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 50 m², built in 1992, energy rating D. Located on rua Cabo da Boa Esperança, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment’s 9th-floor location allows for uninterrupted views of the marina and Praia de Portimão, while its complete accessibility ensures comfort for all residents.
The valuation. The asking price of €237,000 sits €141,095 (59.5%) above the fair value of €95,905, indicating that the property is overpriced.
Fair value modelled at €95,905 from the area baseline, adjusted for condition and location. Asking €237,000 sits €141,095 (59.5%) above — overpriced versus fair value.
Asking €237,000 versus the rua Cabo da Boa Esperança area baseline of €161,900 (€3,238/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Cabo da Boa Esperança
Area baseline €161,900 + condition +€2,500 + location +€7,555 = modelled fair value of €95,905 (€1,918/m²), a €141,095 (59.5%) gap versus the €237,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cabo da Boa Esperança | Subject | €237,000 | €4,740 | — | 75 | 72 |
| rua de São Tomé e Príncipe | Active | €217,500 | €5,438 | 14.7% | 80 | 70 |
| avenida das Comunidades Lusíadas | Active | €244,000 | €4,784 | 0.9% | 72 | 72 |
| Portimão · 82c682 | Active | €229,000 | €4,978 | 5.0% | 75 | 74 |
| travessa das Piscinas Municipais, 2 | Active | €490,000 | €10,426 | 119.9% | 72 | 70 |
| Median comp | €236,500 | €5,208 | 9.9% | 74 | 71 |
Short-term vacation rental Given the property’s high asking price of €237,000 compared to a fair value of €95,905, it is essential to approach short-term vacation rental strategy with caution, as the substantial gap indicates that the property is overpriced. The 4% gross yield suggests that potential returns may not justify the initial investment required. Buy-and-hold Investing in this property as a buy-and-hold asset appears unwise due to its valuation at €237,000, significantly above the fair market value of €95,905, indicating that it is overpriced. The property's condition and neighborhood scores do not compensate for the excessive asking price, making long-term appreciation uncertain. Family rental Acquiring this apartment for family rental purposes is not advisable since it is priced at €237,000, a stark contrast to its fair value of €95,905, clearly demonstrating that it is overpriced. The yield of 4% and moderate neighborhood ratings do not provide a compelling rationale for this investment, potentially leading to financial strain or poor tenant interest.
Economic vulnerability With an economic stability score of 65, there is a significant risk of potential downturns that could negatively impact tenant demand and rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
