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, energy rating C. Located on rua Maria Eugénia Silva Horta, 3, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment boasts a spacious terrace perfect for outdoor dining and relaxation, along with access to a well-maintained communal pool and lush gardens.
The valuation. The asking price of €340,000 is approximately 8.5% below the fair value of €371,462, suggesting that this property is positioned at a reasonable price point in the current market. Buy-to-flip angle. The resale strategy involves targeting short-term vacation rentals, maximizing the value by capitalizing on Portimão's robust tourism demand, potentially yielding a significant profit margin. Buy-to-let angle. With an estimated gross yield of 3.2%, the rental income strategy focuses on long-term rentals, generating approximately €907 per month and benefiting from the region's service-oriented economy.
Fair value modelled at €371,462 from 6 comparable sales in the area. Asking €340,000 sits €31,462 (8.5%) below — the upside to fair value.
Asking €340,000 versus the rua Maria Eugénia Silva Horta, 3 area baseline of €352,993 (€4,707/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €352,993, adjusted for condition and micro-location, gives a modelled fair value of €371,462 (€4,953/m²), a €31,462 (8.5%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Maria Eugénia Silva Horta, 3 | Subject | €340,000 | €4,533 | — | 68 | 73 |
| rua Agosto Azul, 2 | Active | €480,000 | €7,500 | 65.4% | 70 | 73 |
| avenida Tomás Cabreira, 2 | Active | €290,000 | €4,531 | 0% | 75 | 68 |
| Portimão · 420269 | Active | €315,000 | €5,000 | 10.3% | 72 | 79 |
| rua das Anforas, 295 | Active | €450,000 | €6,522 | 43.9% | 65 | 73 |
| Median comp | €382,500 | €5,761 | 27.1% | 71 | 73 |
Short-term vacation rental The 1-bed apartment in Portimão currently holds fair value at €371,462, making it a competitive option for short-term vacation rentals given its gross yield of 3.2%. However, with a neighborhood rating of 73/100, factors such as tourism-driven demand are likely already reflected in the price, resulting in an expected performance closely aligned with fair market value. Long-term rental While the property in Portimão provides a stable gross yield of 3.2%, its fair market value of €371,462 suggests that the asking price of €340,000 offers minimal upside for long-term rental investors. Given the current condition rating of 71/100 and local reliance on the service sector, long-term tenants may find appeal in the area but will not lead to significant price appreciation in the short run. Buy-and-hold Holding the 1-bed apartment in Portimão appears to align with a fair investment thesis, considering its valuation at €371,462 under current market conditions. Despite the potential for steady income from rentals, the proximity to optimal pricing suggests limited room for future appreciation, making this strategy more about consistent returns than capital gains.
Economic and Tenant Stability Risk: With both economic and tenant stability scores at 70/100, there exists a moderate risk of fluctuating income levels and tenant turnover, potentially impacting cash flow and profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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