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 51 m², built in 1993, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a private balcony ideal for outdoor dining, enhancing the beachfront living experience and offering a scenic view of the area. Condition Notes: Modern finishes and well-kept appliances ensure minimal maintenance for residents.**
The valuation. The asking price of €249,500 exceeds the fair value of €96,324 by €153,176, representing a notable 61.4% overpricing. This discrepancy indicates that the property is a poor investment relative to its market worth.
Fair value modelled at €96,324 from the area baseline, adjusted for condition and location. Asking €249,500 sits €153,176 (61.4%) above — overpriced versus fair value.
Asking €249,500 versus the Portimão, Portimão, Faro area baseline of €164,526 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 73 · Materials 78 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 80 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Portimão, Portimão, Faro
Area baseline €164,526 + condition +€0 + location +€8,757 = modelled fair value of €96,324 (€1,889/m²), a €153,176 (61.4%) gap versus the €249,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · b7c17d | Subject | €249,500 | €4,892 | — | 73 | 75 |
| avenida das Comunidades Lusíadas | Active | €395,000 | €5,643 | 15.3% | 76 | 77 |
| rua Cabo da Boa Esperança | Active | €237,000 | €4,740 | 3.1% | 75 | 72 |
| avenida das Comunidades Lusíadas | Active | €369,000 | €4,146 | 15.3% | 75 | 73 |
| avenida Tomás Cabreira | Active | €325,000 | €4,392 | 10.2% | 70 | 71 |
| Median comp | €347,000 | €4,566 | 6.7% | 75 | 73 |
Short-term vacation rental The property’s asking price of €249,500 is significantly above its fair value of €96,324, resulting in a 61.4% gap that undermines its investment potential for short-term rentals despite the strong tourism demand in the Algarve. Given the 3.9% gross yield and decent condition of 75/100, this investment strategy is likely to yield less desirable returns, making the property overpriced. Luxury market Positioned in a desirable tourist region, this 1-bed apartment is listed at €249,500, which is well above its fair value of €96,324, reflecting a concerning 61.4% premium that diminishes its attractiveness in the luxury segment. While the property benefits from a favorable neighborhood rating of 75/100, the inflated pricing precludes it from being an appealing luxury investment. Buy-and-hold With a listing price of €249,500 far exceeding the fair value of €96,324 and indicating an overpricing of 61.4%, this property does not present a sound buy-and-hold opportunity. The gross yield of 3.9% alongside the neighborhood's decent reputation suggests limited upside potential, reinforcing that this investment strategy is not ideal for this overpriced asset.
Economic Vulnerability The economic stability score of 70 indicates that the area may face fluctuations that could impact tenant demand and rental income stability.
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