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 39 m², built in 1994, energy rating E. Located on rua da Fábrica, Portimão parish, Portimão municipality, Faro district. This apartment features two private terraces totaling 17.8 m², providing versatile outdoor spaces for relaxation and dining with river and mountain views.
The valuation. The asking price of €235,000 is significantly above fair value, which is assessed at €174,807, resulting in an overpricing of €60,193 (34.4%). The property is therefore deemed overpriced.
Fair value modelled at €174,807 from 6 comparable sales in the area. Asking €235,000 sits €60,193 (34.4%) above — overpriced versus fair value.
Asking €235,000 versus the rua da Fábrica area baseline of €159,720 (€4,095/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 is above the parish average, lifting 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 €159,720, adjusted for condition and micro-location, gives a modelled fair value of €174,807 (€4,482/m²), a €60,193 (34.4%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Fábrica | Subject | €235,000 | €6,026 | — | 70 | 75 |
| avenida das Comunidades Lusíadas, 3 | Active | €195,000 | €4,063 | 32.6% | 71 | 67 |
| avenida Comunidades Lusíadas, 1 | Active | €215,000 | €3,909 | 35.1% | 74 | 73 |
| Portimão · 89e697 | Active | €325,000 | €5,242 | 13.0% | 75 | 71 |
| rua Judice Fialho, 49 | Active | €230,000 | €3,485 | 42.2% | 70 | 73 |
| Median comp | €222,500 | €3,986 | 33.8% | 73 | 72 |
Short-term vacation rental Given the high asking price of €235,000, which is 34.4% above the fair value of €174,807, this property is not an ideal candidate for short-term vacation rentals in Portimão. The gross yield of 3.5% is relatively low, especially for a market driven by tourism, making it less attractive to investors focusing on short-term returns. Long-term rental With the property currently listed at €235,000, it exceeds the fair value significantly, providing a return of only 3.5%, which may deter long-term rental investors looking for better yields. Considering the decent neighbourhood rating of 75/100, the long-term growth potential is limited due to the current price point being overly inflated. Buy-and-hold As an investment for buy-and-hold strategies, this property, priced at €235,000, is overvalued compared to its fair value of €174,807, creating skepticism regarding long-term appreciation. While the Algarve's appeal can facilitate future value increases, the current gap in valuation limits its attractiveness for a buy-and-hold strategy. Not ideal for: Student housing, Industrial use, Luxury market This property does not cater to student housing or the luxury market, and its potential for industrial use is nonexistent. Given its condition rating of 75/100 and pricing, it lacks features that would appeal to these specific segments of the market.
Economic vulnerability The investment is at risk due to a moderate economic stability score of 70/100, which may indicate potential fluctuations in local market conditions.
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