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, built in 1990, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a spacious south-facing balcony with a view of the condo pool and modern aluminum windows installed in August 2026.
The valuation. The asking price of €275,000 is slightly below the fair value of €290,703, placing it at a fair value difference of €15,703, or 5.4%. This suggests the property is priced quite competitively. Buy-to-flip angle. The buy-to-flip strategy could involve minor renovations to enhance market appeal, potentially allowing for a resale at a higher price in a thriving seasonal market. The property's modern design should attract buyers seeking vacation homes. Buy-to-let angle. Estimated rental income of approximately €825/month results in a gross yield of 3.6%, making it a solid option for long-term rental in a popular tourist area, benefiting from consistent rental demand.
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 €261,270 (€4,283/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 €261,270, 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 · cc9cc9 | Subject | €275,000 | €4,508 | — | 72 | 64 |
| 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 property is positioned in a prime tourist area of Portimão, making it an appealing option for short-term vacation rentals. With a yield of 3.6% gross, the investment remains moderately attractive, reflecting its fair valuation against expected seasonal demand. Long-term rental This 1-bed apartment can serve as a steady long-term rental option given the Algarve's robust housing demand, bolstered by the proximity to the coast. The 3.6% gross yield demonstrates reasonable potential, although it reflects the fair price of the property in the current market. Buy-and-hold Acquiring this property as a buy-and-hold investment makes sense considering its current condition rating of 75/100, signaling good livability. Although priced fairly, future appreciation may be limited, and investors should be cautious regarding capital gains expectations in the competitive Portimão market.
Economic Vulnerability The economic stability score of 55/100 indicates a significant risk of economic downturns that could impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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