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.
3-bedroom, 1-bathroom apartment of 94 m², built in 1986, energy rating C. Located on avenida Tomás Cabreira, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This penthouse-level apartment boasts a spacious balcony with pleasant river views and is equipped with a secure coded entry system for enhanced safety.
The valuation. The asking price of €369,000 exceeds the fair value by €226,029 (61.3%), clearly indicating that the property is overpriced. This significant difference suggests that potential buyers should be cautious with their investment decisions.
Fair value modelled at €142,971 from the area baseline, adjusted for condition and location. Asking €369,000 sits €226,029 (61.3%) above — overpriced versus fair value.
Asking €369,000 versus the avenida Tomás Cabreira area baseline of €161,398 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 56/100 (Condition 50 · Materials 62 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
avenida Tomás Cabreira
Area baseline €161,398 + condition -€27,466 + location +€9,038 = modelled fair value of €142,971 (€1,521/m²), a €226,029 (61.3%) gap versus the €369,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Tomás Cabreira | Subject | €369,000 | €3,926 | — | 50 | 64 |
| avenida Tomás Cabreira | Active | €369,000 | €4,100 | 4.4% | 55 | 75 |
| Portimão · 1e6477 | Active | €295,000 | €3,105 | 20.9% | 65 | 70 |
| Portimão · 956f1a | Active | €599,000 | €6,730 | 71.5% | — | 75 |
| urbanização do Fojo | Active | €320,000 | €2,909 | 25.9% | 68 | 76 |
| Median comp | €344,500 | €3,603 | 8.2% | 65 | 75 |
Short-term vacation rental The property is overpriced at €369,000, significantly above the fair value of €142,971, resulting in a substantial gap of 61.3%. With a gross yield of 4.4% and an overall condition rating of 56 out of 100, it may struggle to attract guests focused on value in a competitive tourism market. Buy-and-hold At €369,000, this property exceeds the fair value by 61.3%, indicating a price that does not align with long-term investment potential. The average yield of 4.4% is not compelling given the current state and ranking of the property in its neighbourhood, suggesting that holding costs may outpace potential capital appreciation. Family rental The asking price of €369,000 presents a substantial overvaluation compared to the fair value of €142,971, creating a gap that raises concerns about long-term rental viability. Additionally, the property's condition rating of 56/100, paired with a neighbourhood score of 64, may deter families seeking quality and value in their housing choices.
Tenant turnover risk With a tenant stability score of 65/100, there is a potential risk of increased tenant turnover, which can lead to higher vacancy rates and associated costs.
