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 111 m², built in 2005, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy features: The apartment's expansive balcony provides unobstructed views of the Arade River, while its strategic location allows for easy access to both local amenities and the renowned Praia da Rocha.
The valuation. The asking price of €345,000 sits €49,946 (16.9%) above the fair value of €295,054, indicating that the property is overpriced. This misalignment raises concerns about the potential return on investment.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 4a4442 | Subject | €345,000 | €3,108 | — | — | 74 |
| Portimão · bf2a1f | Active | €285,000 | €2,615 | 15.9% | 65 | 72 |
| Portimão · 1f35cf | Active | €290,000 | €3,867 | 24.4% | 65 | 73 |
| Portimão · 6d53e6 | Active | €335,000 | €2,702 | 13.1% | 70 | 64 |
| Portimão · 1f36c2 | Active | €265,000 | €3,897 | 25.4% | 72 | 66 |
| Median comp | €287,500 | €3,285 | 5.7% | 68 | 69 |
Short-term vacation rental The property is overpriced by 16.9% compared to its fair value, resulting in a weak yield of 3.4% gross, which does not justify the higher purchase price. Additionally, while the location benefits from Algarve's popularity, the condition at 0/100 significantly limits its attractiveness for vacation rentals. Buy-and-hold At a listing price of €345,000, this 1-bed apartment is above the fair value of €295,054, indicating that investors may struggle to achieve satisfactory returns over time. With a gross yield of only 3.4% and a lack of immediate condition appeal, the potential for long-term appreciation may be compromised. Value-add renovation Given the current condition rating of 0/100, the property demands significant renovations, yet it is overpriced by 16.9% against fair market value. While addressing the condition could enhance its value, the initial investment is unfavorable compared to its current valuation and yield prospects.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturns affecting tenant demand and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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