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 75 m² on the 2nd floor, built in 2009, energy rating C. Located on rua Dom Afonso V, Portimão parish, Portimão municipality, Faro district. This property features a prime location in a tourist development offering pools and garage access, ideal for vacation rentals within 500 meters of the beach.
The valuation. The asking price of €215,000 is slightly below the fair value of €229,054, indicating a difference of €14,054 (6.1%). This represents a fair valuation, suggesting that the property is priced reasonably in the current market. Buy-to-flip angle. The strategy for resale includes enhancing the apartment's appeal through minor renovations, focusing on modernizing finishes and fixtures to increase marketability and attract buyers willing to pay a premium. Buy-to-let angle. With an estimated gross yield of 5.2%, the monthly rental income of approximately €932 makes this property an attractive option for buy-and-hold investors aiming for steady cash flow from short-term vacation rentals in a tourist-friendly area.
Fair value modelled at €229,054 from 6 comparable sales in the area. Asking €215,000 sits €14,054 (6.1%) below — the upside to fair value.
Asking €215,000 versus the rua Dom Afonso V area baseline of €222,540 (€2,967/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €222,540, adjusted for condition and micro-location, gives a modelled fair value of €229,054 (€3,054/m²), a €14,054 (6.1%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom Afonso V | Subject | €215,000 | €2,867 | — | 65 | 73 |
| Portimão · 4a4442 | Active | €345,000 | €3,108 | 8.4% | — | 74 |
| rua Dom Afonso V | Active | €225,000 | €3,000 | 4.7% | 68 | 60 |
| Portimão · 3d9899 | Active | €235,000 | €2,611 | 8.9% | 70 | 71 |
| rua Agosto Azul | Active | €325,000 | €3,533 | 23.2% | 65 | 70 |
| Median comp | €280,000 | €3,054 | 6.5% | 68 | 71 |
Short-term vacation rental This 1-bed apartment in Portimão can achieve a robust gross yield of 5.2%, capitalizing on the region's strong tourism appeal. However, its fair market value of €229,054 suggests that the property is fairly priced and may not offer significant upside in appreciation. Buy-and-hold Investing in this property for a buy-and-hold strategy might provide stable rental income given the 5.2% yield, but the fair valuation indicates limited room for growth. The moderate condition rating of 62/100 implies that while it could serve for steady cash flow, future capital appreciation is unlikely to exceed current market expectations. Value-add renovation With a condition rating of 62/100, there is potential for value-add renovations to elevate the apartment's attractiveness, yet it is essential to note the fair valuation of €215,000. This property offers renovation possibilities but may not significantly enhance its market position given the current pricing evaluation against fair value.
Economic and Tenant Stability Risk The property has an economic stability score of 65/100 and a tenant stability score of 65/100, indicating an average risk of fluctuations in the rental market that could impact occupancy rates and rental income.
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