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 41 m², built in 1993, energy rating D. Located on rua das Anforas, Portimão parish, Portimão municipality, Faro district. Notable Features: The apartment features a private balcony ideal for outdoor relaxation, and it is part of a high-quality condominium offering amenities such as 24-hour reception and elevators.
The valuation. The asking price of €245,000 sits significantly above the fair value of €72,136, resulting in an overvaluation of €172,864, or 70.6%. This property is thus considered overpriced. Buy-to-flip angle. A resale strategy would aim to capitalize on potential cosmetic updates that enhance appeal to buyers, leveraging the attractive location. Short-term holdings could attract significant turnover during peak tourist seasons. Buy-to-let angle. Renting at an estimated €776/month provides a gross yield of 3.8%. Given the area's strong tourist presence, a short-term vacation rental strategy may maximize cash flow during seasonal peaks.
Fair value modelled at €72,136 from the area baseline, adjusted for condition and location. Asking €245,000 sits €172,864 (70.6%) above — overpriced versus fair value.
Asking €245,000 versus the rua das Anforas area baseline of €132,758 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 70 · Materials 75 · Room dimensions 74). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 60 · Economic 50 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua das Anforas
Area baseline €132,758 + condition -€1,922 + location +€3,661 = modelled fair value of €72,136 (€1,759/m²), a €172,864 (70.6%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Anforas | Subject | €245,000 | €5,976 | — | 70 | 63 |
| Portimão · ba39cf | Active | €280,000 | €3,944 | 34.0% | 70 | 69 |
| avenida Comunidades Lusíadas, 1 | Active | €215,000 | €3,909 | 34.6% | 74 | 73 |
| travessa das Piscinas Municipais, 2 | Active | €490,000 | €10,426 | 74.5% | 72 | 70 |
| Portimão · cfe06a | Active | €236,000 | €6,378 | 6.7% | — | 75 |
| Median comp | €258,000 | €5,161 | 13.6% | 72 | 72 |
Short-term vacation rental The property is overpriced at €245,000, presenting a significant gap of 70.6% compared to its fair value of €72,136. While Portimão sees seasonal spikes in tourist demand, the yield of 3.8% gross does not justify the high asking price. Buy-and-hold Investors should reconsider this property for a buy-and-hold strategy due to its overpriced valuation, with a substantial gap of 70.6% against fair value. The property’s condition and neighbourhood rating suggest limited long-term appreciation potential in a predominantly seasonal market. Value-add renovation Pursuing a value-add renovation strategy appears unwise, given that the property is currently overpriced by 70.6% relative to its fair value. Even with renovation potential, the initial investment would struggle to yield positive returns in a market heavily reliant on seasonal tourism.
Economic Downturn Risk With an economic stability score of 50/100, there is a significant risk that adverse market conditions could negatively impact tenancy and rental income.
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