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 61 m², built in 2005, energy rating C. Located Portimão parish, Portimão municipality, Faro district. This apartment features a generous east-facing balcony, providing a tranquil outdoor space to enjoy the morning sun and enhance your living experience in a prime location.
The valuation. The asking price of €245,000 is slightly below the fair value of €256,805, presenting a difference of €11,805 (4.6%). This positions the property as fairly valued in the current market.
Fair value modelled at €256,805 from 6 comparable sales in the area. Asking €245,000 sits €11,805 (4.6%) below — the upside to fair value.
Asking €245,000 versus the Portimão, Portimão, Faro area baseline of €227,974 (€3,737/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €227,974, adjusted for condition and micro-location, gives a modelled fair value of €256,805 (€4,210/m²), a €11,805 (4.6%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1907f4 | Subject | €245,000 | €4,016 | — | 72 | 67 |
| rua dos Lusíadas S / N | Active | €260,000 | €5,909 | 47.1% | 72 | 73 |
| rua Mouzinho de Albuquerque, 18 | Active | €375,000 | €4,213 | 4.9% | 75 | 73 |
| rua Armando Miranda S / N | Active | €259,000 | €3,754 | 6.5% | 74 | 75 |
| Portimão · 1e638b | Active | €211,720 | €5,293 | 31.8% | 75 | 72 |
| Median comp | €259,500 | €4,753 | 18.3% | 75 | 73 |
Short-term vacation rental The property’s listing of €245,000 is fairly aligned with its fair value of €256,805, suggesting a modest opportunity for short-term vacation rentals in the thriving Algarve tourist market. With a gross yield of 4.3% and its location in a tourist-heavy area, it presents a viable option for generating rental income, although not without competition from other properties. Long-term rental While priced at €245,000 is at a fair valuation compared to its estimated worth of €256,805, the property's gross yield of 4.3% reflects reasonable but not exceptional returns for long-term rental strategies. Its condition score of 76/100 indicates a decent standard for potential tenants, though the neighborhood rating of 67/100 suggests some limitations in tenant quality and attractiveness. Buy-and-hold The current valuation of €245,000 is fair when measured against the fair value of €256,805, indicating that any buy-and-hold strategy should be considered carefully in light of the potential for moderate appreciation. With a focus on the Algarve’s tourism-driven economy, the property may provide steady returns, but investors should note the competitive rental landscape and the moderate condition and neighborhood ratings.
Economic downturn risk The property may face potential revenue decline due to the economic stability score of 60/100 indicating vulnerability to market fluctuations and financial instability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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