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 45 m², energy rating C. Located on rua de São Tomé e Príncipe, 31, Portimão parish, Portimão municipality, Faro district. This property features a closed veranda area, perfect for a versatile workspace or cozy dining nook, enhancing its functional living space.
The valuation. The asking price of €238,000 is significantly above the fair value of €87,806, representing an overpricing of €150,194 (63.1%). This valuation indicates that potential buyers should approach with caution and conduct detailed assessments.
Fair value modelled at €87,806 from the area baseline, adjusted for condition and location. Asking €238,000 sits €150,194 (63.1%) above — overpriced versus fair value.
Asking €238,000 versus the rua de São Tomé e Príncipe, 31 area baseline of €77,265 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 80 · Materials 83 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 65 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua de São Tomé e Príncipe, 31
Area baseline €77,265 + condition +€4,359 + location +€6,181 = modelled fair value of €87,806 (€1,951/m²), a €150,194 (63.1%) gap versus the €238,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de São Tomé e Príncipe, 31 | Subject | €238,000 | €5,289 | — | 80 | 70 |
| rua dos Lusíadas | Active | €255,000 | €4,048 | 23.5% | 78 | 71 |
| Portimão · 82c682 | Active | €229,000 | €4,978 | 5.9% | 75 | 74 |
| Portimão · 49b7ed | Active | €310,000 | €4,493 | 15.1% | 80 | 68 |
| Portimão · 1e638b | Active | €211,720 | €5,293 | 0.1% | 75 | 72 |
| Median comp | €242,000 | €4,736 | 10.5% | 77 | 72 |
Short-term vacation rental The property is priced at €238,000 despite a fair value of only €87,806, indicating a substantial 63.1% gap. With a gross yield of just 4.2%, this apartment does not provide a compelling investment opportunity in the competitive short-term rental market. Buy-and-hold At a listing price significantly above fair value, the long-term prospects for appreciation are limited, making this property an unsuitable buy-and-hold investment. The existing yield of 4.2% does not justify the current asking price, and the economic factors in the neighbourhood imply lower future growth. Value-add renovation While investing in renovations could enhance the apartment's value, the purchase price remains unjustifiably high at €238,000, against a fair value of €87,806. The anticipated return from renovations could fail to cover the current price premium, diminishing the attractiveness of this strategy in an overpriced market.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturns affecting property value and tenant retention.
