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 53 m² on the 1st floor, built in 1994. Located on praceta das Faias, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment is located in a quiet area surrounded by green spaces and offers easy access to shops, schools, and main city roads.
The valuation. The asking price of €235,000 is just 3.5% above the fair value of €227,017, suggesting the property is fairly priced relative to market conditions. This indicates a balanced opportunity for potential investors.
Fair value modelled at €227,017 from 6 comparable sales in the area. Asking €235,000 sits €7,983 (3.5%) above — overpriced versus fair value.
Asking €235,000 versus the praceta das Faias area baseline of €214,747 (€4,052/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing 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 €214,747, adjusted for condition and micro-location, gives a modelled fair value of €227,017 (€4,283/m²), a €7,983 (3.5%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta das Faias | Subject | €235,000 | €4,434 | — | 70 | 72 |
| avenida das Comunidades Lusíadas | Active | €295,000 | €5,784 | 30.5% | 68 | 65 |
| Alvor · b7c096 | Active | €245,000 | €4,083 | 7.9% | 68 | 68 |
| rua das Anforas, 51 | Active | €225,000 | €3,879 | 12.5% | 55 | 75 |
| rua dos Lusíadas S / N | Active | €260,000 | €5,909 | 33.3% | 72 | 73 |
| Median comp | €252,500 | €4,934 | 11.3% | 68 | 71 |
Short-term vacation rental This property benefits from its location in the Algarve, a region driven by tourism demand, making it a suitable option for short-term vacation rentals despite being fairly priced. However, the seasonal nature of the rental market may impact occupancy rates and revenue stability throughout the year. Buy-and-hold With a fair valuation and a gross yield of 4%, this property can serve as a long-term buy-and-hold investment that provides moderate returns, capitalizing on the ongoing demand for housing in Portimão. The neighborhood rating of 72 out of 100 indicates a favorable living environment, although it’s important to consider market fluctuations due to tourism dependency. Family rental Priced fairly at €235,000, this one-bedroom apartment could appeal to families looking for rentals in a safe neighborhood with a crime rating that supports a stable tenant profile. Nevertheless, the limited size of the apartment may restrict its attractiveness for larger families, thereby affecting potential rental demand in this segment.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturns impacting property value and rental income stability.**
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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