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.
3-bedroom, 2-bathroom apartment of 95 m² on the 3rd floor, built in 2008, energy rating C. Located on rua 1 de Dezembro, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment's strategic third-floor location enhances privacy while the absence of an elevator adds a unique characteristic that appeals to active lifestyles.
The valuation. The asking price of €265,000 is slightly below the fair value of €272,799, indicating it sits within a 2.9% discount. This suggests the property is reasonably valued and aligns well with market expectations.
Fair value modelled at €272,799 from 6 comparable sales in the area. Asking €265,000 sits €7,799 (2.9%) below — the upside to fair value.
Asking €265,000 versus the rua 1 de Dezembro area baseline of €283,533 (€2,985/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €283,533, adjusted for condition and micro-location, gives a modelled fair value of €272,799 (€2,872/m²), a €7,799 (2.9%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 1 de Dezembro | Subject | €265,000 | €2,789 | — | 70 | 76 |
| Portimão · 652ff9 | Active | €295,000 | €3,105 | 11.3% | 65 | 70 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 6.1% | 72 | 70 |
| rua Francisco Alvo, 3 | Active | €380,000 | €3,016 | 8.1% | 74 | 69 |
| Portimão · 831870 | Active | €330,000 | €2,727 | 2.2% | 70 | 68 |
| Median comp | €344,500 | €2,872 | 2.9% | 71 | 70 |
Short-term vacation rental This property is well-positioned to capture high tourist demand in the Algarve, despite its fair valuation. With a gross yield of 4.1%, it presents a reasonable opportunity for vacation rental investors willing to accept modest profitability. Buy-and-hold Holding this apartment is likely to align with long-term growth trends in Portimão, aided by the attractiveness of the Algarve for tourism. While it is priced at fair value, the steady demand for rental properties in this region supports a sustainable investment. Family rental This apartment's size and location in Portimão make it a suitable choice for families seeking stability in a popular area. Priced fairly at €265,000, it can generate a steady income without yielding significant discounts or gains. Not ideal for: Student housing, Luxury market, Industrial development
Moderate Economic and Tenant Risk The property is exposed to moderate economic and tenant instability with both scores at 70/100, indicating potential fluctuations in income and tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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