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 11th floor, built in 1979, energy rating C. Located Portimão parish, Portimão municipality, Faro district. This apartment features direct access to an expansive balcony overlooking the coastline, enhancing the living experience with outdoor space for relaxation.
The valuation. The asking price of €259,000 sits €78,661 (23.3%) below the fair value of €337,661, indicating the property is underpriced. This presents a favorable opportunity for buyers seeking immediate equity.
Fair value modelled at €337,661 from 6 comparable sales in the area. Asking €259,000 sits €78,661 (23.3%) below — the upside to fair value.
Asking €259,000 versus the Portimão, Portimão, Faro area baseline of €322,883 (€5,293/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €322,883, adjusted for condition and micro-location, gives a modelled fair value of €337,661 (€5,535/m²), a €78,661 (23.3%) gap versus the €259,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 828fd8 | Subject | €259,000 | €4,246 | — | 68 | 70 |
| Portimão · 23f31b | Active | €250,000 | €3,846 | 9.4% | 70 | 70 |
| Portimão · 28bc5b | Active | €325,000 | €6,019 | 41.7% | 65 | 62 |
| avenida Tomás Cabreira, 2 | Active | €290,000 | €4,531 | 6.7% | 75 | 68 |
| Portimão · 3df513 | Active | €255,000 | €5,930 | 39.7% | 60 | 71 |
| Median comp | €272,500 | €5,231 | 23.2% | 68 | 69 |
Short-term vacation rental This 1-bed apartment in Portimão presents a strong opportunity for short-term vacation rentals due to its subvalorizada status and the 3.8% gross yield. Given Algarve's robust tourism sector, the property is likely to attract travelers, driving rental demand and maximizing returns. Buy-and-hold Investing in this property aligns with a buy-and-hold strategy, as it is currently subvalorizada at €259,000 against a fair value of €337,661, suggesting significant potential for long-term appreciation. The satisfactory condition and decent neighborhood rating bolster the case for stable value growth over time. Long-term rental Despite its fair value assessment, this apartment's location in a tourist-friendly area indicates it can still perform well in the long-term rental market, especially given the 3.8% gross yield. The neighborhood offers sufficient amenities and housing quality to attract stable tenants, despite not being ideal for student housing or the luxury market.
Economic Volatility Risk The economic stability score of 60/100 indicates a potential for fluctuations in economic conditions that could impact property value or rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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