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 on the 5th floor, built in 1994, energy rating D. Located on avenida das Comunidades Lusíadas, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment's modern kitchen includes high-end appliances and the living area boasts large windows that enhance natural light, creating a bright and airy atmosphere.
The valuation. The asking price of €250,000 is significantly above the fair value of €95,608, indicating an overvaluation of €154,392 (61.8%). This property cannot be considered a deal based on current market standards.
Fair value modelled at €95,608 from the area baseline, adjusted for condition and location. Asking €250,000 sits €154,392 (61.8%) above — overpriced versus fair value.
Asking €250,000 versus the avenida das Comunidades Lusíadas area baseline of €164,526 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 78 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida das Comunidades Lusíadas
Area baseline €164,526 + condition +€1,036 + location +€7,005 = modelled fair value of €95,608 (€1,875/m²), a €154,392 (61.8%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida das Comunidades Lusíadas | Subject | €250,000 | €4,902 | — | 74 | 70 |
| rua Cabo da Boa Esperança | Active | €237,000 | €4,740 | 3.3% | 75 | 72 |
| rua Rainha Dona Leonor, 141 | Active | €340,000 | €7,234 | 47.6% | 85 | 74 |
| alameda License | Active | €275,000 | €4,231 | 13.7% | 74 | 71 |
| travessa das Piscinas Municipais, 2 | Active | €490,000 | €10,426 | 112.7% | 72 | 70 |
| Median comp | €307,500 | €5,987 | 22.1% | 75 | 72 |
Short-term vacation rental The property is overpriced, with a significant gap of 61.8% from its fair value, making it a risky investment in the short-term vacation rental market. Despite the area's tourism impact, the 3.8% gross yield does not justify the high asking price. Buy-and-hold Given the property’s current valuation being €250,000 against a fair value of €95,608, it is overpriced for a long-term buy-and-hold strategy. With a gross yield of just 3.8%, the investment lacks the fundamentals to ensure sustainable returns over time. Value-add renovation The property is overpriced at €250,000, significantly exceeding its fair value of €95,608, indicating that potential renovations may not yield sufficient returns. The 76/100 condition rating might allow for upgrades, but the initial investment remains high relative to achievable profit margins.
Economic Vulnerability The economic stability score of 65 indicates potential fluctuations in market conditions that could negatively impact property values and rental income.
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