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 81 m² on the 2nd floor, built in 1994, energy rating D. Located on avenida Tomás Cabreira, Portimão parish, Portimão municipality, Faro district. Notable Features: This apartment boasts an enviable location in the prestigious Concorde Building, offering breathtaking sea views and a convenient private parking space, critical in a sought-after area.
The valuation. The asking price of €350,000 significantly exceeds the fair value of €137,971, resulting in an overvaluation of €212,029 (60.6%). This pricing reflects a substantial discrepancy between market expectations and property worth.
Fair value modelled at €137,971 from the area baseline, adjusted for condition and location. Asking €350,000 sits €212,029 (60.6%) above — overpriced versus fair value.
Asking €350,000 versus the avenida Tomás Cabreira area baseline of €261,306 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 (Condition 65 · Materials 55 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 81/100 (Housing Market 75 · Amenities 85 · Economic 65 · Tenant Quality 90). Strong amenities and housing-market momentum support a premium to baseline.
avenida Tomás Cabreira
Area baseline €261,306 + condition -€18,352 + location +€17,246 = modelled fair value of €137,971 (€1,703/m²), a €212,029 (60.6%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Tomás Cabreira | Subject | €350,000 | €4,321 | — | 65 | 81 |
| Portimão · 8936c2 | Active | €292,000 | €4,867 | 12.6% | 68 | 70 |
| avenida das Comunidades Lusíadas | Active | €224,000 | €4,766 | 10.3% | — | 71 |
| Portimão · cfe06a | Active | €236,000 | €6,378 | 47.6% | — | 75 |
| rua do Oceano Índico | Active | €267,000 | €2,840 | 34.3% | 70 | 72 |
| Median comp | €251,500 | €4,817 | 11.5% | 69 | 72 |
Short-term vacation rental The current asking price of €350,000 is significantly above the fair value of €137,971, representing a 60.6% gap, which raises concerns about potential profitability in the short-term rental market. Additionally, with a gross yield of only 3.2% and the property being in a moderately rated condition of 61/100, the investment may struggle to generate attractive returns. Buy-and-hold Investing in this property as a buy-and-hold strategy appears less favorable given its current listing price of €350,000, which is 60.6% higher than the fair value of €137,971. The modest yield of 3.2% and average neighborhood rating suggest that long-term value appreciation may not justify the high purchase cost. Luxury market The asking price suggests this property is positioned for the luxury market, yet its valuation gap of 60.6% against the fair value of €137,971 indicates a misalignment with market expectations. In light of its lower-than-average yield of 3.2% and condition rating of 61/100, the appeal to high-end buyers may be limited, reflecting a property that is overpriced for its perceived luxury potential. Not ideal for student housing This property does not align with the student housing market, particularly as it is priced at €350,000, well above its fair value of €137,971, making it financially unviable for potential student renters. The combination of a low gross yield of 3.2% and condition rating of 61/100 further solidifies its unsuitability for this demographic.
Economic downturn risk The economic stability score of 65/100 indicates potential vulnerability to economic downturns, which could impact rental income and property value.
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