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 60 m² on the 2nd floor, energy rating D. Located on rua do Oceano Atlântico, 17, Portimão parish, Portimão municipality, Faro district. Unique Feature: The apartment boasts a spacious and functional storage area, seamlessly integrated into the design, enhancing both its aesthetic appeal and practicality for everyday living.
The valuation. The asking price of €296,000 sits slightly below the fair value of €300,000, positioning this property at a modest 1.3% discount. The valuation indicates that the property is fairly priced in the current market. Buy-to-flip angle. A buy-to-flip strategy could involve minor renovations to leverage its high-quality finishes, potentially increasing resale value. Targeting the strong tourist-driven market, a resale could aim for a price closer to €320,000 within 6-12 months. Buy-to-let angle. The estimated gross yield of 3.2%, translating to approximately €789/month, presents a stable rental income opportunity. With the location's appeal to tourists and consistent demand, both short-term and long-term rental strategies could prove lucrative.
Fair value modelled at €300,000 from 6 comparable sales in the area. Asking €296,000 sits €4,000 (1.3%) below — the upside to fair value.
Asking €296,000 versus the rua do Oceano Atlântico, 17 area baseline of €265,342 (€4,422/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €265,342, adjusted for condition and micro-location, gives a modelled fair value of €300,000 (€5,000/m²), a €4,000 (1.3%) gap versus the €296,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Oceano Atlântico, 17 | Subject | €296,000 | €4,933 | — | 76 | 68 |
| avenida da Praia da Rocha | Active | €260,000 | €5,098 | 3.3% | 76 | 64 |
| Portimão · b7bf94 | Active | €250,000 | €4,902 | 0.6% | 80 | 73 |
| rua Rainha Dona Leonor, 141 | Active | €340,000 | €7,234 | 46.6% | 85 | 74 |
| rua Engenheiro Francisco Bívar, 207 | Active | €265,000 | €4,818 | 2.3% | 80 | 70 |
| Median comp | €262,500 | €5,000 | 1.4% | 80 | 72 |
Short-term vacation rental The 1-bed apartment in Portimão is situated in a tourist-driven demand zone, providing a potential for stable short-term rental income, yet the gross yield of 3.2% suggests it may not significantly exceed market standards. However, with a fair value at €300,000, the investment appears balanced, catering to the reliable influx of tourists while avoiding excessive expectations for high returns. Long-term rental With a fair valuation of €300,000 and a gross yield of 3.2%, the property in Portimão offers consistent cash flow options through long-term leases in a tourist-heavy region. The average condition rating of 78/100 supports a rental strategy that is likely to attract tenants seeking proximity to local amenities and attractions, though the yield does not present exceptional opportunity. Buy-and-hold As a buy-and-hold investment, the 1-bed apartment reflects the overall economic reliance on tourism in Portimão, aligning with a long-term strategy focusing on property appreciation over time. While the fair value matches the listing price, the minimal 1.3% gap indicates that substantial price growth may be limited, suggesting conservative expectations for future appreciation. Not ideal for: Student housing Given the neighborhood's characteristics driven by tourism rather than a stable student population, this property would not suit the student housing market. The moderate crime rates and economic dependency on transitory residents further validate this mismatch. Not ideal for: Value-add renovation The apartment's condition rating of 78/100 suggests that there is limited room for improvement through renovations, leaving little opportunity to enhance property value significantly. Thus, pursuing a value-add renovation strategy would be less favorable in this context, as the property is already in good shape relative to costs involved.
Economic and Tenant Risk The economic and tenant stability scores of 60/100 indicate a potential risk of fluctuating occupancy rates and declining rental income due to unstable economic conditions and tenant turnover.
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