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 78 m² on the 5th floor, built in 2008, energy rating C. Located on rua Drummond de Andrade, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a fully equipped kitchen, features air conditioning in both the living room and bedroom, and offers a shared pool for leisure activities.
The valuation. The asking price of €225,000 is €10,696 (4.5%) below the fair value of €235,696, reflecting a property in line with its estimated market worth. Overall, the valuation indicates a fair investment opportunity.
Fair value modelled at €235,696 from 6 comparable sales in the area. Asking €225,000 sits €10,696 (4.5%) below — the upside to fair value.
Asking €225,000 versus the rua Drummond de Andrade area baseline of €202,703 (€2,599/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 €202,703, adjusted for condition and micro-location, gives a modelled fair value of €235,696 (€3,022/m²), a €10,696 (4.5%) gap versus the €225,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Drummond de Andrade | Subject | €225,000 | €2,885 | — | 72 | 70 |
| Portimão · 3d9899 | Active | €235,000 | €2,611 | 9.5% | 70 | 71 |
| rua Dom Afonso V | Active | €225,000 | €3,000 | 4.0% | 68 | 60 |
| Portimão · f46d35 | Active | €260,000 | €2,857 | 1.0% | 74 | 73 |
| Portimão · 1625b6 | Active | €420,000 | €3,043 | 5.5% | 76 | 68 |
| Median comp | €247,500 | €2,929 | 1.5% | 72 | 70 |
Short-term vacation rental The property presents a gross yield of 4.8%, indicating a reasonable potential for income generation in a tourist-heavy area like Algarve. However, the slight gap to fair value suggests that while it could perform adequately, the investment does not offer any significant potential upside at the current listing price. Long-term rental With the property situated in a neighborhood rated 70/100, it appeals to a stable, long-term tenant demographic, although the employment stability is somewhat influenced by the economic reliance on tourism. The current fair value reflects a moderate yield of 4.8%, suggesting that this option is acceptable but not notably lucrative considering the price point. Buy-and-hold Investing in this property for a buy-and-hold strategy could be reasonable due to the stable demand for residential units in Portimão, even if the current valuation sits at fair value. As the property holds potential for appreciation in a tourist region, the investor should be prepared for a long-term commitment without expecting immediate gains at the current pricing level.
Economic Vulnerability The property's economic stability score of 60/100 indicates a moderate risk, suggesting potential fluctuations in local economic conditions that could affect rental income.
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