not a suitable investment at its current price point.
Fair value modelled at €192,965 from the area baseline, adjusted for condition and location. Asking €349,000 sits €156,035 (44.7%) above — overpriced versus fair value.
Asking €349,000 versus the rua 1 de Novembro, 9 area baseline of €171,700 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 80 · Materials 75 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua 1 de Novembro, 9
Area baseline €171,700 + condition +€5,469 + location +€15,796 = modelled fair value of €192,965 (€1,930/m²), a €156,035 (44.7%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 1 de Novembro, 9 | Subject | €349,000 | €3,490 | — | 80 | 73 |
| Portimão · 65a674 | Active | €349,000 | €4,474 | 28.2% | 75 | 73 |
| rua J. J. Rodrigues de Freitas, 13 | Active | €459,000 | €5,961 | 70.8% | 68 | 73 |
| rua de Francisco Duarte | Active | €320,000 | €4,000 | 14.6% | 75 | 70 |
| rua 16 de Maio | Active | €355,000 | €5,000 | 43.3% | 75 | 75 |
| Median comp | €352,000 | €4,737 | 35.7% | 75 | 73 |
Short-term vacation rental The property’s listing price of €349,000 represents a significant 44.7% gap from its fair value of €192,965, which undermines its attractiveness in the competitive short-term vacation rental market. With a gross yield of only 3.1%, the expected returns do not justify the investment in this overpriced property. Long-term rental At a listing price that exceeds fair value by €156,035, this property is not positioned well for long-term rental profitability despite the tourist-heavy location of Portimão. The gross yield of 3.1% falls short of a desirable level, indicating that this overpriced property may yield suboptimal cash flow for landlords. Family rental This property appears overpriced at €349,000, especially considering the fair value assessment of €192,965, which creates a significant financial barrier for potential family renters. The lower yield of 3.1% suggests that investing in this property for family rental purposes may not be the most effective use of capital given its inflated price point.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturns affecting property values and tenant demand.
