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 61 m² on the 1st floor, built in 1965, energy rating D. Located on travessa de Olivença, 8, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment offers a blend of historic charm and modern comfort, highlighted by its spacious kitchen and proximity to urban amenities and Praia da Rocha.
The valuation. The asking price of €260,000 sits slightly above the fair value of €254,660, indicating a premium of €5,340 (2.1%). Verdict: fair. Buy-to-flip angle. The resale strategy involves improving kitchen appliances to boost property appeal before listing at a competitive price for a quick turnaround. Buy-to-let angle. With an estimated gross yield of 3.8% and potential rental income of €823/month, the long-term rental strategy leverages the Algarve's steady tourist flow for consistent occupancy.
Fair value modelled at €254,660 from 6 comparable sales in the area. Asking €260,000 sits €5,340 (2.1%) above — overpriced versus fair value.
Asking €260,000 versus the travessa de Olivença, 8 area baseline of €250,659 (€4,109/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €250,659, adjusted for condition and micro-location, gives a modelled fair value of €254,660 (€4,175/m²), a €5,340 (2.1%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa de Olivença, 8 | Subject | €260,000 | €4,262 | — | 66 | 73 |
| Portimão · f363ac | Active | €310,000 | €4,247 | 0.4% | 65 | 73 |
| avenida Tomás Cabreira | Active | €887,000 | €13,646 | 220.2% | — | 75 |
| Portimão · 956ee1 | Active | €222,000 | €2,921 | 31.5% | 68 | 73 |
| Portimão · 43910a | Active | €279,000 | €4,103 | 3.7% | 72 | 72 |
| Median comp | €294,500 | €4,175 | 2.0% | 68 | 73 |
Short-term vacation rental With a gross yield of 3.8%, this 2-bed apartment in Portimão holds potential for steady income, especially given its location in the tourist-frequented Algarve region. However, the gap to fair value at only 2.1% suggests that the price is aligned with market expectations rather than being a compelling investment opportunity. Long-term rental Offering a 3.8% gross yield, the property's location near beaches can attract reliable tenants for long-term rental purposes, supported by the neighbourhood rating of 73/100. The fair valuation of €260,000 indicates that while it may generate stable income, the entry price does not offer significant advantages for future appreciation. Buy-and-hold The 2-bed apartment’s position in a desirable tourist area may provide consistent returns over time, reflecting a balanced condition score of 63/100. Yet, the fair market valuation implies an absence of immediate investment advantage, as the property’s price does not present inherent underpricing for an extended hold. Not ideal for: Given the characteristics of the property, it is not suitable for student housing, industrial use, or agricultural investment due to the tourism-focused environment and market dynamics.
Economic Vulnerability The economic stability score of 60/100 indicates that there may be potential fluctuations in the local economy, which could impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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