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.
5-bedroom, 3-bathroom apartment of 280 m², built in 1973, energy rating E. Located on rua Diogo Goncalves, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a sunroom and a generous 40 m² terrace, enhancing outdoor living in a prime central location next to leisure areas and shops.
The valuation. The asking price of €487,500 sits 3.6% below the fair value of €505,221, indicating the property is underpriced and presents a solid investment opportunity without immediate price adjustments needed. Buy-to-flip angle. This property can attract quick buyers through cosmetic renovations, particularly in the kitchens and bathrooms, enhancing resale value after a targeted investment in updates. Buy-to-let angle. With a strategic focus on tourism, a short-term vacation rental model can capitalize on seasonal demand, generating significant rental income in the lucrative Algarve market.
Fair value modelled at €505,221 from the area baseline, adjusted for condition and location. Asking €487,500 sits €17,721 (3.6%) below — the upside to fair value.
Asking €487,500 versus the rua Diogo Goncalves area baseline of €906,640 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 70 · Materials 75 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 70 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Diogo Goncalves
Area baseline €906,640 + condition -€14,000 + location +€38,461 = modelled fair value of €505,221 (€1,804/m²), a €17,721 (3.6%) gap versus the €487,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Diogo Goncalves | Subject | €487,500 | €1,741 | — | 70 | 70 |
| estrada de Alvor | Active | €395,000 | €2,616 | 50.2% | 75 | 78 |
| rua Dom Afonso V, 3 | Active | €550,000 | €2,466 | 41.7% | 75 | 73 |
| estrada de Alvor | Active | €265,000 | €1,893 | 8.7% | — | 71 |
| Portimão · ba5955 | Active | €370,000 | €2,467 | 41.7% | 75 | 71 |
| Median comp | €382,500 | €2,467 | 41.7% | 75 | 72 |
Short-term vacation rental The property presents a unique opportunity for a short-term vacation rental, with a fair market value of €505,221 suggesting it is priced attractively at €487,500. Given the strong tourism influence typical of the Algarve, this property could appeal to a broad range of tourists, despite the zero gross yield. Long-term rental The apartment's fair value of €505,221 and its current listing price of €487,500 indicate a favorable entry point for long-term rental investments. While the property is not yielding at the moment, the neighborhood stability suggests potential for steady rental demand over time. Family rental This 5-bed apartment, listed at €487,500 against a fair value of €505,221, presents a promising option for families seeking rental accommodation. Despite the moderate condition rating of 72/100, the ample space and residential context make it suitable for long-term family living. Not ideal for student housing The property is not well-suited for student housing, primarily due to the rural location away from primary urban centers, which limits school density. Consequently, this limits the potential tenant pool and may affect occupancy rates. Not ideal for industrial use Given its residential designation and the moderate condition of the property, it is clearly unsuitable for industrial use. The focus on housing and tourism further reinforces its residential limitations. Not ideal for luxury market The current listing and fair value pricing indicate that the property does not cater to the luxury market, which typically commands higher price points and prestige. The overall market conditions suggest it serves more of a mid-range demographic.
Tenant turnover risk The combination of a 60/100 economic stability score and a 70/100 tenant stability score indicates potential volatility in tenant retention, which could lead to increased vacancy rates and associated costs.
