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 house of 61 m², built in 2003, energy rating C. Located on rua do Oceano Índico, 24, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This property includes a balcony ideal for outdoor relaxation and a valuable allocated outdoor parking space, enhancing convenience in a prime area near Praia da Rocha.
The valuation. The asking price of €240,000 is significantly below the fair value of €289,622, reflecting a difference of €49,622 (17.1%). This property is considered underpriced, presenting a compelling buying opportunity.
Fair value modelled at €289,622 from 6 comparable sales in the area. Asking €240,000 sits €49,622 (17.1%) below — the upside to fair value.
Asking €240,000 versus the rua do Oceano Índico, 24 area baseline of €272,074 (€4,460/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €272,074, adjusted for condition and micro-location, gives a modelled fair value of €289,622 (€4,748/m²), a €49,622 (17.1%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Oceano Índico, 24 | Subject | €240,000 | €3,934 | — | 72 | 68 |
| Ferragudo · 4a44c4 | Active | €535,000 | €4,496 | 14.3% | — | 75 |
| rua do Forno, 67 | Active | €210,000 | €2,625 | 33.3% | 70 | 71 |
| travessa Mestre de Aviz | Active | €320,000 | €5,000 | 27.1% | 60 | 72 |
| Portimão · 956f2d | Active | €1,500,000 | €23,438 | 495.7% | 70 | 72 |
| Median comp | €427,500 | €4,748 | 20.7% | 70 | 72 |
Short-term vacation rental This property, while priced at €240,000, reflects an attractive gap of 17.1% below its fair value of €289,622, making it a promising option for short-term vacation rental investment. With a gross yield of 3.1% and a solid condition score of 67/100, it is positioned well to capitalize on the tourist-driven economy of Portimão. Buy-and-hold Purchasing this 1-bed house at €240,000 presents a strategic opportunity given its fair value of €289,622, indicating it is 17.1% underpriced in the current market. The combination of a decent yield of 3.1% and favorable conditions for long-term appreciation in Portimão supports a buy-and-hold strategy. Family rental While the property is presently offered at €240,000, establishing a family rental option could benefit from its fair value of €289,622, underlining a 17.1% pricing advantage. The neighborhood's decent amenities and robust tourism appeal make this house a viable family rental prospect despite a lower yield of 3.1%. Not ideal for student housing Despite the 1-bed house being priced at €240,000, it is not suitably positioned for student housing investments as reflected in its neighborhood score of 68/100 and overall economic dynamics. The reliance on tourism diminishes its desirability among the student demographic, thereby categorizing it as an unfit investment in that sector.
Economic Vulnerability The property is exposed to potential economic downturns given its moderate scores of 65/100 in both economic and tenant stability, which may lead to decreased occupancy rates or rental income.
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