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 48 m² on the 2nd floor, built in 1993, energy rating E. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment offers a south-facing balcony ideal for sunbathing, situated in a gated community with 24-hour security and private parking for added peace of mind.
The valuation. The asking price of €170,000 sits €22,377 (11.6%) below the fair value of €192,377. This property is therefore considered subpriced, representing a potentially advantageous opportunity for investors.
Fair value modelled at €192,377 from 6 comparable sales in the area. Asking €170,000 sits €22,377 (11.6%) below — the upside to fair value.
Asking €170,000 versus the Portimão, Portimão, Faro area baseline of €207,698 (€4,327/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 41/100 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 €207,698, adjusted for condition and micro-location, gives a modelled fair value of €192,377 (€4,008/m²), a €22,377 (11.6%) gap versus the €170,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · d05a4f | Subject | €170,000 | €3,542 | — | 35 | 67 |
| Portimão · 02379c | Active | €190,000 | €3,958 | 11.8% | 43 | 71 |
| Portimão · 622862 | Active | €275,000 | €3,438 | 2.9% | — | 73 |
| avenida das Comunidades Lusíadas | Active | €215,000 | €5,119 | 44.5% | 48 | 73 |
| rua da Vila Rosa, 12 | Active | €247,500 | €4,057 | 14.6% | 60 | 66 |
| Median comp | €231,250 | €4,008 | 13.2% | 48 | 72 |
Short-term vacation rental This 1-bed apartment, priced at €170,000, reflects a notable opportunity with a fair value of €192,377, indicating it's underpriced by 11.6%. Given the strong yield of 5.6% gross and its location in a tourist-centric area of the Algarve, it stands to benefit significantly from seasonal demand for vacation rentals. Buy-and-hold Considering its price is below fair value, this property presents a solid buy-and-hold investment, poised to appreciate over time as the region continues to thrive on tourism. The robust gross yield of 5.6% further underscores the potential for steady cash flow while capitalizing on long-term price growth. Family rental With a gap to fair value of 11.6%, this apartment can serve as an appealing option for family rentals in a neighbourhood rated 67/100. While the condition is rated 41/100, it can still attract stable tenants seeking long-term accommodations in a predominantly tourist area.
Potential Tenant Turnover The economic stability score of 60/100 and tenant stability score of 65/100 indicate a moderate risk of tenant turnover, potentially impacting rental income stability.
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