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 84 m², built in 2005, energy rating E. Located on rua do Oceano Índico, 1, Portimão parish, Portimão municipality, Faro district. Notable Feature: The top-floor apartment includes a spacious terrace that enhances outdoor living, perfect for sunbathing or dining al fresco while enjoying panoramic views of the surroundings.
The valuation. The asking price of €305,000 is positioned below the fair value of €356,394, resulting in an underpricing of €51,394, or 14.4%. This indicates a favorable opportunity for investment.
Fair value modelled at €356,394 from 6 comparable sales in the area. Asking €305,000 sits €51,394 (14.4%) below — the upside to fair value.
Asking €305,000 versus the rua do Oceano Índico, 1 area baseline of €309,594 (€3,686/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €309,594, adjusted for condition and micro-location, gives a modelled fair value of €356,394 (€4,243/m²), a €51,394 (14.4%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Oceano Índico, 1 | Subject | €305,000 | €3,631 | — | 80 | 70 |
| Portimão · bf2a71 | Active | €135,000 | €2,250 | 38.0% | 76 | 70 |
| Portimão · 1f36c2 | Active | €265,000 | €3,897 | 7.3% | 72 | 66 |
| avenida das Comunidades Lusíadas, 3 | Active | €195,000 | €4,063 | 11.9% | 71 | 67 |
| Portimão · 49b8f0 | Active | €255,000 | €4,722 | 30.1% | 75 | 81 |
| Median comp | €225,000 | €3,980 | 9.6% | 74 | 69 |
Short-term vacation rental The property’s close proximity to the Algarve coast positions it well for strong tourist demand, essential for a successful short-term vacation rental strategy. With the average fair value being 14.4% higher than the listing price, this suggests a favorable opportunity for capital appreciation alongside rental income. Buy-and-hold Given the current market conditions and the property’s fair value exceeding the listing price by 14.4%, it represents a solid buy-and-hold investment, likely to appreciate as the tourism sector thrives. The gross yield of 3.5% further indicates that the property can generate a steady income during the holding period. Family rental Although the property is not particularly suited for the luxury market, its competitive pricing compared to the fair value makes it appealing for family rentals in a region driven by tourism. With a solid condition rating of 79/100, families seeking longer-term rentals will find it an attractive option with reasonable amenities and neighborhood scores supporting its viability.
Economic and Tenant Stability Risk: With both economic and tenant stability scores at 65/100, there is a moderate risk of fluctuating rental income and occupancy rates due to potential economic downturns or tenant turnover.
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