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 4th floor, energy rating B. Located on rua Gomes Leal, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment provides a unique opportunity for rental income, being just 250 meters from the beach, while also offering access to a variety of on-site amenities and recreation options.
The valuation. The asking price of €225,000 sits €51,809 (18.7%) below the fair value of €276,809, indicating the property is underpriced. This creates a favorable opportunity for prospective buyers looking for a solid investment.
Fair value modelled at €276,809 from 6 comparable sales in the area. Asking €225,000 sits €51,809 (18.7%) below — the upside to fair value.
Asking €225,000 versus the rua Gomes Leal area baseline of €257,625 (€4,684/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €257,625, adjusted for condition and micro-location, gives a modelled fair value of €276,809 (€5,033/m²), a €51,809 (18.7%) gap versus the €225,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gomes Leal | Subject | €225,000 | €4,091 | — | 72 | 72 |
| rua da Raminha, 17 | Active | €299,000 | €2,990 | 26.9% | 65 | 68 |
| Portimão · dee59b | Active | €375,000 | €4,934 | 20.6% | 70 | 75 |
| rua das Amendoeiras | Active | €295,000 | €2,757 | 32.6% | 70 | 71 |
| Portimão · 622933 | Active | €390,000 | €5,132 | 25.4% | — | 83 |
| Median comp | €337,000 | €3,962 | 3.2% | 70 | 73 |
Short-term vacation rental This 1-bed apartment in Portimão is ideally suited for short-term vacation rentals, given its proximity to the popular Algarve coast and a strong tourism market. With an attractive gross yield of 4.8% and an 18.7% gap from fair value, this property presents a lucrative opportunity for investors looking to capitalize on vacation rental demand. Buy-and-hold Investing in this apartment as a buy-and-hold strategy allows for long-term appreciation potential, supported by the ongoing demand driven by tourism in the region. The property’s fair value of €276,809 suggests that purchasing at €225,000 could yield significant future returns as the housing market continues to thrive. Family rental This property could serve well as a family rental, especially considering the solid amenities and neighborhood quality ratings of 72/100. The attractive pricing relative to its fair value, combined with the region's family-friendly attractions, makes it a noteworthy choice for long-term residential leasing.
Economic Uncertainty The economic stability score of 60/100 indicates potential vulnerability to market fluctuations, which could affect rental income.
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