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 69 m² on the 6th floor, built in 1991. Located on rua das Anforas, 295, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This property includes a private balcony with partial sea views, enhancing its appeal for both relaxation and potential rental income.
The valuation. The asking price of €450,000 exceeds the fair value of €320,872 by €129,128 (40.2%), indicating the property is overpriced. This discrepancy raises concerns regarding potential investment returns. Buy-to-flip angle. A buy-to-flip strategy would hinge on renovations that appeal to upscale buyers, but the current asking price significantly limits profitability given the high acquisition cost. Buy-to-let angle. The estimated rental income of €862/month yields a modest 2.3%, which may not sufficiently cover the costs associated with owning a property at this price point in a mixed neighbourhood.
Fair value modelled at €320,872 from 6 comparable sales in the area. Asking €450,000 sits €129,128 (40.2%) above — overpriced versus fair value.
Asking €450,000 versus the rua das Anforas, 295 area baseline of €306,437 (€4,441/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 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 €306,437, adjusted for condition and micro-location, gives a modelled fair value of €320,872 (€4,650/m²), a €129,128 (40.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Anforas, 295 | Subject | €450,000 | €6,522 | — | 65 | 73 |
| Portimão · 8936c2 | Active | €292,000 | €4,867 | 25.4% | 68 | 70 |
| rua do Oceano Índico | Active | €267,000 | €2,840 | 56.4% | 70 | 72 |
| praceta das Faias | Active | €235,000 | €4,434 | 32.0% | 70 | 72 |
| avenida das Comunidades Lusíadas | Active | €295,000 | €5,784 | 11.3% | 68 | 65 |
| Median comp | €279,500 | €4,651 | 28.7% | 69 | 71 |
Short-term vacation rental The potential yield of 2.3% is significantly below the expected for short-term vacation rentals, indicating that this investment may not meet performance targets. Given the 40.2% premium over fair value, the financial return on this strategy is likely to be compromised. Buy-and-hold With an overall property condition rating of 64/100 and a neighbourhood rating of 73/100, the property does not present strong fundamentals for a buy-and-hold strategy. Furthermore, the substantial gap from fair value suggests that long-term appreciation prospects may be hindered by the current pricing. Long-term rental The already low yield of 2.3% raises concerns about cash flow sustainability for a long-term rental strategy, particularly in a market affected by seasonal employment. The significant overpricing of the property further exacerbates the challenges in achieving a satisfactory rental income in this segment.
Economic Volatility Risk The economic stability score of 65 suggests potential fluctuations in the local economy that could impact rental income and property values negatively. Tenant Instability Risk With a tenant stability score of 70, there may be a moderate risk of tenant turnover and vacancy.
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