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, 2-bathroom apartment of 98 m² on the 7th floor, built in 2008, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes two expansive balconies that provide uninterrupted views of the sea, enhancing the lifestyle experience in the heart of Algarve.
The valuation. The asking price of €373,000 is slightly above the fair value of €361,872, representing a difference of €11,128 (3.1%). This positions the property at a fair valuation level, indicating a reasonable market price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 1339f6 | Subject | €373,000 | €3,806 | — | — | 77 |
| Portimão · 3a70b7 | Active | €510,000 | €3,953 | 3.9% | 75 | 72 |
| rua Agosto Azul | Active | €325,000 | €3,533 | 7.2% | 65 | 70 |
| Portimão · 3a701f | Active | €350,000 | €3,763 | 1.1% | — | 70 |
| rua das Conchas S / N | Active | €255,000 | €3,750 | 1.5% | 70 | 75 |
| Median comp | €337,500 | €3,757 | 1.3% | 70 | 71 |
Short-term vacation rental The property in Portimão offers a respectable yield of 3.4% gross, which aligns with the prevalent tourism-driven economic conditions in the Algarve. However, with only a 3.1% gap to fair value, the investment opportunity is categorized as fair, limiting potential upside in comparison to other competing listings in the area. Long-term rental With the neighborhood scoring 77/100, the property is well-positioned for long-term rental demand, appealing to those seeking stable housing options in a tourist hotspot. However, the property's fair valuation of €373,000 indicates that while it remains a viable investment, it does not present a compelling case for significant cash flow growth. Buy-and-hold Given its fair valuation amidst a thriving tourism environment, holding this property could yield potential appreciation in line with economic trends in the Algarve. Nonetheless, a 3.4% gross yield and negligible gap to fair value suggest that the investment lacks substantial growth prospects in the current market landscape.
Tenant turnover risk High tenant turnover may occur due to the moderate tenant stability score of 75/100, potentially affecting rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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