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 57 m² on the 1st floor, built in 2007. Located Portimão parish, Portimão municipality, Faro district. Property Features: This apartment boasts a prime location within Edifício Oceano Atlântico, enhancing its appeal with direct access to resort-like amenities and close proximity to Praia da Rocha.
The valuation. The asking price of €195,000 is below its fair value of €216,641, making the property underpriced by €21,641 (10.0%). This presents an attractive buying opportunity for investors looking to capitalize on market conditions.
Fair value modelled at €216,641 from 6 comparable sales in the area. Asking €195,000 sits €21,641 (10.0%) below — the upside to fair value.
Asking €195,000 versus the Portimão, Portimão, Faro area baseline of €222,669 (€3,906/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €222,669, adjusted for condition and micro-location, gives a modelled fair value of €216,641 (€3,801/m²), a €21,641 (10.0%) gap versus the €195,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 190684 | Subject | €195,000 | €3,421 | — | 70 | 75 |
| Portimão · 19f783 | Active | €265,500 | €3,848 | 12.5% | 78 | 68 |
| Portimão · 420269 | Active | €315,000 | €5,000 | 46.2% | 72 | 79 |
| Portimão · b7b821 | Active | €329,000 | €5,141 | 50.3% | 70 | 71 |
| rua da Pedra | Active | €297,500 | €2,755 | 19.5% | 75 | 75 |
| Median comp | €306,250 | €4,424 | 29.3% | 74 | 73 |
Short-term vacation rental This 1-bed apartment in Portimão is well-positioned for short-term vacation rentals, given its attractive yield of 4.8% and the prime tourist destination status of the Algarve. With a fair value gap of 10.0%, this property presents an intriguing opportunity for investors looking to capitalize on the robust tourism market. Buy-and-hold Investing in this property as a buy-and-hold asset is favorable, particularly with the fair value exceeding the listing price by 10.0%, ensuring a solid foundational investment in the growing Algarve housing market. The 4.8% gross yield further strengthens its appeal for long-term rental income. Value-add renovation There is potential for a value-add renovation strategy with this apartment, as its condition rating of 75/100 suggests opportunities for improvement that could enhance property value. The 10.0% gap to fair value can be bridged by targeted renovations, thereby increasing both rental income and overall market appeal.
Potential Tenant Turnover Risk: With both Economic stability and Tenant stability scores at 70/100, there is an elevated risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
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