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 94 m², built in 2005, energy rating C. Located on rua do Oceano Índico, Portimão parish, Portimão municipality, Faro district. Highlight: This apartment features a sunny balcony perfect for relaxation and a practical sunroom adjoining the fully equipped kitchen, enhancing functional living space. Condition: Generally shows well with minor maintenance needed.
The valuation. The asking price of €267,000 is significantly above the fair value of €162,970, resulting in an overpricing of €104,030 (39.0%). The property is not a strong investment given its current valuation relative to fair market expectations.
Fair value modelled at €162,970 from the area baseline, adjusted for condition and location. Asking €267,000 sits €104,030 (39.0%) above — overpriced versus fair value.
Asking €267,000 versus the rua do Oceano Índico area baseline of €303,244 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 70 · Materials 65 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua do Oceano Índico
Area baseline €303,244 + condition -€12,631 + location +€14,203 = modelled fair value of €162,970 (€1,734/m²), a €104,030 (39.0%) gap versus the €267,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Oceano Índico | Subject | €267,000 | €2,840 | — | 70 | 72 |
| Portimão · 8936c2 | Active | €292,000 | €4,867 | 71.3% | 68 | 70 |
| rua das Anforas | Active | €269,000 | €4,483 | 57.8% | 75 | 71 |
| avenida das Comunidades Lusíadas | Active | €295,000 | €5,784 | 103.6% | 68 | 65 |
| avenida Miguel Bombarda | Active | €370,000 | €3,627 | 27.7% | 70 | 71 |
| Median comp | €293,500 | €4,675 | 64.6% | 69 | 71 |
Short-term vacation rental Given the property is priced at €267,000, which is 39.0% above its fair value of €162,970, it may not provide the desired return on investment for short-term vacation rentals in a region heavily reliant on tourism. The gross yield of 4.7% does not adequately compensate for the premium price in a market facing limited school options and moderate employment. Buy-and-hold Holding this apartment as a long-term investment may not be advisable due to its overpriced listing, which suggests significant capital loss risk. With a current market gap of 39.0% compared to the fair value, potential appreciation would need to be substantial to justify the investment. Family rental While the property may appeal to families seeking a rental in the Algarve, the 39.0% price gap compared to fair value indicates that it is overpriced and could deter potential tenants. The relatively low condition score of 66/100 further complicates its attractiveness in a family-oriented rental market where quality is often prioritized.
Economic Risk The property may experience unstable cash flows due to an economic stability score of 65/100, indicating potential fluctuations in local market conditions.
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