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 €161,300 (€3,226/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 €161,300 + 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.
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