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 61 m² on the 12th floor, built in 1990, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features a south-facing balcony with pool views and is situated within a well-serviced complex just a short walk from the beach.
The valuation. The asking price of €275,000 is €15,703 (5.4%) below the fair value of €290,703, indicating that this property is priced fairly in the current market. Buy-to-flip angle. The resale strategy focuses on renovating this 1-bed, 1-bath apartment for a potential markup, aiming for a profitable exit through a quick sale in the high-demand Algarve market. Buy-to-let angle. The rental income strategy anticipates a gross yield of 3.7%, approximately €848 per month, leveraging the area's strong tourist appeal for short-term vacation rentals or family rentals.
Fair value modelled at €290,703 from 6 comparable sales in the area. Asking €275,000 sits €15,703 (5.4%) below — the upside to fair value.
Asking €275,000 versus the Portimão, Portimão, Faro area baseline of €264,231 (€4,332/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €264,231, adjusted for condition and micro-location, gives a modelled fair value of €290,703 (€4,766/m²), a €15,703 (5.4%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · cc9c3c | Subject | €275,000 | €4,508 | — | 72 | 77 |
| Portimão · 420269 | Active | €315,000 | €5,000 | 10.9% | 72 | 79 |
| rua Armando Miranda S / N | Active | €259,000 | €3,754 | 16.7% | 74 | 75 |
| rua dos Lusíadas | Active | €255,000 | €4,048 | 10.2% | 78 | 71 |
| rua de São Tomé e Príncipe, 31 | Active | €238,000 | €5,289 | 17.3% | 80 | 70 |
| Median comp | €257,000 | €4,524 | 0.4% | 76 | 73 |
Short-term vacation rental The apartment in Portimão is well-positioned in a prime tourist area, which allows for attractive short-term rental opportunities given its solid performance metrics. With a gross yield of 3.7% and a fair valuation aligned with the local market, it can generate consistent income but may not significantly outpace inflation. Buy-and-hold The investment in this 1-bed apartment is reasonable considering its current condition and the positive neighborhood rating of 77/100. While it offers fair value at €275,000 compared to its fair value of €290,703, long-term investors should be cautious about potential appreciation in a competitive real estate environment. Family rental As a potential family rental, this property benefits from its favorable neighborhood rating and the growing demand for family-oriented housing in tourist-centric areas. However, with a gross yield of 3.7%, investors should navigate market conditions carefully to ensure sustainable returns.
Economic vulnerability The property faces a potential risk due to its economic stability score of 65, indicating possible fluctuations in the local market that could impact rental income. Bundled with a tenant stability score of 78, while relatively strong, it shows that tenant turnover could still be a concern, affecting consistent cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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