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 53 m² on the 4th floor, built in 1987, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: This apartment includes a spacious balcony that enhances outdoor living options and showcases the urban landscape of Portimão, alongside dedicated parking in a central location.
The valuation. The asking price of €230,000 is just €988 (0.4%) above the fair value of €229,012, indicating the property is valued fairly. This creates a stable investment environment with an appropriate pricing structure in the current market.
Fair value modelled at €229,012 from 5 comparable sales in the area. Asking €230,000 sits €988 (0.4%) above — overpriced versus fair value.
Asking €230,000 versus the Portimão, Portimão, Faro area baseline of €245,457 (€4,631/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 48/100 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 €245,457, adjusted for condition and micro-location, gives a modelled fair value of €229,012 (€4,321/m²), a €988 (0.4%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · a80327 | Subject | €230,000 | €4,340 | — | 45 | 70 |
| avenida Tomás Cabreira | Active | €350,000 | €4,321 | 0.4% | 65 | 81 |
| avenida das Comunidades Lusíadas | Active | €215,000 | €5,119 | 18.0% | 48 | 73 |
| Portimão · 25f659 | Active | €290,000 | €3,625 | 16.5% | 55 | 72 |
| rua da Vila Rosa, 12 | Active | €247,500 | €4,057 | 6.5% | 60 | 66 |
| Median comp | €268,750 | €4,189 | 3.5% | 58 | 73 |
Short-term vacation rental This 1-bed apartment in Portimão boasts a gross yield of 3.8%, suggesting a stable but not exceptional return for vacation rentals. Given the fair valuation close to the listing price, the opportunity for upside through rental income may be limited, despite strong tourism-driven demand in the Algarve. Buy-and-hold With a fair value assessment indicating minimal gap at just 0.4%, the anticipated long-term appreciation of the property is not compelling under current market conditions. Investors may find the yield of 3.8% satisfactory but not necessarily advantageous for a buy-and-hold strategy in a fair-valued scenario. Long-term rental The property receives a neighborhood score of 70/100, indicating decent demand for long-term rentals, yet the fair pricing constrains any significant margin for long-term cash flow improvement. While the apartment's yield of 3.8% signifies a consistent rental income, the fair value suggests that potential gains may be limited in the prolonged rental market. Not ideal for student housing The apartment's condition rating of 48/100 implies necessary improvements that may deter student tenants seeking well-maintained accommodations. Additionally, as the property is fairly valued, simply covering maintenance and management costs may lead to less attractive returns in a competitive student rental market. Not ideal for value-add renovation Given its current condition score of 48/100, there is a need for renovation, but the property is already fairly priced with a very small gap to fair value. Opportunities for value-add through renovations may be restricted as they may not yield sufficient returns above the existing valuation.
Economic Vulnerability With an economic stability score of 65, the area may experience fluctuations that could affect tenant demand and rental income stability.
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