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 76 m², energy rating E. Located Portimão parish, Portimão municipality, Faro district. This apartment boasts a suspended fireplace in the living area, enhancing both charm and comfort while maximizing the connection to its breathtaking panoramic views.
The valuation. The asking price of €530,000 exceeds the fair value of €350,935 by €179,065 (51.0%), indicating the property is overpriced. This steep premium raises concerns regarding the potential for a successful sale at or near the current asking price.
Fair value modelled at €350,935 from 6 comparable sales in the area. Asking €530,000 sits €179,065 (51.0%) above — overpriced versus fair value.
Asking €530,000 versus the Portimão, Portimão, Faro area baseline of €334,083 (€4,396/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €334,083, adjusted for condition and micro-location, gives a modelled fair value of €350,935 (€4,618/m²), a €179,065 (51.0%) gap versus the €530,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 7cab57 | Subject | €530,000 | €6,974 | — | 62 | 77 |
| Portimão · f10a94 | Active | €255,000 | €4,180 | 40.1% | 65 | 67 |
| rua do Fojo, 39 | Active | €199,000 | €3,755 | 46.2% | 65 | 72 |
| Portimão · 83129f | Active | €250,000 | €5,319 | 23.7% | 63 | 72 |
| Portimão · 57fb2d | Active | €240,000 | €4,068 | 41.7% | 68 | 71 |
| Median comp | €245,000 | €4,124 | 40.9% | 65 | 72 |
Short-term vacation rental The property is overpriced at €530,000 compared to its fair value of €350,935, indicating a substantial gap of 51.0%. With a gross yield of only 2%, it may not generate sufficient returns to justify the investment in a highly competitive short-term rental market in the Algarve. Buy-and-hold Given the current price, this investment is not appropriate for a buy-and-hold strategy; the property is overpriced by 51.0% against its fair value. The low gross yield of 2% further suggests that holding this property for long-term appreciation may not align with investor expectations. Luxury market While the property may seem attractive in a desirable area, its price of €530,000 significantly exceeds the fair value of €350,935, resulting in a 51.0% overpricing. The assessment of condition at 63/100 raises concerns about the property's viability in the luxury market, where high standards are expected. Not ideal for: Student housing The characteristics and high price suggest this property is less suited for student housing, especially given its high valuation. The local market dynamics for student accommodation do not support the significant financial ask for this unit. Not ideal for: Industrial investment The residential nature of this property makes it unsuitable for industrial investment considerations. Its significant overpricing also detracts from potential yields one would seek in an industrial asset.
Potential Economic Fluctuations The property faces risks from potential economic fluctuations due to its moderate economic and tenant stability scores of 75/100, which may lead to decreased demand or rental income issues in a downturn.
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