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, 2-bathroom apartment of 71 m². Located on rua 16 de Maio, Portimão parish, Portimão municipality, Faro district. This apartment features a pleasant front patio with private parking space, enhancing convenience and privacy in the vibrant historical area of Portimão.
The valuation. The asking price of €355,000 exceeds the fair value of €136,319 by €218,681 (61.6%), indicating that the property is overpriced. This significant disparity presents a cautionary red flag for potential investors.
Fair value modelled at €136,319 from the area baseline, adjusted for condition and location. Asking €355,000 sits €218,681 (61.6%) above — overpriced versus fair value.
Asking €355,000 versus the rua 16 de Maio area baseline of €229,898 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 78 · Materials 81 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 80 · Economic 55 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua 16 de Maio
Area baseline €229,898 + condition +€4,659 + location +€9,753 = modelled fair value of €136,319 (€1,920/m²), a €218,681 (61.6%) gap versus the €355,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 16 de Maio | Subject | €355,000 | €5,000 | — | 78 | 70 |
| Portimão · 25f60f | Active | €355,000 | €3,550 | 29.0% | 76 | 65 |
| avenida Tomás Cabreira | Active | €630,000 | €6,632 | 32.6% | 74 | 74 |
| urbanização Cerca do Moinho | Active | €475,000 | €2,896 | 42.1% | 73 | 64 |
| Portimão · 38acd6 | Active | €230,000 | €6,216 | 24.3% | 74 | 65 |
| Median comp | €415,000 | €4,883 | 2.3% | 74 | 65 |
Short-term vacation rental While the strong tourist influence in the Algarve region might suggest potential for short-term vacation rentals, the property’s pricing at €355,000 significantly exceeds its fair value of €136,319, representing a 61.6% gap. With a yield of only 2.7%, the income potential does not justify this high acquisition cost. Long-term rental Investing in this property for long-term rental purposes appears unwise, as its current listing price is overvalued at €355,000 compared to the fair value of €136,319, leading to a 61.6% gap. The gross yield of 2.7% does not provide an attractive return on investment in a market heavily reliant on tourism. Buy-and-hold The buy-and-hold strategy for this property is not recommended due to its listing price of €355,000, which is 61.6% above the fair value of €136,319. Over time, the limited local economic diversification beyond tourism raises concerns about appreciation and overall investment viability.
Economic Instability Risk The economic stability score of 55/100 indicates potential volatility in the market that could lead to fluctuating rental income and property value.
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