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 96 m², built in 2006, energy rating C. Located Portimão parish, Portimão municipality, Faro district. This apartment features two south-facing balconies with breathtaking sea views, enhancing its appeal as a serene retreat in a prime location near iconic Praia da Rocha.
The valuation. The asking price of €398,000 exceeds the fair value of €179,372 by €218,628, indicating that the property is overpriced by 54.9%. This substantial markup raises concerns about the investment's potential return.
Fair value modelled at €179,372 from the area baseline, adjusted for condition and location. Asking €398,000 sits €218,628 (54.9%) above — overpriced versus fair value.
Asking €398,000 versus the Portimão, Portimão, Faro area baseline of €164,832 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 82 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 65/100 (Housing Market 80 · Amenities 60 · Economic 50 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €164,832 + condition +€4,650 + location +€9,890 = modelled fair value of €179,372 (€1,868/m²), a €218,628 (54.9%) gap versus the €398,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · f3610f | Subject | €398,000 | €4,146 | — | 75 | 65 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 62.3% | 75 | 74 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 62.3% | 79 | 75 |
| Portimão · 25f60f | Active | €355,000 | €3,550 | 14.4% | 76 | 65 |
| Portimão · 420269 | Active | €315,000 | €5,000 | 20.6% | 72 | 79 |
| Median comp | €477,000 | €5,865 | 41.5% | 76 | 75 |
Short-term vacation rental Although Portimão is a prime location for tourism, the apartment's high asking price of €398,000 compared to a fair value of €179,372 makes it an unattractive investment for short-term vacation rentals. With a gross yield of only 3.1% and a significant gap from fair value, rental profits are unlikely to justify the investment. Buy-and-hold Investing in this property for a buy-and-hold strategy is hindered by its 54.9% gap from fair value, indicating the listing price is significantly inflated. The neighbourhood scores of 65/100 and a fair gross yield of 3.1% further reinforce that the long-term appreciation potential may not compensate for the current overpricing. Value-add renovation While a value-add renovation strategy could enhance property value, the fundamental overpricing at €398,000 diminishes the incentive to invest in such improvements. The current condition rating of 78/100 suggests some renovation potential, but the property remains overpriced relative to its fair value, making it a risky undertaking. Not ideal for: Student housing, Luxury market, Long-term rental Given the exorbitant price and modest yield, the 1-bed apartment is not suitable for student housing or long-term rental markets, which typically favor lower entry prices for adequate returns. Additionally, its place in the luxury market is compromised by its inflated listing in a moderately rated neighbourhood.
Economic Vulnerability The economic stability score of 50/100 indicates a moderate risk of economic downturns affecting rental income or property value.
