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 52 m², built in 1984, energy rating D. Located Portimão parish, Portimão municipality, Faro district. This apartment features a modern keyless entry system and newly installed windows, enhancing both security and energy efficiency in a desirable coastal location.
The valuation. The asking price of €230,000 is significantly below the fair value of €268,826, reflecting a difference of €38,826 or 14.4%. This presents a sound investment opportunity for potential buyers.
Fair value modelled at €268,826 from 6 comparable sales in the area. Asking €230,000 sits €38,826 (14.4%) below — the upside to fair value.
Asking €230,000 versus the Portimão, Portimão, Faro area baseline of €246,639 (€4,743/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €246,639, adjusted for condition and micro-location, gives a modelled fair value of €268,826 (€5,170/m²), a €38,826 (14.4%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1f3564 | Subject | €230,000 | €4,423 | — | 70 | 74 |
| Portimão · b7bf94 | Active | €250,000 | €4,902 | 10.8% | 80 | 73 |
| Portimão · 4681fa | Active | €215,000 | €4,216 | 4.7% | 72 | 66 |
| rua Rainha Dona Leonor, 141 | Active | €340,000 | €7,234 | 63.6% | 85 | 74 |
| travessa das Piscinas Municipais, 2 | Active | €490,000 | €10,426 | 135.7% | 72 | 70 |
| Median comp | €295,000 | €6,068 | 37.2% | 76 | 72 |
Long-term rental The investment in a long-term rental strategy for the 1-bed apartment in Portimão is promising due to its 14.4% gap from fair value, indicating that it is subpriced in the current market. The 4.6% gross yield, coupled with a safe neighborhood and reasonable condition score, enhances its attractiveness for stable, ongoing rental income. Short-term vacation rental Capitalizing on the strong tourism presence in the Algarve, this property is well-suited for a short-term vacation rental strategy, benefiting from its appealing location and subpriced valuation. The high demand for vacation rentals, combined with a decent neighborhood rating of 74/100, suggests strong potential for profitable rental performance in this sector. Family rental Allocating the apartment for family rental is a strategic choice given its size and fair value gap, making it an appealing option for families seeking housing in a safe area of Portimão. The family rental market in this tourism-driven region is bolstered by the neighborhood’s amenities and stable economic prospects, supporting a reliable tenant base. Not ideal for: Student housing Given the current market characteristics and the target demographics in Portimão, this 1-bed apartment is not ideally suited for student housing. The focus on short-term rentals driven by tourism skews potential tenant quality away from the student market, positioning this property more favorably for other rental strategies.
Economic Dependence Risk The economic stability score of 65 indicates potential vulnerability to economic downturns, which may impact tenant retention and rental income.
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