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 64 m², built in 1986, energy rating C. Located on avenida Tomás Cabreira, 2, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes PVC windows with double glazing and thermal blinds, enhancing energy efficiency and sound insulation, essential for coastal living. Condition Analysis: The property is in good livable condition with well-proportioned spaces, making it suitable for immediate occupancy. Valuation Verdict: FAIR Location: Just 150 m from Praia dos 3 Castelos, providing easy access to the beach while being in a quiet area away from nightlife.
The valuation. The asking price of €290,000 significantly exceeds the fair value of €111,100 by €178,900, or 61.7%. This property is considered overpriced in the current market context.
Fair value modelled at €111,100 from the area baseline, adjusted for condition and location. Asking €290,000 sits €178,900 (61.7%) above — overpriced versus fair value.
Asking €290,000 versus the avenida Tomás Cabreira, 2 area baseline of €206,464 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 75 · Materials 70 · Room dimensions 62). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 68/100 (Housing Market 80 · Amenities 65 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida Tomás Cabreira, 2
Area baseline €206,464 + condition -€6,700 + location +€7,912 = modelled fair value of €111,100 (€1,736/m²), a €178,900 (61.7%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Tomás Cabreira, 2 | Subject | €290,000 | €4,531 | — | 75 | 68 |
| avenida das Comunidades Lusíadas S / N | Active | €310,000 | €6,596 | 45.6% | 70 | 71 |
| Portimão · b7b821 | Active | €329,000 | €5,141 | 13.4% | 70 | 71 |
| Portimão · 28bc5b | Active | €325,000 | €6,019 | 32.8% | 65 | 62 |
| Portimão · ba3d7e | Active | €320,000 | €4,267 | 5.8% | 72 | 78 |
| Median comp | €322,500 | €5,580 | 23.1% | 70 | 71 |
Short-term vacation rental The property is overpriced with a gap of 61.7% versus its fair value of €111,100, making it a less attractive option for short-term vacation rentals. Given the yield of only 4% gross, the investment return may not justify the high acquisition cost in this competitive market. Buy-and-hold With a fair value of €111,100 significantly lower than the listing price of €290,000, this buy-and-hold strategy is not recommended in light of the property being overpriced. The stagnant yield of 4% gross does not provide a compelling argument for long-term capital appreciation in a market facing tourism fluctuations. Long-term rental As the property is listed at €290,000 while its fair value is €111,100, it is simply overpriced for a long-term rental strategy. The low yield of 4% gross along with the property's condition and neighbourhood quality being average presents additional risks in securing reliable tenants over time.
Economic vulnerability With an economic stability score of 60/100, there is a notable risk of economic downturns affecting the property's value and tenant demand negatively.
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