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 37 m², built in 1987, energy rating D. Located Portimão parish, Portimão municipality, Faro district. This apartment features a balcony with city views, enhancing its appeal despite its dated interior, and includes a designated parking space in a prime urban location.
The valuation. The asking price of €230,000 sits significantly above the fair value of €160,221, representing an excess of €69,779 (43.6%). This indicates that the property is overpriced in the current market environment.
Fair value modelled at €160,221 from 6 comparable sales in the area. Asking €230,000 sits €69,779 (43.6%) above — overpriced versus fair value.
Asking €230,000 versus the Portimão, Portimão, Faro area baseline of €165,338 (€4,469/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €165,338, adjusted for condition and micro-location, gives a modelled fair value of €160,221 (€4,330/m²), a €69,779 (43.6%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · a807a0 | Subject | €230,000 | €6,216 | — | 58 | 74 |
| Portimão · 831818 | Active | €230,000 | €4,340 | 30.2% | 54 | 70 |
| avenida Tomás Cabreira | Active | €350,000 | €4,321 | 30.5% | 65 | 81 |
| Portimão · cfe06a | Active | €236,000 | €6,378 | 2.6% | — | 75 |
| Portimão · a80327 | Active | €230,000 | €4,340 | 30.2% | 45 | 70 |
| Median comp | €233,000 | €4,340 | 30.2% | 54 | 73 |
Short-term vacation rental The property’s asking price of €230,000 is 43.6% above its fair value of €160,221, making it a less attractive option for a short-term vacation rental strategy. Additionally, with a gross yield of only 3.6% and a condition rating of 55/100, the investment potential is overshadowed by its elevated cost. Long-term rental At a listing price of €230,000, this apartment is significantly overpriced, presenting a considerable gap from the fair value of €160,221. The gross yield of 3.6% indicates that the potential returns from long-term rental may not justify this inflated price in Portimão’s current market. Buy-and-hold The buy-and-hold strategy is compromised by the property being overpriced at €230,000, a notable 43.6% above its fair value of €160,221. With a condition rating of 55/100 and a modest 3.6% yield, long-term appreciation in this scenario seems unlikely, making it a less favorable investment choice.
Economic Vulnerability The economic stability score of 65/100 indicates a significant risk of economic downturns affecting rental income and property value.
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