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.
0-bedroom, 0-bathroom mix_use_building of 350 m², built in 1950. Located on rua Santa Isabel, 27-29, Portimão parish, Portimão municipality, Faro district. Premium location in the historic center of Portimão with significant architectural features, including fresco paintings and original wrought iron balconies, providing a distinct character for potential restoration.
The valuation. The asking price of €398,000 sits above the fair value of €350,204, indicating the property is overpriced by €47,796 (12.0%). This discrepancy suggests potential buyers should approach negotiations with caution. Buy-to-flip angle. A buy-and-flip strategy may be challenging due to the property’s current condition and lack of quality materials, thus requiring significant investment for renovations. This could hinder the potential for profitable resale in a competitive market. Buy-to-let angle. With a gross yield of 0%, the property may not generate immediate rental income, making it less attractive for long-term rentals. Its location in a tourism-driven area could eventually support short-term vacation rental strategies, but substantial improvements are necessary first.
Fair value modelled at €350,204 from the area baseline, adjusted for condition and location. Asking €398,000 sits €47,796 (12.0%) above — overpriced versus fair value.
Asking €398,000 versus the rua Santa Isabel, 27-29 area baseline of €600,950 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 19/100 (Condition 15 · Materials 20 · Room dimensions 25). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 75 · Amenities 80 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Santa Isabel, 27-29
Area baseline €600,950 + condition -€308,438 + location +€57,691 = modelled fair value of €350,204 (€1,001/m²), a €47,796 (12.0%) gap versus the €398,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Santa Isabel, 27-29 | Subject | €398,000 | €1,137 | — | 15 | 74 |
| rua Serpa Pinto, 18 | Active | €420,000 | €1,167 | 2.6% | — | 69 |
| avenida das Comunidades Lusíadas, 2 | Active | €550,900 | €1,122 | 1.3% | — | 71 |
| estrada de Monchique, 33 | Active | €230,000 | €3,333 | 193.1% | — | 70 |
| avenida Tomás Cabreira | Active | €400,000 | €3,077 | 170.6% | 70 | 62 |
| Median comp | €410,000 | €2,122 | 86.6% | 70 | 70 |
Short-term vacation rental The property in Portimão is overpriced with a listing price of €398,000, exceeding the fair value of €350,204 by 12.0%. Given the gross yield of 0% and poor condition rating of 19/100, it is unlikely to attract vacation rental demand, particularly in a market already saturated with options. Long-term rental With the property priced 12.0% above its fair value, achieving sustainable long-term rental yields seems challenging in the current market. The low condition rating of 19/100 indicates that significant refurbishment would be required to meet tenant expectations and justify any rental price. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable due to its overpriced status at €398,000 versus a fair value of €350,204. The property's poor condition and 0% yield suggest that holding it long-term would not generate satisfactory financial returns in a competitive rental market.
Economic Vulnerability The property faces a risk due to an economic stability score of 65/100, indicating potential susceptibility to market fluctuations.
