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 69 m² on the 4th floor, built in 1995. Located on rua da Fábrica, 37, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment's two private terraces, totaling approximately 17.8 m², provide diverse outdoor living experiences with stunning views of the Arade River and Monchique Mountains.
The valuation. The asking price of €235,000 sits slightly above the fair value of €231,673, indicating a difference of €3,327 or 1.4%. This suggests the property is fairly priced in the current market.
Fair value modelled at €231,673 from 6 comparable sales in the area. Asking €235,000 sits €3,327 (1.4%) above — overpriced versus fair value.
Asking €235,000 versus the rua da Fábrica, 37 area baseline of €218,413 (€3,165/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €218,413, adjusted for condition and micro-location, gives a modelled fair value of €231,673 (€3,358/m²), a €3,327 (1.4%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Fábrica, 37 | Subject | €235,000 | €3,406 | — | 72 | 68 |
| Portimão · f10c11 | Active | €280,000 | €3,294 | 3.3% | 68 | 70 |
| Portimão · 1f36c2 | Active | €265,000 | €3,897 | 14.4% | 72 | 66 |
| Portimão · a80b17 | Active | €259,000 | €3,238 | 4.9% | 70 | 73 |
| Portimão · 190684 | Active | €195,000 | €3,421 | 0.4% | 70 | 75 |
| Median comp | €262,000 | €3,358 | 1.4% | 70 | 72 |
Short-term vacation rental This property, with a yield of 4%, is well-situated in a popular tourist area, which could attract seasonal visitors. However, the fair value assessment suggests that it is not an optimal investment opportunity given that it is fairly priced at €235,000. Long-term rental The gross yield of 4% indicates moderate return potential for long-term rental; however, the property’s valuation closely aligns with its fair value of €231,673. This scenario may limit any leverage for negotiations or rental increases in the current market. Buy-and-hold Even though the property holds potential due to its appealing location, the yield of 4% signifies only modest appreciation for long-term holders. The fair valuation status suggests that future gains may be limited, making this less desirable as a buy-and-hold strategy in the current pricing environment.
Economic Dependence Risk: With both economic stability and tenant stability at 60/100, there is a significant risk that economic downturns could lead to increased vacancy rates or reduced rental income, impacting overall property performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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