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 40 m² on the 5th floor, built in 1994, energy rating D. Located on avenida das Comunidades Lusíadas S / N, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a pleasant balcony with river views and is conveniently located just 300 meters from Praia da Rocha's sandy shore.
The valuation. The asking price of €243,000 is significantly higher than the fair value of €199,486, indicating an overpriced status with a discrepancy of €43,514 (21.8%). This overvaluation positions the apartment unfavorably for immediate investment returns.
Fair value modelled at €199,486 from 6 comparable sales in the area. Asking €243,000 sits €43,514 (21.8%) above — overpriced versus fair value.
Asking €243,000 versus the avenida das Comunidades Lusíadas S / N area baseline of €194,484 (€4,862/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 €194,484, adjusted for condition and micro-location, gives a modelled fair value of €199,486 (€4,987/m²), a €43,514 (21.8%) gap versus the €243,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida das Comunidades Lusíadas S / N | Subject | €243,000 | €6,075 | — | 65 | 73 |
| Portimão · 4a448c | Active | €250,000 | €5,208 | 14.3% | — | 70 |
| Portimão · cfe06a | Active | €236,000 | €6,378 | 5.0% | — | 75 |
| avenida das Comunidades Lusíadas | Active | €224,000 | €4,766 | 21.5% | — | 71 |
| avenida Comunidade Lusíada | Active | €365,000 | €6,759 | 11.3% | — | 72 |
| Median comp | €243,000 | €5,793 | 4.6% | — | 72 |
Long-term rental The 1-bed apartment in Portimão offers a gross yield of 3.8%, which is relatively low considering the high asking price of €243,000 compared to a fair value of €199,486. With a market condition rating of 63/100, investing in this property for long-term rental may not provide adequate returns given its current pricing. Short-term vacation rental While the Algarve region has strong seasonal demand for vacation rentals, the apartment's current price exceeds its fair value by 21.8%, suggesting the property is overpriced. The lower yield of 3.8% raises concerns about profitability in a market influenced by seasonal tourism dynamics. Buy-and-hold Given the apartment’s valuation gap and modest condition rating of 63/100, holding this property with the intent of long-term appreciation may not be advisable. Investment decisions should consider the current overpricing, which may limit future value growth in comparison to more reasonably priced alternatives.
Economic downturn risk The property is exposed to potential economic downturns with a moderate economic stability score of 65, which may impact tenant retention and rental income.
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