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 40 m², built in 1993, energy rating E. Located on avenida das Comunidades Lusíadas, 3, Portimão parish, Portimão municipality, Faro district. Prominent features: The property is situated in a gated community with 24-hour security and includes a non-operational swimming pool, enhancing its appeal for investment.
The valuation. The asking price of €182,500 significantly exceeds the fair value of €68,449, indicating an overvaluation of €114,051 (62.5%). This price is not consistent with current market expectations for similar properties in the area.
Fair value modelled at €68,449 from the area baseline, adjusted for condition and location. Asking €182,500 sits €114,051 (62.5%) above — overpriced versus fair value.
Asking €182,500 versus the avenida das Comunidades Lusíadas, 3 area baseline of €129,040 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 64 · Materials 67 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 67 · Amenities 74 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida das Comunidades Lusíadas, 3
Area baseline €129,040 + condition -€6,000 + location +€5,769 = modelled fair value of €68,449 (€1,711/m²), a €114,051 (62.5%) gap versus the €182,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida das Comunidades Lusíadas, 3 | Subject | €182,500 | €4,563 | — | 64 | 71 |
| avenida São João de Deus | Active | €265,000 | €2,978 | 34.7% | 65 | 75 |
| ladeira do Vau | Active | €310,000 | €3,263 | 28.5% | 76 | 73 |
| Portimão · 6eba5f | Active | €290,000 | €4,203 | 7.9% | 76 | 73 |
| ladeira do Vau | Active | €310,000 | €3,263 | 28.5% | 75 | 69 |
| Median comp | €300,000 | €3,263 | 28.5% | 76 | 73 |
Short-term vacation rental The property is overpriced at €182,500 compared to the fair value of €68,449, representing a significant 62.5% gap. While the gross yield of 5% is attractive, seasonal fluctuations in the coastal Algarve region could compromise earnings stability during off-peak periods. Long-term rental At €182,500, this apartment is overpriced relative to its fair value of €68,449, presenting a 62.5% discrepancy. The condition score of 65/100 and average neighborhood rating of 71/100 suggest limited appeal for attracting long-term tenants, impacting potential rental income. Buy-and-hold Considering the apartment's listing price of €182,500 and a fair value of €68,449 reflects a 62.5% overvaluation, making it a less attractive buy-and-hold investment. The dependency on seasonal tourism in the Algarve may lead to volatile returns over time, further questioning the feasibility of holding this asset long-term.
Tenant turnover risk There is a risk of increased tenant turnover due to a tenant stability score of 70/100, which may lead to higher vacancy rates and additional costs associated with re-letting the property.
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