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 studio of 47 m² on the 18th floor, built in 2000, energy rating B. Located on rua do Miradouro, 5, Portimão parish, Portimão municipality, Faro district. This studio features a panoramic sea view and access to an array of amenities like a pool, garden, and tennis court within the Jardins da Rocha Condominium.
The valuation. The asking price of €349,000 significantly exceeds the fair value of €89,946, representing an overpricing of €259,054 (74.2%). This discrepancy highlights a lack of market alignment for this property.
Fair value modelled at €89,946 from the area baseline, adjusted for condition and location. Asking €349,000 sits €259,054 (74.2%) above — overpriced versus fair value.
Asking €349,000 versus the rua do Miradouro, 5 area baseline of €151,622 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 80 · Materials 75 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 75 · Economic 65 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua do Miradouro, 5
Area baseline €151,622 + condition +€2,791 + location +€6,456 = modelled fair value of €89,946 (€1,914/m²), a €259,054 (74.2%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Miradouro, 5 | Subject | €349,000 | €7,426 | — | 80 | 70 |
| rua Dom Carlos I, 53 | Active | €620,000 | €11,273 | 51.8% | 80 | 75 |
| rua das Amendoeiras | Active | €295,000 | €2,757 | 62.9% | 70 | 71 |
| Portimão · 090095 | Active | €495,000 | €3,536 | 52.4% | 75 | 75 |
| Portimão · dee59b | Active | €375,000 | €4,934 | 33.6% | 70 | 75 |
| Median comp | €435,000 | €4,235 | 43.0% | 73 | 75 |
Long-term rental This property, listed at €349,000, is significantly overpriced, with a fair value of only €89,946, resulting in a 74.2% gap from its fair value. With a gross yield of 2.8%, the investment may not meet the return expectations typically sought in long-term rental markets. Short-term vacation rental Given the tourist appeal of the Algarve, this studio’s proximity to attractions may attract short-term renters; however, the significant overpricing at €349,000 versus the fair value of €89,946 dampens the investment potential. A gross yield of 2.8% does not justify the initial outlay, indicating the property may struggle to provide competitive returns in the vacation rental segment. Buy-and-hold The property is excessively priced at €349,000 compared to the fair value estimation of €89,946, revealing a 74.2% discrepancy that makes it unattractive for a buy-and-hold strategy. Although the location has demand, the low gross yield of 2.8% suggests that long-term appreciation and cash flow may fall short of investor objectives. Not ideal for: This property is not suitable for student housing, the luxury market, or industrial investment due to its high price point and relatively low yield.
Tenant turnover risk The property may face higher-than-average turnover costs due to its tenant stability score of 65/100, indicating potential instability in rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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