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 59 m² on the 4th floor, built in 1997, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Noteworthy features: This apartment offers a spacious balcony with panoramic sea views, and easy access to two on-site swimming pools, enhancing outdoor living options for residents.
The valuation. The asking price of €299,000 is slightly above the fair value of €289,319, indicating a difference of €9,681 (3.3%). This property is assessed as fair in terms of its price-to-value ratio.
Fair value modelled at €289,319 from 6 comparable sales in the area. Asking €299,000 sits €9,681 (3.3%) above — overpriced versus fair value.
Asking €299,000 versus the Portimão, Portimão, Faro area baseline of €259,378 (€4,396/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €259,378, adjusted for condition and micro-location, gives a modelled fair value of €289,319 (€4,904/m²), a €9,681 (3.3%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · a0cb09 | Subject | €299,000 | €5,068 | — | 74 | 71 |
| Portimão · dc151f | Active | €290,000 | €4,915 | 3.0% | 75 | 72 |
| Portimão · 800680 | Active | €325,000 | €4,779 | 5.7% | 75 | 71 |
| rua Engenheiro Francisco Bívar, 1 | Active | €355,000 | €7,889 | 55.7% | 75 | 73 |
| avenida das Comunidades Lusíadas | Active | €369,000 | €4,146 | 18.2% | 75 | 73 |
| Median comp | €340,000 | €4,847 | 4.4% | 75 | 73 |
Short-term vacation rental The 1-bed apartment in Portimão, while fairly priced, offers a modest gross yield of 3.3%, which is in line with the local market dynamics favoring short-term rentals. Given the region's popularity among tourists, the stability in demand supports a steady influx of rental income, although returns may be limited by the pricing. Long-term rental With a fair valuation of €299,000, the property presents a gross yield of 3.3%, indicating potential for stable cash flow but less significant appreciation compared to other opportunities. The existing condition rating of 77/100 suggests that while the apartment is rent-ready, it may not yield significant rental premiums in a competitive market. Buy-and-hold As a buy-and-hold investment, this property aligns with a conservative growth strategy given its fair pricing and yield of 3.3%. However, the current valuation does not offer an entry point that significantly enhances long-term appreciation while holding onto the investment in the dynamic Algarve market.
Economic Vulnerability With an economic stability score of 65/100, there is a significant risk that local economic fluctuations could adversely affect financial returns on the property.
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