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.
2-bedroom, 1-bathroom apartment of 65 m² on the 12th floor, built in 1986, energy rating D. Located on avenida Tomás Cabreira, Portimão parish, Portimão municipality, Faro district. Stunning panoramic ocean views from every room and prime location directly across from the prestigious Bela Vista Hotel & Spa enhance the allure of this exceptional apartment.
The valuation. The asking price of €887,000 is significantly above the fair value of €262,597, representing a staggering 237.8% markup. This property is priced well beyond reasonable market expectations, suggesting it is overpriced.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Tomás Cabreira | Subject | €887,000 | €13,646 | — | — | 75 |
| Portimão · 956ee1 | Active | €222,000 | €2,921 | 78.6% | 68 | 73 |
| avenida Tomás Cabreira | Active | €350,000 | €4,321 | 68.3% | 65 | 81 |
| Ferragudo · be91f0 | Active | €395,000 | €4,438 | 67.5% | 70 | 75 |
| avenida São João de Deus, 54 | Active | €220,000 | €3,607 | 73.6% | — | 65 |
| Median comp | €286,000 | €3,964 | 71.0% | 68 | 74 |
Short-term vacation rental The property is overpriced at €887,000, significantly above the fair value of €262,597, resulting in a substantial 237.8% gap. With a gross yield of only 1.5%, this investment strategy is unlikely to generate desirable returns in the competitive vacation rental market of Algarve. Buy-and-hold At €887,000, this property is selling for more than three times its assessed fair value of €262,597, indicating a notable 237.8% premium. Given the low yield of 1.5% and the current condition score of 0/100, the long-term potential for appreciation appears weak and financially unsustainable. Long-term rental Valued at €887,000 while only reasonably worth €262,597 represents a concerning 237.8% overpricing issue. The low gross yield of 1.5% suggests that the rental income generated will not justify the inflated acquisition cost, making this strategy less appealing for steady cash flow.
Potential Tenant Default Risk The economic stability score of 70/100 indicates a moderate risk of economic downturn, which could lead to an increase in tenant defaults given the tenant stability score of 75/100.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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