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 55 m² on the 13th floor, built in 1985, energy rating D. Located on rua Engenheiro Francisco Bívar, 207, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features a closed balcony that offers panoramic views over Praia da Rocha and Portimão, enhancing the living experience with both comfort and scenery.
The valuation. The asking price of €265,000 is slightly below the fair value of €269,973, indicating a difference of €4,973 (1.8%). This pricing reflects a property that is fairly valued in the current market. Buy-to-flip angle. With potential renovations and modern upgrades to premium finishes, the property could appeal to flippers aiming for a higher resale price in the thriving Portimão market. The estimated resale value could be significantly elevated with strategic improvements. Buy-to-let angle. The estimated gross yield of 3.7% suggests strong potential for long-term rental income at approximately €817/month, benefiting from the apartment's location in a popular tourist region of Algarve. This could ensure steady cash flow for the investor.
Fair value modelled at €269,973 from 6 comparable sales in the area. Asking €265,000 sits €4,973 (1.8%) below — the upside to fair value.
Asking €265,000 versus the rua Engenheiro Francisco Bívar, 207 area baseline of €234,560 (€4,265/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €234,560, adjusted for condition and micro-location, gives a modelled fair value of €269,973 (€4,909/m²), a €4,973 (1.8%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Engenheiro Francisco Bívar, 207 | Subject | €265,000 | €4,818 | — | 80 | 70 |
| avenida da Praia da Rocha | Active | €260,000 | €5,098 | 5.8% | 76 | 64 |
| Portimão · b7bf94 | Active | €250,000 | €4,902 | 1.7% | 80 | 73 |
| rua Cabo da Boa Esperança | Active | €237,000 | €4,740 | 1.6% | 75 | 72 |
| Portimão · b7c17d | Active | €249,500 | €4,892 | 1.5% | 73 | 75 |
| Median comp | €249,750 | €4,897 | 1.6% | 76 | 73 |
Short-term vacation rental The property presents a reasonable opportunity for short-term vacation rentals with a gross yield of 3.7%, aligning well with the attractive tourist region of Portimão. However, the slight gap of 1.8% compared to fair value suggests limited upside potential in rental returns. Long-term rental This 1-bed apartment offers a stable investment option for long-term rental, benefiting from the generally low crime rate and decent tenant quality in the Algarve. The fair market positioning implies steady cash flow, but the low yield of 3.7% indicates moderate return expectations. Buy-and-hold The buy-and-hold strategy for this property could offer stable, long-term growth in a popular tourist area, but with the property currently priced at €265,000, the margin for appreciation appears limited. The fair value assessment demonstrates that while the property is not overpriced, it may not provide exceptional value growth over time.
Economic Vulnerability The economic stability score of 60/100 indicates a potential risk due to fluctuations in local market conditions that could impact 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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