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.
2-bedroom, 2-bathroom apartment of 89 m², built in 1984, energy rating C. Located on avenida Tomás Cabreira, 34, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a prime beachfront location with panoramic ocean views from its expansive balcony, creating an exceptional outdoor living experience. Additional Note: Includes secure parking, enhancing convenience for residents.
The valuation. The asking price of €599,000 is significantly above fair value at €174,992, resulting in an overpriced assessment of €424,008 (70.8%). This discrepancy indicates the property is not a sound investment opportunity.
Fair value modelled at €174,992 from the area baseline, adjusted for condition and location. Asking €599,000 sits €424,008 (70.8%) above — overpriced versus fair value.
Asking €599,000 versus the avenida Tomás Cabreira, 34 area baseline of €152,813 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 75 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida Tomás Cabreira, 34
Area baseline €152,813 + condition +€7,509 + location +€14,670 = modelled fair value of €174,992 (€1,966/m²), a €424,008 (70.8%) gap versus the €599,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Tomás Cabreira, 34 | Subject | €599,000 | €6,730 | — | 75 | 74 |
| avenida Tomás Cabreira, 34 | Active | €599,000 | €6,730 | 0% | 79 | 75 |
| rua Vale de Lagar, 21 | Active | €274,800 | €2,893 | 57.0% | 70 | 62 |
| praceta Mar de Timor | Active | €335,000 | €3,018 | 55.2% | 68 | 71 |
| Portimão · dee648 | Active | €350,000 | €3,684 | 45.3% | 75 | 76 |
| Median comp | €342,500 | €3,351 | 50.2% | 73 | 73 |
Short-term vacation rental The property is overpriced at €599,000, significantly above the fair value of €174,992, which may deter potential short-term rental investors looking for profitable returns. With a gross yield of only 2.4%, and a sizable gap of 70.8% from fair market value, the investment does not align with attractive vacation rental opportunities. Long-term rental Investing in this property for long-term rental is not advisable due to its overpriced status at €599,000 compared to the fair value of €174,992. The low gross yield of 2.4% indicates a weak return on investment, making it less appealing for sustained tenancies. Buy-and-hold The buy-and-hold strategy for this property is unattractive given its overpriced listing of €599,000, far exceeding the fair value of €174,992. With a 70.8% gap from fair value and a less than favorable yield of 2.4%, long-term capital appreciation is unlikely to compensate for the initial overinvestment.
Economic fluctuations risk The property has an economic stability score of 65/100, indicating potential vulnerabilities to economic downturns that may affect rental income and property value.
