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.
2-bedroom, 1-bathroom apartment of 74 m² on the 1st floor, energy rating D. Located on rua Comandante Carvalho Araújo, Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: This corner apartment benefits from abundant natural light, enhancing the ambiance of its well-maintained living spaces despite some minor updates being required.
The valuation. The asking price of €260,000 is slightly below the fair value of €269,829, indicating a fair investment opportunity with a difference of €9,829 (3.6%). Buy-to-flip angle. A buy-to-flip strategy could leverage the apartment's location and condition to enhance aesthetics and appeal, potentially attracting buyers willing to pay a premium after targeted renovations. Buy-to-let angle. With an estimated rental income of €910/month, the gross yield stands at 4.2%, making this property a solid candidate for a buy-and-hold strategy targeting short-term vacation rentals or family rentals in a desirable location.
Fair value modelled at €269,829 from 6 comparable sales in the area. Asking €260,000 sits €9,829 (3.6%) below — the upside to fair value.
Asking €260,000 versus the rua Comandante Carvalho Araújo area baseline of €268,151 (€3,624/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €268,151, adjusted for condition and micro-location, gives a modelled fair value of €269,829 (€3,646/m²), a €9,829 (3.6%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Comandante Carvalho Araújo | Subject | €260,000 | €3,514 | — | 60 | 70 |
| Portimão · 1f35cf | Active | €290,000 | €3,867 | 10.1% | 65 | 73 |
| rua França Borges | Active | €199,000 | €3,262 | 7.2% | 61 | 72 |
| rua França Borges, 6 | Active | €199,000 | €3,262 | 7.2% | 60 | 70 |
| Portimão · 8313bc | Active | €299,000 | €3,646 | 3.8% | 70 | 73 |
| Median comp | €244,500 | €3,454 | 1.7% | 63 | 73 |
Short-term vacation rental This property offers a reasonable gross yield of 4.2%, making it a viable option for short-term vacation rentals, especially considering its proximity to Albufeira in the Algarve, an area known for high tourist demand. However, the slight gap of 3.6% against the fair value indicates that potential returns may be hindered by the current asking price. Buy-and-hold The apartment's current fair valuation suggests that it may serve as a stable buy-and-hold investment; however, with a yield of 4.2%, investors should be cautious as the low gap to fair value might limit potential appreciation in the coming years. The condition score of 62/100 and a neighborhood rating of 70/100 reflect moderate investment quality, which may not yield significant long-term equity growth. Family rental With family rental applications in mind, this property represents a suitable choice, particularly given the neighborhood's decent amenities and tenant quality scores. Yet, the property’s fair valuation indicates that it is reasonably priced but may not provide the exceptional rental yield needed for highly competitive family rental markets.
[Economic Vulnerability] With an economic stability score of 60/100, there is a risk that economic downturns could negatively impact rental prices and demand for the property.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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