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 90 m² on the 4th floor. Located Portimão parish, Portimão municipality, Faro district. This property features a 24-hour reception and both outdoor and indoor pools, enhancing its appeal for both personal use and as a lucrative rental investment.
The valuation. The asking price of €235,000 is significantly below the fair value of €279,151, representing a discount of €44,151 (15.8%). This property is considered underpriced and offers potential for value appreciation. Buy-to-flip angle. The buy-to-flip strategy involves acquiring the apartment at its current undervalued asking price, making targeted updates, and reselling it for a profit in a thriving market. The anticipated resale value is likely to exceed the initial investment. Buy-to-let angle. With an estimated rental income of €862 per month, the property presents a gross yield of 4.4%. Its appeal as a vacation rental capitalizes on Algarve's tourism economy while maintaining long-term rental potential.
Fair value modelled at €279,151 from 6 comparable sales in the area. Asking €235,000 sits €44,151 (15.8%) below — the upside to fair value.
Asking €235,000 versus the Portimão, Portimão, Faro area baseline of €259,114 (€2,879/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €259,114, adjusted for condition and micro-location, gives a modelled fair value of €279,151 (€3,102/m²), a €44,151 (15.8%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 3d9899 | Subject | €235,000 | €2,611 | — | 70 | 71 |
| Portimão · 4a4442 | Active | €345,000 | €3,108 | 19.0% | — | 74 |
| Alvor · 622808 | Active | €140,000 | €3,256 | 24.7% | 78 | 60 |
| Portimão · f46d35 | Active | €260,000 | €2,857 | 9.4% | 74 | 73 |
| Portimão · 190684 | Active | €195,000 | €3,421 | 31.0% | 70 | 75 |
| Median comp | €227,500 | €3,182 | 21.9% | 74 | 74 |
Short-term vacation rental With a fair value of €279,151, this 1-bed apartment in Portimão is currently priced at €235,000, indicating it is underpriced by 15.8%. Given the Algarve's strong tourism sector, this property offers a gross yield of 4.4%, making it an attractive option for short-term vacation rentals. Long-term rental The property’s competitive pricing at €235,000 presents an opportunity for long-term rental investment, given the 4.4% gross yield. Its solid neighborhood score of 71/100 coupled with the favorable economic conditions in the Algarve further enhances its appeal to long-term tenants. Buy-and-hold Acquiring this apartment at €235,000, which is underpriced relative to its fair value, makes it a compelling buy-and-hold investment. The combination of a steady yield of 4.4% and the strong tourism influx in the Algarve position this property favorably for future appreciation.
Economic Sensitivity Risk With an economic stability score of 65/100, there is a moderate risk of economic downturns affecting tenant demand and rental income.
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