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 74 m² on the 1st floor, energy rating D. Located Portimão parish, Portimão municipality, Faro district. Location: Positioned just 500 meters from Praia da Rocha, this apartment offers both tranquility and proximity to vibrant seaside activities. Features: The open-plan kitchen comes fully equipped with brand-new appliances and dinnerware.
The valuation. The asking price of €269,000 sits €9,495 (3.4%) below the fair value of €278,495, reflecting a fair valuation for this property. Hence, it appears to be appropriately priced. Buy-to-flip angle. The property’s average condition offers opportunities for upgrades, aiming to enhance its appeal for a profitable resale within the flourishing Algarve market. A targeted renovation could yield substantial returns due to high demand. Buy-to-let angle. With an estimated rental income of €942/month, the gross yield stands at 4.2%. The location's tourist attractiveness supports a short-term vacation rental strategy, ensuring steady cash flow throughout the year.
Fair value modelled at €278,495 from 5 comparable sales in the area. Asking €269,000 sits €9,495 (3.4%) below — the upside to fair value.
Asking €269,000 versus the Portimão, Portimão, Faro area baseline of €271,385 (€3,667/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 €271,385, adjusted for condition and micro-location, gives a modelled fair value of €278,495 (€3,763/m²), a €9,495 (3.4%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 0c05fa | Subject | €269,000 | €3,635 | — | 65 | 70 |
| rua Agosto Azul | Active | €325,000 | €3,533 | 2.8% | 65 | 70 |
| rua das Conchas S / N | Active | €255,000 | €3,750 | 3.2% | 70 | 75 |
| Portimão · 3a701f | Active | €350,000 | €3,763 | 3.5% | — | 70 |
| Alvor · 8750f1 | Active | €275,000 | €4,167 | 14.6% | 62 | 66 |
| Median comp | €300,000 | €3,757 | 3.3% | 65 | 70 |
Short-term vacation rental Given the high demand for accommodation in the Algarve's popular tourist region, this property could perform reasonably well as a short-term vacation rental. However, with a yield of 4.2% and the property being assessed at fair value, the investment appeal may be limited compared to other opportunities. Buy-and-hold While the property holds a fair market value, the return yield of 4.2% aligns closely with market expectations, making it a standard choice for the buy-and-hold strategy. Its condition rating of 63/100 suggests that some level of maintenance or improvement may be necessary to enhance long-term capital appreciation. Family rental The apartment is situated in a neighborhood with an overall rating of 70/100, which may provide a decent living environment for families, though the investment is at a fair valuation. Given the slight yield of 4.2% and competitive family rental market pressures, the prospects for significant cash flow may be moderate. Not ideal for: This property is not suited for the luxury market due to its fair valuation and condition, nor is it appropriate for student housing given its size and features, which may not attract that demographic.
Tenant turnover risk With a tenant stability score of 70/100, there's a moderate risk of high tenant turnover that could result in increased vacancy rates and associated costs.
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