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 3rd floor, built in 1991, energy rating D. Located Portimão parish, Portimão municipality, Faro district. This charming apartment offers a unique bonus room, perfect for various uses such as an office or guest space, enhancing its appeal for year-round living in Praia da Rocha.
The valuation. The asking price of €255,000 is slightly below the fair value of €266,694, indicating a modest discount of €11,694 (4.4%). This suggests that the property can be considered a fairly valued investment opportunity.
Fair value modelled at €266,694 from 6 comparable sales in the area. Asking €255,000 sits €11,694 (4.4%) below — the upside to fair value.
Asking €255,000 versus the Portimão, Portimão, Faro area baseline of €260,163 (€4,265/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €260,163, adjusted for condition and micro-location, gives a modelled fair value of €266,694 (€4,372/m²), a €11,694 (4.4%) gap versus the €255,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · f10a94 | Subject | €255,000 | €4,180 | — | 65 | 67 |
| rua do Povo | Active | €115,000 | €4,423 | 5.8% | 55 | 74 |
| Portimão · a807a0 | Active | €230,000 | €6,216 | 48.7% | 58 | 74 |
| avenida São João de Deus, 54 | Active | €220,000 | €3,607 | 13.7% | — | 65 |
| rua do Fojo, 39 | Active | €199,000 | €3,755 | 10.2% | 65 | 72 |
| Median comp | €209,500 | €4,089 | 2.2% | 58 | 73 |
Short-term vacation rental The property's yield of 3.9% gross aligns with the potential of the Algarve's tourism-driven economy, but the slight premium over fair value indicates a less compelling investment than anticipated. Additionally, the condition and mix of local and tourist tenants may affect the stability and profitability of short-term rentals in the area. Long-term rental With a fair value just 4.4% above the listing price, this 1-bed apartment presents stable long-term rental potential; however, the overall yield of 3.9% may not meet the expectations of higher returns. The neighborhood's decent amenities and mix of tenants could help maintain consistent occupancy rates, but growth may be limited due to the pricing. Buy-and-hold While the property could serve as a suitable buy-and-hold investment given the local market's stability, the pricing is near its fair value, limiting immediate upside potential. Investors should be cautious, as any appreciation in value will likely be gradual in a market that is not currently seen as undervalued.
Economic and Tenant Volatility The economic and tenant stability scores of 65/100 indicate a moderate risk of fluctuations in rental income and property value due to potential market instability.
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